Excerpts from 2013 SOTU and Comments
In 2011, Congress passed a law saying that if both parties couldn’t agree on a plan to reach our deficit goal, about a trillion dollars’ worth of budget cuts would automatically go into effect this year. These sudden, harsh, arbitrary cuts would jeopardize our military readiness, they’d devastate priorities like education and energy and medical research. They would certainly slow our recovery and cost us hundreds of thousands of jobs. And that’s why Democrats, Republicans, business leaders, and economists have already said that these cuts -- known here in Washington as “the sequester” -- are a really bad idea.
= = = =My Comments
BUT They passed it… it was bad then and it is bad now…. Reducing Spending by $1Trillion isn a single giant step IS bad. So is promising to reduce it gradually over the next 10 or 20 years…long after those in office are gone.
Why do we have to “plunge” in or “drag it out forever?
My Debt Reduction Initiative is a softer walk into first killing the Deficit, over three years, and then buying down our debt. Instead of “the big gulp”, my Debt Reduction Initiative provides spending cuts in smaller steps of 0.5, 0.3, and 0.2 Trillion over 3 years. It gets the job done in a reasonable time.
Most Americans -- Democrats, Republicans and independents -- understand that we can’t just cut our way to prosperity. They know that broad-based economic growth requires a balanced approach to deficit reduction, with spending cuts and revenue, and with everybody doing their fair share.
... tonight I’ll lay out additional proposals that are fully paid for and fully consistent with the budget framework both parties agreed to just 18 months ago. Let me repeat: Nothing I’m proposing tonight should increase our deficit by a single dime. It is not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth
Mr O. You need to go back to school. Americans are on to your deceptions.
We are totally dis-interested in NOT INCREASING THE DEFICIT.
You need to admit that THE ISSUE IS DEBT. Your rhetoric about not increasing the Deficit leaves it at about $1 Trillion per year; growing our Debt to $20Trillion before you leave office.
Please review and implement my Debt Reduction Initiative
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Do you agree?