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Obama's Weekly Address: GOP's Deficit Plan 'Is Wrong for America' 

Pete Souza/The White House(WASHINGTON) -- Continuing to draw comparisons between his plan and the Republican’s plan for deficit reduction President Obama says in his weekly address that the Republican’s proposal is “wrong for America.”
“One plan put forward by some Republicans in the House of Representatives aims to reduce our deficit by $4 trillion over the next ten years,” Obama says, “But while I think their goal is worthy, I believe their vision is wrong for America.”
The president notes the “drastic cuts” in education, infrastructure, and clean energy within the Republican’s plan -- and highlights the changes to Medicare.
“It’s a vision that says that in order to reduce the deficit, we have to end Medicare as we know it, and make cuts to Medicaid that would leave millions of seniors, poor children, and Americans with disabilities without the care they need.”
The president says that it is not “right” to give $1 trillion in tax breaks to the wealthiest 2 percent of Americans.
“I don’t think it’s right to ask seniors to pay thousands more for health care, or ask students to postpone college, just so we don’t have to ask those who have prospered so much in this land of opportunity to give back a little more."
Senator Tom Coburn, M.D., R-Okla., a member of the “Gang-of Six” Senators working on deficit reform, says in the Republican’s weekly address that the president “failed to put a serious proposal on the table,” quipping that “what we need to avert a debt crisis is real leadership and specific solutions, not campaign style political attacks. “
“In his speech this week on the deficit, President Obama took us three steps backwards,” Coburn says, “Instead of describing the threat and bringing both sides together, the president attacked those who have a different vision of the government.”
By comparison President Obama touts that his approach is “balanced” and asks for all to “share in the sacrifice,” in reducing the deficit by $4 trillion over the next 12 years, as outlined in his speech at The George Washington University Wednesday.
The president says that they need an approach that “draws support from both parties,” and calls on both partied to “bridge those differences” and “work together and get this done.”

Copyright 2011 ABC News Radio

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