President Obama has consistently stated that his goal is to grow the economy and strengthen the middle class. He will not accept cuts that forces the middle class to bear the burden of reducing the deficit. The President’s plan is to reduce the deficit by over $4 trillion dollars, by cutting spending and entitlement programs, and closing tax loopholes for the rich. This plan would allow the debt to fall as a share of the economy over the next decade.
Both parties have agreed on cuts that total more than $2.5 trillion, cut spending by over $1.4 trillion. These are historically low numbers.
The President’s Plan would cut the deficit by another $1.5 trillion, if the Republicans would just get on board.
Both parties have agreed on cuts that total more than $2.5 trillion, cut spending by over $1.4 trillion. These are historically low numbers.
The President’s Plan would cut the deficit by another $1.5 trillion, if the Republicans would just get on board.
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