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Thread: Obama: I'll cut $4 trillion

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    Obama: I'll cut $4 trillion

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    By Jeanne Sahadi, senior writerApril 13, 2011: 2:10 PM ET

    NEW YORK (CNNMoney) -- It was more than the naysayers were expecting, but less than what many deficit hawks had hoped.
    President Obama on Wednesday articulated his most ambitious plan yet for reining in the nation's debt. He laid down a series of spending and deficit targets for lawmakers to adhere to in the coming decades -- and summoned congressional leaders to take part in a budget summit in early May.
    He's making a political move. He wants to own the budget reduction debate.
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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by American View Post
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    He's making a political move. He wants to own the budget reduction debate.
    Perhaps he should have thought of that before the GOP took ownership. He just looks desperate now.

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by Whovian View Post
    Perhaps he should have thought of that before the GOP took ownership. He just looks desperate now.
    Desperately trying to keep the tax cuts for their wealthy donors.

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    Re: Obama: I'll cut $4 trillion

    Obama looks to be ‘owning’ to me.
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    Re: Obama: I'll cut $4 trillion

    Hmm interesting...to be fair and not overly partisan I think Obama' plan has a chance to be more popular than ryans overall

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    Re: Obama: I'll cut $4 trillion

    it'll be interesting to see what he is proposing in detail and in comparison, but i will most likely go for plan that has the most cuts. The faster we get rid of the debt the less money it takes in interest over time.

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by Chappy View Post
    Obama looks to be ‘owning’ to me.
    Owning what though? The ability to blame Bush? The drone of attack and tax the rich? Bigger Government? Higher deficits?

    This so called "important" speech that was so important that he gave it in the middle of the day when everyone was at work, and left out any details that he would be held accountable for later. In fact now he lays it off on Sherriff Joe to follow up, another vacation in the works maybe?

    He is truly adept at double speak, and outright lying.


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    Re: Obama: I'll cut $4 trillion

    As usual, the President sounds good. He's a great speaker.

    As for his plan, it sounds good as well, but as he said in his speech it will most like be changed a number of times before it is implemented, if it ever is. Unlike the bipartisan successes in the '90's that he mentioned, our political environment now seems much more divided.
    "Action expresses priorities."
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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by American View Post
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    He's making a political move. He wants to own the budget reduction debate.
    I dont care WHY he has come to the table...just THAT he has come to the table. The president doesnt pass budgets. Congress will still have the lead on this. If the house and the president are sincere then this is beneficial to the country. I hope like heck that they transcend partisanship and do the right thing. This will require hard work, sacrifice, and a willingness for all to make tough decisions.

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by j-mac View Post
    Owning what though? The ability to blame Bush? The drone of attack and tax the rich? Bigger Government? Higher deficits?

    This so called "important" speech that was so important that he gave it in the middle of the day when everyone was at work, and left out any details that he would be held accountable for later. In fact now he lays it off on Sherriff Joe to follow up, another vacation in the works maybe?

    He is truly adept at double speak, and outright lying.


    j-mac
    I probably missed it, but where did the President lie in this speech?
    "Action expresses priorities."
    ~Mohandas Gandhi

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