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Showing posts with label deficit reduction. Show all posts
Showing posts with label deficit reduction. Show all posts

Saturday, April 16, 2011

Obama's Deficit Plan will Impoverish Main Street America

Global Research-President Obama announced the outlines of his deficit plan, leaving a lot up for negotiation. He planted his poll at the center right and where he ends up, with his history of compromising to bring right wing Republicans and Democratic corporatists together, can only be worse.


I was pleasantly surprised to see groups that usually side with Obama even criticizing him.  True Majority/US Action wrote “Obama wants to cut $4 trillion, but not $1 from the Pentagon,” in their headline.  They go on to point out that “President Obama today proposed reducing the deficit through almost $800 billion in cuts.”  They correctly point out that the country needs jobs not deficit cuts, and if cuts are going to be made they should not be made in domestic programs where funds are needed but in the military writing: “Over half of the money Congress makes decisions on goes directly into the Pentagon’s pocket, and that doesn't count the money for actual wars. But instead of cutting the Pentagon budget, Obama is proposing over $700 billion in cuts to programs that benefit the poor, seniors and children, while only trying to save $400 billion on war and weapons.”
Jasper Roberts Consulting - Widget