Obama’s To Unveil Debt Reduction Plan

By Justin Gardner | Related entries in Barack, Deficit, Money, Obama, Taxes

It’s pretty basic. Increase revenues and lower expenditures.

Here’s more from NY Times:

In his remarks, which come after Friday’s bipartisan deal to cut domestic spending by about $38 billion for the remainder of this budget year, Mr. Obama will not offer details but will set deficit-cutting goals, White House officials said. The numbers were still under discussion on Sunday.

“He’ll lay out his approach this week in terms of the scale of debt reduction he thinks the country needs so we can grow economically and win the future — a balanced approach,” David Plouffe, the senior White House political strategist, said on “Fox News Sunday,” one of four talk shows on which he appeared Sunday.

“Obviously, we need to look at all corners of government,” Mr. Plouffe said, adding, “We’re going to have a big debate.”

What are Republicans saying?

Republicans reacted skeptically to word of Mr. Obama’s speech. “I sit here and I listen to David Plouffe talk about, you know, their commitment to cut spending and knowing full well that for the last two months we’ve had to bring this president kicking and screaming to the table to cut spending,” Representative Eric Cantor of Virginia, the House majority leader, said on Fox.

This even though Obama has said he wants to cut spending…but just doesn’t want to do that during one of the worst recessions in history. Oh well, par for course with the Repubs.

If something substantive comes out of this, will Obama get credit for tackling yet another tough issue? Probably not. Republicans have no reason to cooperate with him and ever reason to keep saying no to nearly everything this President proposes.

We shall see…


This entry was posted on Monday, April 11th, 2011 and is filed under Barack, Deficit, Money, Obama, Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Obama’s To Unveil Debt Reduction Plan”

  1. kranky kritter Says:

    Of course he’ll get credit for it. That’s how it works. Virtually anything of note that happens in national politics gets credited to or blamed on the President. Congress seldom if ever gets any lasting blame or credit for anything.

  2. Mark Humpa Says:

    I’m sure Obama will blame Bush or Palin for not getting credit.

  3. Alistair Says:

    Well Justin in an upset the President receive a higher approval in handing the budget deal.

    http://tpmdc.talkingpointsmemo.com/2011/04/poll-americans-strongly-support-budget-deal-and-credit-dems-for-averting-shutdown.php?ref=fpb

Leave a Reply


NOTE TO COMMENTERS:


You must ALWAYS fill in the two word CAPTCHA below to submit a comment. And if this is your first time commenting on Donklephant, it will be held in a moderation queue for approval. Please don't resubmit the same comment a couple times. We'll get around to moderating it soon enough.


Also, sometimes even if you've commented before, it may still get placed in a moderation queue and/or sent to the spam folder. If it's just in moderation queue, it'll be published, but it may be deleted if it lands in the spam folder. My apologies if this happens but there are some keywords that push it into the spam folder.


One last note, we will not tolerate comments that disparage people based on age, sex, handicap, race, color, sexual orientation, national origin or ancestry. We reserve the right to delete these comments and ban the people who make them from ever commenting here again.


Thanks for understanding and have a pleasurable commenting experience.


Related Posts: