Obama: Revenues Needed For US Deficit Fix

Wednesday, 17 Aug 2011 02:08 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

ATKINSON, Ill. - The large U.S. budget deficits can be trimmed without radical surgery, so long as the plan includes some revenue increases, President Barack Obama said Wednesday,

At a town hall meeting in Illinois, Obama said he would present a plan to the lawmakers assigned to identify further U.S. budget savings that goes beyond their $1.5 trillion goal, including spending cuts as well as some revenue raising.

"It doesn't require radical surgery for us to fix it," he said. "If you have a deal that does not have revenue in it, and you still want to close the deficit by say $4 trillion ... you have to drastically cut things like Medicare." (Reporting by Alister Bull, Writing by Laura MacInnis, Editing by Jackie Frank)

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
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
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

ADL: Europe Wages 'Diplomatic Intifada' Against Israel

Wednesday, 17 Dec 2014 18:44 PM

The Anti-Defamation League on Wednesday condemned as "frivolous" the European Parliament's resolution passed earlier in  . . .

US Connects North Korea to Sony Hacking

Wednesday, 17 Dec 2014 18:34 PM

Officials in the U.S. intelligence community concluded North Korea's government was "centrally involved" in the attacks  . . .

Ray Flynn: Press Cuba for Religious Freedom Before Future Ties

Wednesday, 17 Dec 2014 18:20 PM

Ray Flynn, former U.S. ambassador to the Holy See, cheered the release of Alan Gross on Wednesday but told Newsmax that  . . .

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.

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