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Federal Deficit

Federal Deficit

Chip Somodevilla, Getty Images
Chip Somodevilla, Getty Images
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President Obama Reveals $3 Trillion Plan to Cut the Deficit [VIDEO]

In a speech given from the White House Rose Garden on Monday, President Obama proposed a $3 trillion plan to cut the deficit, with half of that amount covered by increased taxes on the wealthy and another $800 million financed by letting the Bush-era tax cuts expire.

“If we are going to make spending cuts… then it is only right we ask everyone to pay their fair share … We can’t afford these special lower rates for the wealthy. We can’t afford them when we are running these big deficits,” he said.

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House Speaker John Boehner (R-OH) (Chip Somodevilla/Getty)
House Speaker John Boehner (R-OH) (Chip Somodevilla/Getty)
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Commentary: GOP Leadership Never Took Deficit Reduction Seriously

In an attempt to appear principled and resolved, Mitch McConnell contended as recently as July 12 that “As long as this president is in the Oval Office, a real solution is attainable.” Yet in light of the realities of the debt limit increase subsequently supported by himself and Speaker Boehner, abetted by their insipid and purely symbolic plans to reduce spending… someday, it is obvious that no fix is possible as long as the current Republican “leadership” or their accommodating minions remain in the Congress.

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Joan Evans Dr. of Wyo. Workforce Services
Joan Evans Dr. of Wyo. Workforce Services
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Today It’s About Jobs…And Then The Deficit…In The Morning Zone

Today in The Morning Zone, Joan Evans, Director of Wyoming Workforce Services guests in the 8:07AM segment. She will have a chance to chat with Dave about Workforce Development in Wyoming and the newly reorganized Department of Employment and Workforce Services.
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