Obama to Tea Party: How Would You Cut Spending?

September 21, 2010 RSS Feed Print
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BY Kenneth R. Bazinet
DAILY NEWS WASHINGTON BUREAU

WASHINGTON - President Obama threw down a challenge Monday to Tea Party candidates, demanding to know how they would make all the spending cuts they promise.

"The challenge, I think, for the Tea Party movement is to identify specifically, what would you do? It's not enough just to say 'Get control of spending,'" Obama said at a town hall-style meeting on CNBC.

"I think it's important for you to say, 'You know, I'm willing to cut veterans' benefits,' or, 'I'm willing to cut Medicare or Social Security benefits,' or, 'I'm willing to see these taxes go up,'" Obama added.

The Democrats are taking unified aim at the Tea Party's penchant for complaining without providing solutions to the nation's woes.

Former President Bill Clinton used the same "What would you do?" line a day earlier on Sunday talk shows.

The exchanges between President and audience were mostly pleasant, but there were some awkward moments, like when one questioner cited a Wall Street mogul's remark that Obama's "approach to the financial regulation and taxation is like Hitler invading Poland."

"I don't know where that comes from," Obama said. "If you're making a billion dollars a year after a very bad financial crisis, where 8 million people lost their jobs and small businesses can't get loans, then I think that you shouldn't be feeling put upon."

In another pointed exchange, AMVETS official Velma Hart said: "I voted for a man who said he was going to change things in a meaningful way for the middle class ... And I'm waiting, sir."

"I understand your frustration," Obama responded. "My goal is not to convince you that everything is where it ought to be. It's not."

Tags:
Democratic Party,
2010 Congressional elections,
New York Daily News,
Barack Obama,
social security,
Tea Party,
Congress,
deficit and national debt,
Medicare,
Republican Party

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The govt's fiscal year begins in October, so the Oct 2008 budget cycle already had 2009's budget in place. What you can do is blame Obama for continuing the spending that, no doubt, you were yawning through while Bush was at it, but you cant expect the government to the be sole purveyor when it comes to creation of jobs. Govt jobs are bad, right? You have to largely base your decisions on the private sector taking advantage of a poor regulatory structure from the past 30 years, derivatives, housing deregulation, poor oversight, cut funds for the SEC, and massive tax breaks for the wealthy, no?

Our deficits are going down from the Bush years, we have stopped one war and in 2011 we will stop another.

YouCut out your terrible policies that put us into this mess in the first place. How about that?

Dan of CA 4:13AM October 04, 2010

Mr Nash, why didn't you post the results for Obama's public debt? In less than 2 years under his administration the public debt has increased $1.9 trillion dollars.

In less than half a term he has almost DOUBLED what Bush did in the time period you mentioned.

Why would you point out a "fact" that can so easily be exposed for it's transparent motive even with your own sources? At this rate, the Obama administration will outspend ALL U.S. PRESIDENTS IN HISTORY in one term. Hopefully his ONLY term.

Les of TX 2:03AM October 01, 2010

“According to the Treasury Department, 42 presidents, from Washington (1789) to Clinton (2000), borrowed a combined total of $1.01 trillion from the foreign governments and financial institutions. Between 2000 and 2005, the Bush White House borrowed $1.05 trillion –more than all the previous administrations combined”. Robert T. Kiyosaki & Donald Trump (2006): Why we want you to be rich. Rich Pub. USA.

Republicans will never be able to solve our problems.

Gabino Díaz Nash of FL 8:28PM September 30, 2010

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