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Obama to offer his own deficit reduction package (AP)

WASHINGTON – Drawing a bright line with congressional Republicans, President Barack Obama is proposing $1.5 trillion in new tax revenue as part of his long-term deficit reduction plan, according to… … The administration also identified $430 billion in savings from lower interest payment on the debt. Obama backed away from proposing sweeping changes to Medicare, following the advice of fellow Democrats that it would only give political cover to a privatization …

Publish Date: 09/19/2011 5:46

http://newsretrieval.info/?p=3613

Allan Abramson: The Debt, the Deficit and Jobs: What Obama …

www.huffingtonpost.com11/7/11

Of course we can afford the current debt, and we probably could handle another $10 trillion, but who wants to go deeper in debt when we have so much to do to revive the economy and to put people back to work?

Ready To Be Shocked?!

DID YOU KNOW?

Did you know that the US Federal Government spent $413 billion on INTEREST PAYMENTS just last year?!

Since 1988 the US congress has spent 8 trillion in interest payments alone!

According to the non-partisan CBO (Congressional Budget Office) by the year 2021 interest payments will reach 1.1 trillion dollars a year!

By the year 2046 every single dime of Federal Income Tax revenue will be spent on interest!

If congress stopped ALL spending today and made payments of one hundred million dollars a day, it would take 389 years just to pay off the debt!

When politicians talk about reducing the deficit they are not talking about reducing the DEBT!

What can you do about it.

Get people to watch this video and GET INVOLVED !!!

Because if you don’t, it might well mean the end of the greatest republic the world has ever known!

Paul Ryan Obama | Paul Ryan Occupy Wall Street | Video | Mediaite

www.mediaite.com10/9/11

On Meet the Press earlier today, Congressman Paul Ryan defended the legitimate rights of the Occupy Wall Street protestors to air their grievances about the government, but criticized President Obama for dividing the country …

Paul Ryan pushing Politifact's claim that Paul Ryan isn't trying to end …

hotspyer.com12/8/11

That echoes a previous false claim by Ryan that “The president has not put forward a plan that saves Medicare from bankruptcy, even though nonpartisan experts tell us that this could happen in 9-13 short years unless we act. …

This is Part 10 of a look at possible GOP candidates that might run well against Obama in 2012.

Part 1 looked at Mitch Daniels Part 2 looked at Tim Pawlenty

Part 3 looked at Chris Christie Part 4 looked at Mitt Ronney

Part 5 looked at Sarah Palin Part 6 looked at Mike Huckabee

Part 7 looked at Rudy Giuliani Part 8 looked at Michele Bachman

Part 9 looked at Donald Trump Part 10 looked at Paul Ryan

Part 11 looked at Ron Paul Part 12 looked at Newt Gingrich

Part 13 looked at Herman Cain Part 14 looked at Rick Santorum

Part 15 looked at Rick Perry Part 16 looked at Jon Huntsman

Most of you are probably more than familiar with Paul Ryan and his latest deficit cutting proposals, but take a look at this anyway, because it’s poweful and has Obama very worried!

Having looked at lots of talkbacks on different sites, I can tell you that Ryan is very very popular.

INTERVIEWER: Let’s start with the big picture, President Obama’s budget for 2012, for the next fiscal year that starts next October, calls for a five-year freeze on nondefense discretionary spending he says would save $400 billion. No addressing of entitlements. How is your budget different?

RYAN: His freeze locks in very high spending levels. It’s really more of a floor to gain (ph) — with 24 percent increase in discretionary spending. If we go to 2008 levels, we’d get another $400 billion on top of that over the next 10 years.

Nothing on entitlements. He does nothing to address the drivers of our debt. The public debt will double in his first term and triple by the end of his budget. He adds $13 trillion more to our debt.

He’s punting on the budget and not doing a thing to prevent a debt crisis, which every single economist tells us is coming sooner rather than later in this country. We will address these issues.

INTERVIEWER: All right, let’s talk about your budget. Widely reported that your budget will cut spending by $2 trillion over the next decade. True?

RYAN: Well, it’s more than that, quite a bit more than that.

INTERVIEWER: Three trillion?

RYAN: More than that.

INTERVIEWER: Four trillion?

RYAN: We’re looking at more than that right now. We’re fine- tuning our numbers with the Congressional Budget Office literally today, over the weekend. But we’re going to be cutting a lot more than that.

INTERVIEWER: So more than $4 trillion, which is a significant number, because that was the president’s debt commission cut the deficit by $4 trillion.

RYAN: Yes, we will be exceeding the goals that were put out in the president’s debt commission.

So how would a Ryan-Trump ticket play out?