April 14, 2011
In his major fiscal address today, which called for tax increases, military budget cuts, and entitlement reforms, President Barack Obama said government entitlements make America great.
“‘There but for the grace of God go I,’ we say to ourselves, and so we contribute to programs like Medicare and Social Security, which guarantee us health care and a measure of basic income after a lifetime of hard work; unemployment insurance, which protects us against unexpected job loss; and Medicaid, which provides care for millions of seniors in nursing homes, poor children, and those with disabilities,” Obama said. “We are a better country because of these commitments. I’ll go further – we would not be a great country without those commitments.”
In his speech at George Washington University, which was broadcast nationwide, Obama announced a four-step plan to cut $4 trillion over 12 years, and harshly criticized a plan by House Budget Committee Chairman Paul Ryan (R-Wisc.) released last week that calls for $6 trillion in deficit reduction over 10 years and entitlement reform.
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