Obama debt reduction

PRESIDENT INTRODUCES DEBT REDUCTION PROPOSAL, VOWS TO DEFEND MEDICARE AGAINST REPUBLICANS' PRIVATIZATION PLAN

By Jeremy Los

I do not want the government to shut-down, but the bottom line is Washington needs to get its finances in order. Out of every dollar the United States government spends, 40 cents is borrowed. This is unsustainable.” -- Rep. Brian Bilbray (R-San Diego)

 

“Republicans are trying to ram through a disgraceful budget that would destroy Medicare, drive an entire generation of seniors into poverty, but give the wealthiest Americans even more tax cuts. It’s shameful. It’s immoral.” --Rep. Anthony Weiner (D-New York).

 

April 15, 2011-(Washington D.C.)-- President Barack Obama laid out his fiscal agenda in a speech Wednesday, announcing plans to cut our massive national debt while pledging to preserve Medicare, a program credited with lifting millions of seniors out of poverty. View his speech.

 


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