The President is destroying the fabric of America with a combined policy of war, tax cuts for the wealthy, and reductions in spending for domestic needs.
Sentiment: NEGATIVE
Sadly, the President's budget proposal for the upcoming year once again puts cutting taxes for the wealthiest Americans over addressing our country's severe fiscal problems.
To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.
Instead of cutting waste, the Obama Administration is hurting workers. President Obama should stop protecting wasteful government spending.
By failing seriously to confront the most predicable economic crisis in our nation's history, the President's policies are committing us and our children to a diminished future.
The question is: How do we reduce spending from 25% of GDP, which is where Obama put us? The focus is on total government spending. Can we bring it down, in a reasonable and politically acceptable way? That's what the Paul Ryan plan does. It puts us on a gradual reform path to reducing the size of government.
President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade, with two and a half dollars of spending reductions for every one dollar of revenue increases, and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission.
Obama's plan for higher taxes and more spending is a blueprint for perpetual poverty. The last thing America needs is more of the Democrats' class warfare that has left our economy a barren landscape.
We're committed to working with Congress to doing what the president said he was always going to do, which is cut the deficit in half over the - over his first term.
Mr. Obama's choices show how fundamentally unserious he is about deficit reduction and spending restraint.
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
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