Pages

Tuesday, April 3, 2012

President Obama Speaks on Budget at Associated Press Luncheon





WASHINGTON, DC 
Tuesday, April 3, 2012

In his keynote address at the Associated Press Luncheon today, President Obama denounced the House Republican Budget calling it
a "Trojan Horse disguised as deficit reduction plan.” 

The Republican budget plan, approved by the House last week last, cuts $5.3 trillion over the next ten years through deeps cuts in spending and entitlements.
President Obama spoke at the same Associate Press Luncheon four years ago when he was running for president. With this year’s appearance, the President joins every sitting president since Calvin Coolidge in addressing an Association Society of News Editors audience.







Obama hits hard at GOP budget plan, Romney


In what was billed a “big speech” the White House, President Barack Obama took to the podium at an Associated Press luncheon on Tuesday to hit hard at the budget put forward by House Budget Committee Chairman Paul Ryan. He called the plan, backed by the  Republican-controlled House a “Trojan horse.”


The president connected Republican presidential candidate Mitt Romney to plan – criticizing both. “He said that he’s very supportive of this new budget. And he even called it ‘marvelous,’ which is a word you don’t often hear when it comes to describing the budget.” He added, to laughter and applause, “It’s a word you don’t often hear generally.”


He also swung at congressional Republicans for their approval of the plan, saying, “Instead of moderating their views even slightly, the Republicans … have doubled down and proposed a new budget so far right it makes the ‘Contract with America’ look like the New Deal.”


Obama said the proposal “breaks our bipartisan agreement and proposes massive new cuts in annual domestic spending.” He insists that it’s “exactly the area where we’ve already cut the most.”
He called the Ryan plan a “prescription for decline” that harms future generations.

1 comment: