Obama ratchets up pressure on Republicans |
| Financial Times - Jul 11, 2011 |
President Barack Obama ratcheted up the pressure on Republicans in tense budget talks, saying that the time had come for them to match their rhetoric on America’s looming fiscal crisis with action on a politically difficult $4,000bn fiscal deal.
At a press conference on Monday ahead of the latest round of negotiations with congressional leaders, Mr Obama said he was prepared to take “significant heat” from his own Democratic party for making changes to entitlement programmes such as Medicare and Social Security, and expected Republicans – who oppose new revenue increases – to do the same.
“We keep on talking about this stuff, and, you know, we have these high-minded pronouncements about how we’ve got to get control of the deficit and how we owe it to our children and our grandchildren. Well, let’s step up. Let’s do it,” Mr Obama said.
Read Full Article from Financial Times
- Posted: 2011-07-11 13:15:55
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