Saturday, June 25, 2011

Obama, Tax Cuts and Cut Spending Wont Lead to Prosperity

Obama said the nation needs to invest in education, infrastructure and new technologies to grow the U.S. economy. Americans will not deny that, but the president does not speak how to fix the economy. By fixing the economy, America can invest in education, infrastructure, and new technologies. Obama should mention to cut spending, give tax cuts to small business, get rid of Obamacare, fix Social Security, and make use more energy independent. Honestly, America would definitely prosper without Obama in the White House.

(CNBC) President Barack Obama said Saturday he remained committed to working with Congress to find a solution to the government's debt problem, but the focus could not only be on spending cuts.

Obama's comments come as the president prepared to meet separately with Senate Democratic and Republican leaders Monday to attempt to revive negotiations that collapsed Thursday when Republicans walked out over Democrats' demands for tax hikes.

"Of course, there's been a real debate about where to invest and where to cut, and I'm committed to working with members of both parties to cut our deficits and debt," Obama said in his weekly radio address. "But we can't simply cut our way to prosperity," he added.

Obama said the nation still needed to invest in education, infrastructure and developing new technologies to grow the U.S. economy.