News / USA

Obama to Propose Deficit Cuts of Over $1.5 Trillion

President Barack Obama arrives at a town hall meeting at Wyffels Hybrids Inc., in Atkinson, Illinois, during his three-day economic bus tour, August 17, 2011
President Barack Obama arrives at a town hall meeting at Wyffels Hybrids Inc., in Atkinson, Illinois, during his three-day economic bus tour, August 17, 2011

Concluding a three-day bus tour of key midwestern states, President Barack Obama said he will propose that a bipartisan congressional committee find more than $1.5 trillion in additional spending cuts, a level set in the recent debt and deficit compromise.  

Obama used town hall events in Atkinson and Alpha in his home state of Illinois to reinforce messages he delivered to voters during this midwest tour.

The president has spoken of a broken political system in Washington, blamed Republicans for resisting a larger debt and deficit compromise, and urged Americans to increase pressure on all members of Congress.

"There is nothing wrong with our country right now," said President Obama. "There is something wrong with our politics."  

Meanwhile, Republican presidential candidates have stepped up their criticisms of the president, including Republican front-runner, former Massachusetts governor Mitt Romney, and Texas Governor Rick Perry.

"He and his academic and political friends don't understand what it takes to get this economy going again," said Romney.

"Mr. president, America's crisis is not bad luck, it's bad policies from Washington, D.C.," said Perry.

Republican candidates and Republicans in Congress have criticized Obama for failing to provide a specific plan for bringing down 9 percent unemployment. But that will change in early September.

Obama will deliver a major policy speech after the Labor Day holiday in which he will lay out specific proposals to strengthen economic recovery, including jobs initiatives, infrastructure projects, and tax proposals.

In Illinois, the president again mentioned the need for Congress to extend payroll tax cuts, and pass free trade agreements to help boost the economy and create jobs.

He also made clear he intends to propose more ambitious spending cut goals to be considered by a bipartisan congressional committee which must make its recommendations by November.

"When this committee comes forward I am going to making a presentation that has more deficit reduction than the $1.5 trillion that they have been assigned to obtain," said Obama.

Obama said he will continue to call for a mix of spending cuts and new revenue, saying "everything is going to be on the table" in efforts to achieve balanced deficit reduction.

At a town hall in Atkinson, Illinois, Obama heard some of the deep frustrations people have with the economy, including LuAnn Lavine who works in real estate.

"Since the debt ceiling fiasco in Washington, the phones have stopped. We have no consumer confidence after what has happened," said Lavine.

Republicans are predicting that Obama's September speech will be little more than a re-run of existing proposals. A spokesman for House of Representatives Speaker John Boehner said the country needs a plan, not another speech.

But there are also clear signs that Republican leaders recognize potential negative effects from a continuation of political bickering with Obama and Democrats.

In a memo to House Republicans, Majority Leader Eric Cantor said they should avoid "brinksmanship" and work to "minimize unnecessary uncertainty" and urged support for the so-called congressional "super committee".

You May Like

Karzai's Legacy: Missed Opportunities?

Afghanistan's president leaves behind a much different nation than the one he inherited, yet his legacy from 13 years in power is getting mixed reviews More

Video Secret Service Chief Under Fire for White House Security Breach

Julia Pierson faces tough questions from lawmakers after recent intrusion at White House, says: 'It is clear that our security plan was not executed properly' More

Frustrated, Liberian Students Want Ebola Fight Role

Thousands have volunteered to go to counties, rural villages to talk to people in their language about deadly virus More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Malaysia Struggles to Stop People Joining Jihadi
X
Mahi Ramakrishnan
September 30, 2014 2:16 PM
Malaysian authorities say militant groups like the so-called "Islamic State" have used social media to entice at least three dozen Malaysian Muslims to fight in what they call "jihad" in Syria and Iraq. As Mahi Ramkrishnan reports from Kuala Lumpur, counterterrorism police are deeply worried about what could happen when these militants return home.
Video

Video Malaysia Struggles to Stop People Joining Jihad

Malaysian authorities say militant groups like the so-called "Islamic State" have used social media to entice at least three dozen Malaysian Muslims to fight in what they call "jihad" in Syria and Iraq. As Mahi Ramkrishnan reports from Kuala Lumpur, counterterrorism police are deeply worried about what could happen when these militants return home.
Video

Video Could US Have Done More to Stop Rise of Islamic State?

President Obama says airstrikes against Islamic State militants in Syria will likely continue for some time because, in his words, "there is a cancer that has grown for too long." So what if President Obama had acted sooner in Syria to arm more-moderate opponents of both the Islamic State and the Syrian government? VOA State Department Correspondent Scott Stearns reports from the United Nations.
Video

Video Treasure Hunters Seek 'Hidden Treasure' in Central Kenya

Could a cave in a small village in central Kenya be the site of buried treasure? A rumor of riches, left behind by colonialists, has some residents dreaming of wealth, while others see it as a dangerous hoax. VOA's Gabe Joselow has the story.
Video

Video Iran's Rouhani Skeptical on Syria Strikes

Iranian President Hassan Rouhani expressed skepticism Friday that U.S.-led airstrikes in Iraq and Syria could crush Islamic State militants. From New York, VOA’s Margaret Besheer reports the president was also hopeful that questions about Iran’s nuclear program could be resolved soon.
Video

Video US House Speaker: Congress Should Debate Authorization Against IS

As wave after wave of U.S. airstrikes target Islamic State militants, the speaker of the Republican-controlled House of Representatives says he would be willing to call Congress back into session to debate a formal, broad authorization for the use of military force. VOA’s Michael Bowman reports from Washington, where legislators left town 10 days ago for a seven-week recess.
Video

Video Ebola Patients Find No Treatment at Sierra Leone Holding Center

At a holding facility in Makeni, central Sierra Leone, dozens of sick people sit on the floor in an empty university building. They wait in filthy conditions. It's a 16-hour drive by ambulance to Kailahun Ebola treatment center. Adam Bailes was there and reports on what he says are some of the worst situations he has seen since the beginning of this Ebola outbreak. And he says it appears case numbers may already be far worse than authorities acknowledge.
Video

Video Identifying Bodies Found in Texas Border Region

Thousands of immigrants have died after crossing the border from Mexico into remote areas of the southwestern United States in recent years. Local officials in south Texas alone have found hundreds of unidentified bodies and buried them in mass graves in local cemeteries. Now an anthropologist and her students at Baylor University have been exhuming bodies and looking for clues to identify them. VOA’s Greg Flakus has more from Waco, Texas.
Video

Video Ebola Robs Liberians of Chance to Say Good-Bye to Loved Ones

In Liberia, where Ebola has killed more than 1,500 people, authorities have worked hard to convince people to allow specialized burial teams to take away dead bodies. But these safety measures, while necessary, make it hard for people to say good bye to their loved ones. VOA's Anne Look reports on the tragedy from Liberia.
Colonel Steve ‘Spiros’ Pisanos left Greece and came to the U.S. to learn to fly. He flew fighters for the Allies in World War II, narrowly escaping death multiple times.Colonel Steve ‘Spiros’ Pisanos left Greece and came to the U.S. to learn to fly. He flew fighters for the Allies in World War II, narrowly escaping death multiple times.

AppleAndroid