Touring with the President – 3 days promoting budget cuts
Today President Barak Obama started out on a three day long campaign to promote his budget reduction plans by speaking at Annandale Northern Virginia Community College. Labeled “Shared Responsibility and Shared Prosperity” by Obama himself, the highlights of his proposal are aimed to cut some four trillion dollars from the budget over a period of the next twelve years.
Proclaiming that what is necessary is shared sacrifice, he spoke to professors and college students in a full room. Wealthy American will find their taxes increased somewhat while lower and middle class tax payers will find theirs reduced. In addition, many ineffective and wasteful programs must be cut from the defense and domestic spending budget.
Medicaid and Medicare need to be strengthened while investing in such areas as the transportation infrastructure, education, and energy are worthwhile investments we must make.
On to the budget cuts he proposes making cuts of some $770 billion of the non security discretionary type spending and reducing security spending in the amount of $400 billion. In addition to raising an additional one trillion dollars in taxes President Obama plans to aim toward saving $480 billion from Medicaid and Medicare.
Any money that can be shaved off of discretionary spending projects is a good thing and those are the sort of issues we have to encourage our politicians to make a commitment to fulfill. It has become a how we can do it rather than merely an if we should do it when it comes to making severe cuts to the U.S. National Budget.
Obama plans to travel to Palo Alto, California on Wednesday for a Facebook forum on that social network’s website. And on Thursday he will host an event in Reno, Nevada where he will continue on with his budget reduction efforts. As the deficit rises and becomes an ever bigger problem, we must make sacrifices even in this, the most prosperous of nations.
