Posted on 04/13/2011 8:58:59 AM PDT by NormsRevenge
President Obama, seeking to reframe the debate after a budget battle driven by spending cuts, will call for a “balanced approach” to reducing the nation’s debt and deficits in a speech in Washington on Wednesday.
As the Republican-controlled House prepares to vote on both the 2011 budget compromise and its own austere 2012 proposal, which calls for major changes to entitlement programs, Obama will set out his own commitment to deficit reduction while pledging to maintain investments he says are needed to keep the economy strong.
“The president will make clear that while we all share the goal of reducing our deficit and putting our nation back on a fiscally responsible path, his vision is one where we can live within our means without putting burdens on the middle class and seniors or impeding our ability to invest in our future,” a White House official said in previewing the speech, ..
It is unclear just how specific the president's speech will be. The official described four broad steps guiding Obama’s approach: keeping domestic spending low, trimming the defense budget, reducing excess healthcare spending “while strengthening Medicare and Medicaid,” and reforming the tax code.
The latter two points will be the biggest dividing lines between the president and Republicans. The 2012 proposal offered by Rep. Paul Ryan (R-Wis.), chairman of the House Budget Committee, eventually seeks to privatize Medicare and hand Medicaid over to states. ..
...
A new Gallup poll released Wednesday found that 62% of Americans supported the budget agreement reached late Friday and that a majority viewed it as a victory for neither party. Looking ahead, 59% of Americans say they would support raising taxes for families with incomes of $250,000 or more, while 37% would oppose it.
(Excerpt) Read more at latimes.com ...
True. God forbid an unemployeed single black mother with three kids couldn’t get her pap smear.
“Balanced Approach” = raising taxes.
Oh really?
Who is the fool now
REPORT: Budget deal cuts this year’s deficit by just $353 million, not $38 billion touted...
When will people learn
Glad I was at work and missed it. It is so hard to even look at his haughty nose in the nose pose and listen to his lies.
Gut the military? I think his strategy is to railroad Republicans to make cuts in military readiness in order to pay for misadventures in Afganistan and Libya. But military cuts are inevitable if Republicans are any more serious than Obama is about cutting spending.
Taxes for thee as long as they're not for me.
Theft is what it is in it's pure form.
All should pay and no less.
The pro tax people would change their attitude in a hurry then.
They are not spending cuts; they are increases in tax collections, tax collections from YOU.
He’s about to steamroll the Republican party and they won’t know what hit them.
His 'balanced approach' applies to everyone but himself. His credibility needs to be challenged by Congress. How about leading by example!!
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