Hey! Who replaced the dithering guy who lives in the White House with somebody who acts like he wants to be President? On the heels of the large jobs plan announced earlier this month, President Obama has announced his own plan to reduce the deficit by up to $ 3 trillion. (Details, .. $ 1.5 trillion in higher revenues, through limiting deductions, shutting loopholes and letting the Bush tax cuts expire, and $ 1.5 trillion in spending savings from tinkering with entitlement programs and counting savings from winding down operations in Iraq and Afghanistan). Like the jobs plan, this deficit reduction plan doesn 't have much of a chance of becoming law. . . But this isn 't about legislation. The President has been urged, from left, right, and center, to lead with declarative plans. For much of the past few years, President Obama has outsourced legislation to Congress or to commissions, negotiated with himself in public, and sought compromise for the sake of compromise. He created the Simpson-Bowles Commission and then refused to endorse its deficit-reducing proposals. . . President Obama could have come forth with deficit-reduction plans .. but he didn 't. And so very few people believed he was serious about making a dent in the national debt. . . . . with time running out on his presidency – the 2012 election is fewer than 14 months away – he 's coming up with specific ideas and numbers instead of focusing on process. The country has a jobs crisis? Here 's my plan to help create more jobs. The country has a debt crisis? Here 's my plan to reduce deficits by $ 3 trillion over ten years. President Obama is laying an agenda out there for the Republicans to embrace or reject, knowing full well that they will reject it. . . But at this point, he has no choice. (Excerpt) Read more at news.yahoo.com …
Recent Comments
Related Posts
