Sunday, April 10, 2011

Obama to Announce Deficit Reduction Plans Wednesday

Someone should ask him what has changed so substantially in the last two months since he presented his 2012 Budget. The Republicans have successfully changed the debate from if to cut to how much to cut; good.

http://finance.yahoo.com/news/White-House-Obama-to-lay-out-apf-3210665353.html

"Much will be revealed at midweek, when the House and Senate are expected to vote on a budget for the remainder of this fiscal year and Obama reveals his plan to reduce the deficit, in part by scaling back programs for seniors and the poor. Across the dial on Sunday, messengers from both parties framed the series of spending fights as debates over cuts -- a thematic victory for House Republicans swept to power by a populist mandate for smaller, more austere government.

"We've had to bring this president kicking and screaming to the table to cut spending," said House Majority Leader Eric Cantor, R-Va., on "Fox News Sunday."

Presidential adviser David Plouffe said Obama has long been committed to finding ways for the nation to spend within its means. He confirmed that the president would unveil more specifics for deficit reduction with a speech Wednesday that would reveal plans to reduce the government's chief health programs for seniors and the poor.
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