Business Breaking News

The Canadian Press - ONLINE EDITION

Obama says he won't 'chase a balanced budget just for the sake of balance'

By: Josh Lederman, The Associated Press

Tuesday, Mar. 12, 2013 at 6:09 PM | Comments: 0

WASHINGTON - President Barack Obama is criticizing a proposed House Republican budget, saying it would turn Medicare into a voucher-like program, cut deeply into programs such as Medicaid and increase tax payments by the middle class in order to achieve promised lower tax rates.

Asked in an ABC World News interview Tuesday whether he will propose a budget that balances in 10 years, Obama said he would not.

He said his "goal is not to chase a balanced budget just for the sake of balance." He said he wants to improve the economy and put people in jobs. "If we do that we are going to be bringing in more revenue," he said.

He said Republican House Budget Committee Chairman Paul Ryan's budget reprises budgets he has proposed before.

Rate this
This article has not yet been rated.

We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

You can also register and/or login to the site and join the conversation by leaving a comment.

Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Comments

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Comment

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.