Tags: US | Obama | Deficit

Obama Says He'll Call GOP's Bluff On Deficit Talk

Saturday, 31 Jul 2010 04:05 PM


President Barack Obama has a warning for Republicans who denounce the federal deficit but reject proposals to cut it.

Obama tells CBS, "I'm going to call them on their bluff."

The president promises to have "a bunch of ideas" for deficit reduction, but he didn't specify them in the broadcast interview.

Many analysts say both spending cuts and tax increases are needed to tame the soaring deficit.

Republicans in Congress oppose almost any form of tax increases, as do some Democrats. Lawmakers in both parties call for spending cuts, but they often hedge when cuts are proposed to specific programs.

Obama's interview was taped Friday, and will air on CBS's "Sunday Morning" and "The Early Show" on Monday.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved