Rove: Obama Has No Deficit-Cutting Plan

Karl Rove says President Barack Obama needs to get serious about cutting the national debt, but he doesn’t think that’s going to happen in this week’s speech.

Obama is expected to outline his plans for reducing the deficit in a speech Wednesday. The president plans to address domestic and military spending and programs such as Social Security, Medicare and Medicate, senior adviser David Plouffe said on the Sunday talk shows.

But Rove, writing on Foxnews.com, said there was no guarantee that Obama would actually give details of a concrete plan.

“It sounds like Mr. Obama will spell out deficit-cutting targets, not a plan,” Rove wrote. He added that “it appears Mr. Obama’s speech will be heavy on goals and light on proposals.”

“If so, it will be another missed opportunity, one with grave consequences for the nation’s prosperity. For Mr. Obama will again have set a lofty goal (like doubling U.S. exports or cutting dependence on foreign oil) without spelling out how to achieve it,” said Rove, who was President George W. Bush’s senior adviser.