Just hours after Republicans unveiled a plan to balance the budget in 10 years to help grow our economy, President Obama told ABC News that he has no intention of balancing the federal budget. Why? Because “we don’t have an immediate crisis in terms of debt.” Whatever you say, Mr. President: When George Stephanopoulos pressed and asked if the president’s budget will be “balanced by any point,” President Obama responded: “No.” This isn’t the first time the president has claimed Washington is doing just fine in the fiscal department. Repeated trillion-dollar deficits and a $16 trillion debt (more than $52,000 for every American) aside, President Obama told Speaker Boehner “we don’t have a spending problem.” More than 180 economists disagree with the president’s assessment … as do the numbers. Cue another chart: The best line of the night was when the president told ABC he won’t “chase a balanced budget just for the sake of balance.” That’s good to hear because Republicans don’t want to balance the budget “just for the sake of balance” either – but because a balanced federal budget is one of the keys to growing our economy long-term and expanding opportunities for all Americans. According to [...]
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