We can’t?
(CNS News) — President Barrack Obama today said that the federal deficit and the national debt could not be reduced solely “by cutting spending.”
During a speech at the National Council of La Raza (NCLR) Conference in Washington, D.C., the president said, “If we don’t address the debt that’s already on our national credit card, it will leave us unable to invest in things like education, to protect vital programs. So I’ve already said I’m willing to cut spending that we don’t need by historic amounts to reduce our long-term deficit — make sure that we can invest in our children’s future.”
“I’m willing to take on the rising costs of health care programs like Medicare and Medicaid to make sure that they’re strong and secure for future generations,” he said. “But we can’t just close our deficits by cutting spending. That’s the truth and Americans understand that.”