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

HRW: Egypt's Trial of Morsi ‘Badly Flawed’

Human Rights Watch says former Egypt leader's detention without charge for more than three weeks after his removal from office violated Egyptian law; government rejects criticism More

Photogallery Lancet Report Calls for Major Investment in Surgery

In its report published by The Lancet, panel of experts says people are dying from conditions easily treated in the operating room such as hernia, appendicitis, obstructed labor, and serious fractures More

Music Industry Under Sway of Digital Revolution

Millions of people in every corner of the Earth now can enjoy a vast variety and quantity of music in a way that has never before been possible 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.
Study: Insecticide Damaging Wild Bee Populationsi
X
April 24, 2015 10:13 PM
A popular but controversial type of insecticide is damaging important wild bee populations, according to a new study. VOA’s Steve Baragona has more.
Video

Video Study: Insecticide Damaging Wild Bee Populations

A popular but controversial type of insecticide is damaging important wild bee populations, according to a new study. VOA’s Steve Baragona has more.
Video

Video Data Servers Could Heat Private Homes

As every computer owner knows, when their machines run a complex program they get pretty hot. In fact, cooling the processors can be expensive, especially when you're dealing with huge banks of computer servers. But what if that energy could heat private homes? VOA’s George Putic reports that a Dutch energy firm aims to do just that.
Video

Video Cinema That Crosses Borders Showcased at Tribeca Film Festival

Among the nearly 100 feature length films being shown at this year’s Tribeca Film Festival in New York City are more than 20 documentaries and features with international appeal, from a film about a Congolese businessman in China, to documentaries shot in Pakistan and diaspora communities in the U.S., to a poetic look at disaffected South African youth. VOA’s Carolyn Weaver has more.
Video

Video UN Confronts Threat of Young Radicals

The radicalization and recruitment of young people into Islamist extremist groups has become a growing challenge for governments worldwide. On Thursday, the U.N. Security Council heard from experts on the issue, which has become a potent threat to international peace and security. VOA’s Margaret Besheer reports.
Video

Video Growing Numbers of Turks Discover Armenian Ancestry

In a climate of improved tolerance, growing numbers of people in Turkey are discovering their grandmothers were Armenian. Hundreds of thousands of Armenians escaped the mass deportations and slaughter of the early 1900's by forced conversion to Islam. Or, Armenian children were taken in by Turkish families and assimilated. Now their stories are increasingly being heard. Dorian Jones reports from Istanbul that the revelations are viewed as an important step.
Video

Video Migrants Trek Through Western Balkans to Reach EU

Migrants from Africa and other places are finding different routes into the European Union in search of a better life. The Associated Press followed one clandestine group to document their trek through the western Balkans to Hungary. Zlatica Hoke reports that the migrants started using that route about four years ago. Since then, it has become the second-most popular path into Western Europe, after the option of sailing from North Africa to Italy.
Video

Video TIME Magazine Honors Activists, Pioneers Seen as Influential

TIME Magazine has released its list of celebrities, leaders and activists, whom it deems the world’s “most influential” in 2015. VOA's Ramon Taylor reports from New York.
Video

Video US Businesses See Cuba as New Frontier

The Obama administration's opening toward Cuba is giving U.S. companies hope they'll be able to do business in Cuba despite the continuation of the U.S. economic embargo against the communist nation. Some American companies have been able to export some products to Cuba, but the recent lifting of Cuba's terrorism designation could relax other restrictions. As VOA's Daniela Schrier reports, corporate heavy hitters are lining up to head across the Florida Straits - though experts urge caution.
Video

Video Kenya Launches Police Recruitment Drive After Terror Attacks

Kenya launched a major police recruitment drive this week as part of a large-scale effort to boost security following a recent spate of terror attacks. VOA’s Gabe Joselow reports that allegations of corruption in the process are raising old concerns about the integrity of Kenya’s security forces.
Video

Video Japan, China in Race for Asia High-Speed Rail Projects

A lucrative competition is underway in Asia for billions of dollars in high-speed rail projects. Cambodia, India, Indonesia, Malaysia Thailand and Vietnam are among the countries planning to move onto the fast track. They are negotiating with Japan and the upstart Chinese who are locked in a duel to revolutionize transportation across Asia. VOA Correspondent Steve Herman in Bangkok has details.
Video

Video Scientists: Mosquitoes Attracted By Our Genes

Some people always seem to get bitten by mosquitoes more than others. Now, scientists have proved that is really the case - and they say it’s all because of genes. It’s hoped the research might lead to new preventative treatments for diseases like malaria, as Henry Ridgwell reports from London.
Video

Video Bible Museum Coming to Washington DC

Washington is the center of American political power and also home to some of the nation’s most visited museums. A new one that will showcase the Bible has skeptics questioning the motives of its conservative Christian funders. VOA religion correspondent Jerome Socolovsky reports.
Video

Video Armenia and Politics of Word 'Genocide'

A century ago this April, hundreds of thousands of Armenians of the Turkish Ottoman empire were deported and massacred, and their culture erased from their traditional lands. While broadly accepted by the U.N. and at least 20 countries as “genocide”, the United States and Turkey have resisted using that word to describe the atrocities that stretched from 1915 to 1923. But Armenians have never forgotten.
Video

Video Afghan First Lady Pledges No Roll Back on Women's Rights

Afghan First Lady Rula Ghani, named one of Time's 100 Most Influential, says women should take part in talks with Taliban. VOA's Rokhsar Azamee has more from Kabul.
Video

Video New Brain Mapping Techniques Could Ease Chronic Pain

From Boulder, Colorado, Shelley Schlender reports that new methods for mapping pain in the brain are providing validation for chronic pain and might someday guide better treatment.

VOA Blogs