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Entries in deficit reform (1)

Thursday
Apr142011

Obama Calls To 'Start Moving Rapidly' on Deficit Reform 

ABC News(WASHINGTON) -- President Obama sat down in the Oval Office with the co-chairs of the Fiscal Commission, one day after releasing his vision for deficit reform for the country. The president said the commission, headed by former Republican Sen. Alan Simpson and Erskine Bowles, former White House chief of staff to Bill Clinton, helped  “shape” his thinking  in forming the plan to cut $4 billion from the deficit.

The president reaffirmed that he will use the tax code, “and find a way to work together to not only simplify and make the tax system fairer, but also that we use it as a tool” to help achieve the deficit goals.

The president said it is “not appropriate” to ask for sacrifices “from everybody except for the two percent of Americans who are doing best.”

Not directly mentioning the Republican criticism of his plan, the president said that “no matter how much we spend time debating the issues, at some point we’re going to have to come together as Americans.”

The president said they should “start moving rapidly to get some of these major issues resolved.”

Vice President Biden, who was also in the room, will head up the effort, the president said.

Copyright 2011 ABC News Radio







ABC News Radio