Saturday, April 16, 2011

Barack Obama: GOP’s deficit plan ‘wrong for America'

Echoing the message he delivered in a major speech earlier in the week, President Barack Obama on Saturday said cutting the federal budget will require sacrifices from every American, but that those people who are most economically vulnerable shouldn't shoulder most of the burden.

"We have to take a balanced approach to reducing our deficit – an approach that protects the middle class, our commitments to seniors, and job-creating investments in things like education and clean energy," Obama said in his weekly address to the nation. "What's required is an approach that draws support from both parties, and one that's based on the values of shared responsibility and shared prosperity."

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