Obama says U.S. can't afford more sho...

Obama says U.S. can't afford more showdowns over debt, deficits

Posted in the Minneapolis Forum


Minneapolis, MN

#1 Jan 5, 2013
Obama says U.S. can't afford more showdowns over debt, deficits

Source: Reuters

Fresh from the long legislative fight to prevent a "fiscal cliff" of tax hikes and spending cuts, President Barack Obama warned on Saturday that the United States could not afford further budget showdowns this year or in the future.

Obama, who returned to Hawaii for a family vacation shortly after the House of Representatives passed a compromise bill on Tuesday, said in his weekly radio and Internet address that the new law was just one step toward fixing the country's fiscal and economic problems.

"We still need to do more to put Americans back to work while also putting this country on a path to pay down its debt, and our economy can't afford more protracted showdowns or manufactured crises along the way," he said in the address, broadcast on Saturday.

"Because even as our businesses created 2 million new jobs last year - including 168,000 new jobs last month - the messy brinkmanship in Congress made business owners more uncertain and consumers less confident."

Read more: http://www.reuters.com/article/2013/01/05/us-...

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Minneapolis Discussions

Title Updated Last By Comments
Police investigate 5 separate shootings in Milw... 2 hr crunch 27
Subways jared a pedophile? 4 hr Sangelia 18
Question for Trump Critics: What If Kathryn Ste... 4 hr Little Boy Blue 11
donald trump slams jebs wife 4 hr Little Boy Blue 9
Remove obama, arrest hillary, jail bernie 4 hr Little Boy Blue 3
US Womens Soccer 4 hr Little Boy Blue 24
South Carolina 4 hr Little Boy Blue 20
More from around the web

Minneapolis People Search

Addresses and phone numbers for FREE

Personal Finance

Minneapolis Mortgages