Obama wants common ground on budget

2011-03-05 23:20
Washington - US President Barack Obama is urging lawmakers to find common ground on a budget deal to avert a government shutdown and says he's willing to agree to steeper cuts to get there.

The president issued a call for compromise in his weekly radio and internet address on Saturday but without offering any specifics on how to bridge the $50bn gulf that divides the White House and Democratic budget proposal from the much steeper cuts offered by Republicans.

Facing a federal deficit of $1.6 trillion, Republican leaders are under pressure from conservative tea party activists to stick to a deep menu of $61bn in spending cuts for the remainder of this year that's been passed by the Republican-controlled House of Representatives.

But Obama has threatened to veto that plan, and a Democratic counter-offer of $6.5bn in cuts - on top of $4bn already signed into law -  completely restores money the Republicans in the House cut from education, health and other programmes.

The competing plans are headed for test votes in the Senate in the coming week that neither is expected to survive but that will set the stage for further negotiations.

The government is running on a stopgap spending bill that expires March 18, so the parties have until then to come up with a plan to pay for the remainder of the fiscal year through September 30.

Jobs

"We need to come together, Democrats and Republicans, around a long-term budget that sacrifices wasteful spending without sacrificing the job-creating investments in our future.

"My administration has already put forward specific cuts that meet congressional Republicans halfway. And I'm prepared to do more," said Obama, although the claim that Democrats are meeting Republicans halfway only stands up under the Democratic explanation of the intricate numbers game being played in Washington.

"But we'll only finish the job together - by sitting at the same table, working out our differences and finding common ground," the president said.

Republicans used their weekly address to reject Obama's approach on the budget.

"You may have heard President Obama say that we need to make sure 'we're living within our means'," Diane Black said in the address.

"He's right about that. Unfortunately, his budget doesn't match his words.

"It continues out-of-control spending, it adds to our $14 trillion debt and it adds to the uncertainty that makes it harder to create jobs.

"Maintaining the status quo - and refusing to offer a credible plan to cut spending - is just unacceptable and inexcusable.

"The American people want us to keep the government running while cutting its cost," Black said.


- SAPA
Read more on:    barack obama  |  us
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
/News

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Deal of the week!

Petrol generators from R1399, save up to R350. While stocks last. Shop now!

30% off Pampers!

Save 30% when you buy 3 or more selected pampers products. While stocks last. Shop now!

This week only - 30% off books!

Get 30% off when you buy 2 or more books. Many titles to choose from. While stocks last. Shop now!

New range of Samsung smartphones!

Samsung Galaxy A3, A5 and Alpha now available at kalahari.com. while stocks last. Shop now!

Buy 3 eBooks & only pay for 2!

The cheapest of the 3 titles will be free. Many more titles to choose from. While stocks last. Shop now!

Horoscopes
Aquarius
Aquarius

You tend to feel more comfortable on an intellectual level. The deep emotional under current today can make you feel a little...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.