Arab Today, arab today obamaus won\t balance budget in next 10 years
Last Updated : GMT 08:29:15
Arab Today, arab today
Arab Today, arab today

Obama: US won\'t balance budget in next 10 years

Arab Today, arab today

Arab Today, arab today Obama:  US won\'t balance budget in next 10 years

Washington - AFP

President Barack Obama warned Tuesday America will not balance its budget within a decade because Republican plans to do so would entail slashing social programs many citizens rely on for support.Even as he set out to woo lawmakers on Capitol Hill, including Republican foes, Obama called for an approach that restores fiscal stability but also protects healthcare for the poor and the elderly and shields the middle class.My goal is not to chase a balanced budget just for the sake of balance. My goal is how do we grow the economy, put people back to work, and if we do that we are going to be bringing in more revenue,\" Obama told ABC News.Obama said a plan unveiled by Republican congressman Paul Ryan on Tuesday which balances the budget in 10 years was too punitive.We\'re not going balance the budget in 10 years because if you look at what Paul Ryan does to balance the budget, it means that you have to voucherize Medicare, you have to slash deeply into programs like Medicaid.\"You\'ve essentially got to either tax middle class families a lot higher than you currently are, or you can\'t lower rates the way he\'s promised.\"Obama is calling for a deficit cutting solution that raises new revenue by closing loopholes favored by the rich and corporations.His Democrats say Ryan\'s approach would entail painful cuts to Medicaid government health programs for the poor and Medicare for senior citizens.Earlier, Obama visited Capitol Hill for lunch with Democratic senators.But in the next two days, he will enter the lion\'s den in separate talks with Republicans from both chambers and will also meet minority lawmakers from his own Democratic Party in the House of Representatives.Obama has often appeared to shun the back-slapping and arm-twisting that greases power between a president and Congress, but has made a new effort in recent days, and dined with a dozen Republican senators last week.Senate Republican minority leader Mitch McConnell, who has used his mastery of procedure to gum up Obama\'s legislative program, complimented the president for his effort, though offered no real signs of a breakthrough.With regard to what a lot of you have described as the president\'s charm offensive, we welcome it,\" McConnell told reporters.The reports I got from the members who went down to dinner with him last week was excellent -- that they had a good exchange. I told the president on Friday I hope he\'ll invite all of our members down for these dinners.\"Democrats said the president mostly spoke about deficit cutting and budget issues and also expressed optimism that a bipartisan deal to fix America\'s broken immigration system could be reached.He thinks it\'s very important that we solve these problems together and he says that working together with Republicans in terms of getting a grand bargain, or a major dent in this issue, is critically important,\" said Democratic Senator Carl Levin.But \"compromise is essential and he hasn\'t seen enough of it from (Republicans) yet,\" Levin said.Democratic senator Tom Harkin said several senators brought up Republican plans to cut spending on social programs, adding: \"We\'re cautioning about that, be careful about this grand bargain.\"While atmospherics were improved, there were signs Tuesday, as Republicans and Democrats unveiled rival budgets, that staunch divisions over basic political philosophy could derail the latest push for compromise.Ryan, the Republican party\'s 2012 vice presidential candidate, said his budget would alleviate the \"crushing burden\" of debt that is threatening America\'s future and would cut $4.6 trillion in spending.The plan contains no new tax revenue and demands massive spending cuts, as well as major changes to cherished social programs like Medicare and Medicaid, in a bid to balance the budget within a decade.Ryan on Tuesday described his plan as an \"invitation to the president of the United States and to Senate Democrats to come together to fix these problems.\"\"Show us how to balance the budget,\" he said.Democrats in Congress are unveiling their own budget plans, which include nearly $1 trillion in new revenues and $1 trillion in cuts.The White House, under fire from Republicans over delays in its own budget blueprint, predicted Obama\'s own plan would emerge after April 8.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obamaus won\t balance budget in next 10 years Arab Today, arab today obamaus won\t balance budget in next 10 years

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obamaus won\t balance budget in next 10 years Arab Today, arab today obamaus won\t balance budget in next 10 years

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday