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Polis and Bennet react to Obama deficit plan

In a national address today, President Obama proposed spending cuts he said would total $4 trillion over the next few years. He said he would limit growth in national defense and security spending to the rate of inflation.

Jul 31, 2020
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In a national address today, President Obama proposed spending cuts he said would total $4 trillion over the next few years. He said he would limit growth in national defense and security spending to the rate of inflation. He also proposed simplifying the tax code.
[You can read the entire speech here.](<a href=)
[
You can read what the White House says are the highlights here.](http://www.whitehouse.gov/the-press-office/2011/04/13/fact-sheet-presidents-framework-shared-prosperity-and-shared-fiscal-resp)
Senator Michael Bennet released these remarks:
“Last month, 64 Senators signed a letter to the President highlighting the need for a comprehensive deficit reduction plan that includes discretionary spending reductions, changes in entitlements and tax reform. Today, the President made clear that he wants to work toward a comprehensive plan. In the Senate, I am committed to crafting a bipartisan solution and supporting the efforts of the ‘gang of six,’ which is building on the foundation laid out by the Fiscal Commission.
“We should enact a comprehensive plan this year to signal to our markets and global competitors that we are serious about creating a more sustainable fiscal course.”
U.S. Rep. Jared Polis released this statement:
“President Obama offered a smart and balanced approach to the budget that will cut $4 trillion from the deficit while protecting Medicare, growing our economy, and creating jobs for the middle class. While there are still details of the plan to review, I am pleased that the president is restoring sanity to the debate over the deficit and rejecting Congressional Republicans’ radical plan to end Medicare as we know it.
“The president’s approach builds on the important work of the Bipartisan Fiscal Commission and the $1 trillion in deficit reduction in the President’s 2012 budget. I am particularly pleased that the president has pledged to achieve $400 billion of savings at the Pentagon, which has too long wasted taxpayer dollars on weapons systems that aren’t needed or don’t work.
“I look forward to reviewing the president’s deficit plan in full and I thank him for his leadership.”
Here is The Washington Post’s take.
Dexter Cooke

Dexter Cooke

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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide. He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina. Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations. As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all. Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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