As Republicans this week extend their attacks on President Obama for the increasing federal debt, the RNC’s “rapid response” team has dredged up old video of then-Senate candidate Obama elaborating his views about the federal deficit during a 2004 debate.
Tales from the Trail
Amid the political fingerpointing over which party will catch the blame if Congress fails to raise the $14.3 trillion debt limit, comes the stark reality of what bills get paid after Aug. 2, if the U.S. government can’t borrow more money.
President Obama will explain his vision for tackling the long-term U.S. deficit and debt in a speech in Washington at 1:35 p.m.
President Barack Obama said he wants a mature discussion between politicians of all stripes as the White House and members of Congress try to make tough decisions on spending and taxes necessary to run the government and deal with a ballooning budget deficit.
American voters made their feelings very clear last week. U.S. government borrowing is too high and needs to be reduced. How sad, then, that the presidential commission tasked with coming up with a credible plan to cut the deficit is already being dismissed as a non-event.