POLITICS
Obama swings back at Romney, talks deficit reduction
April 04, 2012
April 04, 2012
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come from taxes and trimming healthcare costs. He said his administration had already taken significant steps to bring spending down.
"It's not as if we haven't been doing anything for the last year and a half," he said. Obama said that his budget calls for $1 trillion in deficit reductions over the next 10 years, and that last year's debt ceiling deal provides for another $1 trillion in automatic cuts in January 2013.
Republicans say that Obama's budget spends too much and taxes too much, and fails to make the tough choices to ensure that entitlement programs -- namely Medicare
come from taxes and trimming healthcare costs. He said his administration had already taken significant steps to bring spending down.
"It's not as if we haven't been doing anything for the last year and a half," he said. Obama said that his budget calls for $1 trillion in deficit reductions over the next 10 years, and that last year's debt ceiling deal provides for another $1 trillion in automatic cuts in January 2013.
Republicans say that Obama's budget spends too much and taxes too much, and fails to make the tough choices to ensure that entitlement programs -- namely Medicare
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