No Specifics: Just More OBAMATALK on Debt

Washington Times - Seeking to reassert leadership on the deficit and reassure troubled financial markets, President Obama on Wednesday said $4 trillion can be cut from accumulated deficits by 2023, and he told Congress to pass a “debt fail-safe” trigger that would impose big cuts if the debt doesn’t begin to stabilize within three years. Essentially tossing aside the budget he submitted just two months ago, Mr. Obama called for much deeper defense and domestic spending cuts and said that while he will not trim payments from Social Security, Medicare or Medicaid, more money can be squeezed out of those programs in other ways. Read full story here: News New Mexico

No Specifics: Just More OBAMATALK on Debt