Monday, July 25, 2011
Obama: Spending cuts alone not answer on deficit
US President Barack Obama addresses the National Council of La Raza (NCLR) annual conference in Washington.
President Barack Obama, taking a combative tone in a standoff with congressional Republicans over the US debt, said the country cannot deal with its budget problems through spending cuts alone.
"Both parties have a responsibility to come together and solve the problem and make sure the American people are not hurt on this issue," Obama said in a speech at the National Council of La Raza.
"I've already said I'm willing to cut spending that we don't need by historic amounts to reduce our long-term deficit and make sure that we can invest in our children's future," he said. "But we can't just close our deficits by cutting spending."
"Both parties have a responsibility to come together and solve the problem and make sure the American people are not hurt on this issue," Obama said in a speech at the National Council of La Raza.
"I've already said I'm willing to cut spending that we don't need by historic amounts to reduce our long-term deficit and make sure that we can invest in our children's future," he said. "But we can't just close our deficits by cutting spending."
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