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February 8th, 2011
04:56 PM ET

Pres. Obama get serious about deficit in his budget?

FROM CNN's Jack Cafferty:

The U.S. is headed for fiscal disaster... and Washington may just watch while the ship goes down.

As President Obama gets ready to present his budget next week, it's unclear if he'll propose the tough cuts necessary to start turning things around.

We are in big trouble.

The national debt now tops $14 trillion dollars, and there's another $1.5 trillion deficit projected for this year.

And while everybody in Washington talks about cutting the deficits, no one really seems to mean it. Plus the public is partly to blame, as well. Polls show nearly 80 percent of Americans say it's more important to prevent cuts in Social Security, Medicare, and Medicaid than to reduce the deficit.

So where are our leaders on this critical issue? President Obama all but ignored his own deficit commission. And the midterms caused everybody to look the other way.

Now A bipartisan group of senators is pushing to revive key elements of the commission's plan to cut deficits by $4 trillion in the next 10 years. But with a presidential election looming on the horizon - it will be a tough sell.

Experts suggest if the president wants to get serious, he needs to be specific in his upcoming budget... like setting targets for how much the government will cut. If Congress doesn't meet these targets, then across-the-board spending cuts should kick in.

Meanwhile, as Congress and the president sit on their hands when it comes to government spending, governors are setting a good example. They're slashing budgets, firing people, cutting programs - you know, "REAL" cost cutting.

But when it comes to the federal government, all we get is talk.

Here’s my question to you: Will President Obama get serious about the deficit when he presents his budget?

Interested to know which ones made it on air?

A Vanishing American writes:
It doesn't matter whether he gets serious or not. Massive cuts in all government agencies are necessary and Congress will never do anything that will address the root of our financial problems. Thomas Jefferson thought there were too many parasites riding on the backs of the productive in his time. Wonder what he would have to say if he were around today?

John in Alabama writes:
Jack, I believe President Obama wants to get serious about the deficit, but it is hard when the Republicans want to give tax cuts to billionaires, like Gates and Buffet. If everyone were serious about the deficit, there would be no tax cuts for anyone.

Craig writes:
Most people would think that getting serious about deficit reduction means that the president would act quickly and decisively to reduce it. Not this president. He just keeps piling on more debt and blaming everyone else for it! Wake up, taxpayers. You are being scammed.

Bruce in Philadelphia writes:
The indicator will be whether he cuts funding dramatically for our military expansion and imperialism. Cutting foreign aid, particularly for Israel, is also an indicator.

Lorne in California writes:
No doubt President Obama will act with all the serious certitude of the farmer whose horse has escaped. He'll focus on shutting the barn door. A prudent decision to be sure; deficits, like horses, tend to run away and barns don't.

Ron writes:
He's not serious; he is trying to buy a re-election in 2012. I don't think it will work.

Mark writes:
President Obama has never met a dollar that he doesn't want to spend.


Filed under: Budget cuts • Deficit • President Barack Obama
soundoff (147 Responses)
  1. Rick McDaniel

    His budget will include a lot of new spending proposals, which the house will have to deny.

    February 8, 2011 at 1:33 pm |
  2. Simon, Orlando

    Not a chance. He is thoroughly dedicated to destroying the America economy so he can bring everything under government control.

    February 8, 2011 at 1:37 pm |
  3. Jayne

    There are 2 sides to every coin and 1 side has already failed in the effort to decrease the deficit. We will never erase our massive debt unless taxes are raised. Nickel and diming Grandma's Social Security and Medicare won't make a dent.

    February 8, 2011 at 1:43 pm |
  4. Ray E. (Georgia)

    No, I don't think so. On the Bill O'rielly interview at the Super Bowl Obama said he wasn't about to let any one go bankrupt over a health care issue. So it's still run up the debt and dam the torpedoes. The voter's said one thing, Obama says something else. In the words of that famous statesman, we had all better hang together or we will all hang seperately. Make that go completely bankrupt. I still see the 1930's ahead. ???

    February 8, 2011 at 1:44 pm |
  5. Ron

    No,he will not.

    February 8, 2011 at 1:48 pm |
  6. Toni

    Hell no!!! He extended the tax cuts to the rich, Jack! That added to the deficit! Does that look like someone who is serious?? I think not!

    South Carolina

    February 8, 2011 at 1:51 pm |
  7. Bradley, Portland, OR

    No, he won't get serious about the deficit.

    Remember, a deficit is caused by spending more than your income.

    In December, he rolled over to Republican demands for tax cuts for the wealthy and cut the government's income by almost a trillion dollars.

    Which in one fell swoop made the the deficit much worse.

    If he doesn't have a proposal to recoup that lost income, then in order to reduce the deficit, he'll have to push for massive spending cuts that would severely damage the country.

    So no, he's apparently not serious about the deficit. But then again, neither are the Republicans, or they wouldn't have raised the deficit by a trillion dollars for their wealthy benefactors.

    February 8, 2011 at 1:53 pm |
  8. Gerry

    Not a chance. This is a tax & spend administration with no intent on cutting the deficit. As an example, the $52 Billion for high speed rail is money down a rat hole. If it wasn't for freight our railroads would go the way of the stagecoach. Obama's Air Czar should check the air in Washington. These people are so far from reality its pahetic.

    Gerry
    Arizona

    February 8, 2011 at 1:53 pm |
  9. Ron

    Now he is wanting to have a giveaway to the states for unemployment
    and medicaid. He is not serious at all.

    February 8, 2011 at 1:55 pm |
  10. Ron

    Not serious. He is trying to buy a reelection in 2012.
    I don;t think it will work.

    February 8, 2011 at 1:58 pm |
  11. CraigC

    Most people would think that getting serious about deficit reduction means that the President would act quickly and decisively to reduce it!!!! Not this President. He just keeps piling on more debt and blaming everyone else for it! Wake up taxpayers. You are being scammed!

    February 8, 2011 at 2:19 pm |
  12. Mark Eades

    President Obama has never met a dollar that don't exist that he doesn't want to spend.

    February 8, 2011 at 2:19 pm |
  13. Craig R. McNees

    tampa, fl the day these clowns start to get serious about our tax dollars is the day they start ending unlimited use of taxpayer funded airplanes and stop serving booze on them for free. just why do we need to give these clowns marble buildings, mahogany desks and fully stocked liquor cabinets in their offices too? our politicians can video conference or we could start making them work out of surplus army tents.

    February 8, 2011 at 2:22 pm |
  14. Ed from California

    How can he when the Democratic introduced bill to end corporate tax loopholes from shipping American jobs overseas. This bill was stopped at the urging of the American "Chamber of Commerce" members and their "employees", the Republicant's. This just happened in this previous Congress.

    The president needs to slash the budget of the Congress. Cut their salaries in half, no more paid benefits, cut their pensions. And in order to get a pension, you need thirty years in office. And how about a full workweek for our employees.

    Now, Boehner and his friends work two weeks a month, then off a week, work two, off one. Nice if you can get it, and they are. The federal government gets the majority of the operating budget from the U.S Taxpayer, who by the way is an endangered species. A very small amount of taxes comes in from the U.S. corporations.

    If America doesn't get back to work and soon, we will be saluting the Chinese flag, or perhaps, we'll see the Egyptian uprising here.

    February 8, 2011 at 2:23 pm |
  15. Steve, New York

    He'll never will get serious. He and the Democrats will blame it on the Republicans for all the problems. . Remember the Democrats took over both houses of congress in 2006 and it's been downhill ever since. The blame was Bush. Today the Republicans control only one house of Congress. Guess what it's all Republicans fault, yet 2/3 of the government is contolled by the Democrats. . Why can't the press see this and point out the lies and the smoke to the people. Democrats are good in blaming somebody else for their problems, they are good at it and their followers get snookered all the time.

    February 8, 2011 at 2:25 pm |
  16. Tom Bulger, Canandaigua

    It doesn't take a Nobel winning economist to understand that there are two ways of correcting a deficit.

    The first is to stop spending. We have gone overboard in that direction to the point of economic stagnation.

    The second is to earn more money. That means reversing the Bush policy of sending our jobs to China and crushing America's middle class.

    February 8, 2011 at 2:28 pm |
  17. Peg from N.Y.

    If he has any interest in getting re-elected he will!

    February 8, 2011 at 2:40 pm |
  18. Loren, Chicago

    If he doesn't, then he's decided he doesn't want to be reelected. Attacking the budget deficit wouldn't be pandering to gain votes, it would be doing what I had hoped he would do – govern with the best interests of the country in mind. We cannot continue to mortgage our future for limited short term gains.

    February 8, 2011 at 2:41 pm |
  19. Russ in PA

    I don't expect to see anything of worth come from Obama's budget. Look at anything that he – and his fellow Democrats and Republicans – has done for decades: more spending, more nonsense regulation, more intrusion in our lives. And for what? Who, except for the select few, are better off for it? Certainly not the average middle-class American.

    You all should have voted for Ron Paul when you had the chance! Ron Paul in 2012...

    February 8, 2011 at 2:45 pm |
  20. Joanne B

    How can Obama get serious....he does not understand the economy, deficit, or debt. He's never owned a business, and does it ever show.
    An incompetent.
    Joanne
    Mn

    February 8, 2011 at 2:48 pm |
  21. RETIRED OFFICER - MICHAEL FROM OHIO

    President Obama talks a great game but does nothing with an immediate effect that might damage his chances for re-election. Even the minimal cuts he talks about would be to take effect in 2014 or 2015.

    If my family had a similar debt, I'd cut spending drastically and immediately. Forget about billions more spending for high speed trains and waivers, Health Care, U.S. troops in Europe and Foreign Aid. Time to limit spending to the essentials ONLY.

    February 8, 2011 at 2:49 pm |
  22. Ron in Ohio

    Jack, economists will tell you that deficits are not the evil thing we make them out to be. Yes, they will also tell to not go overboard and that economies need stimulus from time to time and then we should pay down the deficit. Remember, the President inherited most of the deficit from the Republicans starting with Reagan. Clinton reduced it and then the Bushes raised it. We must proceed carefully. The Tea Party is seeking to gut the government just so they can brag. The President is proceeding in a presidential manner in contrast. Cut all budgets- all of them- five percent across the board. The President knows the economy is still fragile so proceed slowly, but do proceed.

    February 8, 2011 at 2:56 pm |
  23. Rich McKinney, Texas

    No Jack he won't. This is just more lip service. Obama Spends a couple of trillion dollars that we must borrow from China and then promises to shave a few million out of the budget. Economics apparently was not his strong suit. Does the man not even know what the hell a TRILLION is? That is a One followed by 12 zero's. A million million.

    February 8, 2011 at 3:00 pm |
  24. Wilhelm von Nord Bach

    you sure like to carp at Obama, Cafferty. like he's the ONLY player in Washington?

    WHY is the question NOT "when will the new Republican Congress get serious about the deficit"? it takes "two to tango" in Washington and these Republicans, for all their talk, have done NOTHING since they took over the House.. NOTHING on JOBS and NOTHING on the DEFICIT (other than threaten seniors with cuts to their Social Security and Medicare)

    February 8, 2011 at 3:01 pm |
  25. John from Alabama

    Jack: I believe President Obama wants to get serious about the deficit, but it is hard when the Republicans want to give taxcuts to billionaires, such as, Gates and Buffet. If everyone were serious about the deficit there would be no taxcuts for anyone. No taxcuts means we pay down the deficit in 5 years. The Republicans want to cut the budget by 100 billion dollars which is a drop in the big bucket of government.. Let us get real, please.

    February 8, 2011 at 3:07 pm |
  26. Bud Rupert

    I guess we've heard it enough Jack that until these poltiicians tackle the expenditures in Social Security and Midicare any cuts is just nibbling at the edges. Smoke and mirrow's as they say. So NO, not much will happen.
    What he may want to do is get the heck out of Af. and Iraq. That would save a bundle

    February 8, 2011 at 3:12 pm |
  27. se in fl

    I personally can't take anyone serious who thinks that a deficit can be handled by handing out unneccessary and totally ineffective tax cuts. Until we handle the lack of "redistribution of wealth" we're headed for corporate fuedalism. We can't balance America's budget by eliminating its viability. Someone needs to send Alan Simpson back to the world of cartoon charachters where he belongs.

    February 8, 2011 at 3:20 pm |
  28. Sylvia from San Diego

    America, get ready for a new tax called VAT (Value Added Tax). This new tax will move us toward taxation that is comparable to what we see in the UK (60%). In simple terms, if you make $100,000 a year, the government gets $60,000 and you get $40,000. I just can't wait to give them more money to blow!!

    February 8, 2011 at 3:21 pm |
  29. Michael "C" Lorton, Virginia

    Jack: Honestly, I don't think that Obama has the slightest idea of what a budget is. He is in "strategic retreat." Obama continues to embraced the old trade policies, backed away from confronting China, brought in JP Morgan Chase's chief lobbyist into the White House as chief of staff, and GE's CEO as leading economic adviser. The old economy is reasserting itself, with pleas to corporate patriotism to change it. We cannot go back to the kind of economy - and culture - we saw in the years leading up to the recession, where growth and gains in productivity just didn't translate into rising incomes and opportunity for the middle class.

    February 8, 2011 at 3:27 pm |
  30. chris

    nope he and congress is not serious about it this question gets ask over and over again and nothing gets done about we taxpayers know there is billions and billions in wasteevery year but nothign gets done they congress and the president and past presidents turn the other cheek and blow it off

    February 8, 2011 at 3:40 pm |
  31. Bill, South Texas

    Jack,
    Budget cuts?
    Military and related spending is over 50% of the budget.
    The DEA is a failed operation causing us and Mexico problems.
    U. S. Bureau of Prisons is a bloated over populated agency.
    Internal Revenue Service cash payments to corporations costs billions.
    These will NOT be "on the table" for cuts.

    No, no one is serious about saving tax payer dollars, least of all those dependent on corporate donations (bribes).

    February 8, 2011 at 3:44 pm |
  32. Louis

    I think serious is when there is a desire and drive to reduce foreign aid and billions to some other countries, some of whom hate the US. But all we hear about is cutting social security, medicare, medicaid, schools, school lunches, veterans, etc. When will we see some serious discussion about these kinds of reductions, at least until the US gets financially healthy again?

    February 8, 2011 at 3:48 pm |
  33. Jack - Lancaster, Ohio

    Mr. Cafferty:

    Who knows whether or not the President will get serious about the spending amputations necessary to save the corporeal body of the republic. It is one thing to cut the fantastic, incompetant and wasteful spending of a cancerous growth of government, and quite another to cut medicade, medicare, and social security benefits especially of those who have paid into it and earned the benefits. Even here those defrauding the system are not hurt by across the board cuts nearly as much as those now needing the meager benefits of those "entitlements"! You're right Mr. Cafferty, were in big trouble.

    February 8, 2011 at 3:53 pm |
  34. Dee in New Paris Ohio

    I am sure the President would love to get serious about deficit spending.

    However, since there is only ONE WAY to stop deficit spending, and since just about EVERYONE is against that method of clearing our deficits, I doubt he will make too many waves.

    The ONLY way to fix deficit spending is to (1) spend less and (2) take in more. Since the only way the government has of taking in more is through the taxation process, and since the American people DEMAND all the services the government provides, it appears that deficit spending will be with us through the Obama aministration, and all others following this. That is, until we are totally bankrupt and either have to default on everything, or start collecting enough in taxes to pay for what we want the government to do for us!

    February 8, 2011 at 4:05 pm |
  35. Donna from Wisconsin

    I think he will. But what would really resonate for the American people is cutting the salaries of members of Congress, making them pay for part of their 100% healthcare coverage like the rest of us, paying into Social Security and forgoing that awesome retirement package they get of pay and healthcare for life. But if you voted for these right-wingers then you have top live with their 'social' cuts, instead of making the rich pay more. It is SOOOOO easy to take away from the poor. They don't vote often.

    February 8, 2011 at 4:05 pm |
  36. Lori - PA

    Jack,

    Everyone, and by that I mean the President, members of Congress and the Senate, as well as voters, needs to get serious about the deficit. If we don’t make, and implement, the tough decisions now, how much longer before we get to the point of no return?

    February 8, 2011 at 4:06 pm |
  37. Jim, Citrus Springs, Florida

    Jack,

    He has us almost on ours knees, why would he not bury us like he has wanted all along.

    Now his real intentions will be out in the open.

    I feel sorry for the future generations for what we have done.
    His dad will be very proud of his son!

    Jim

    February 8, 2011 at 4:07 pm |
  38. Chris from NY

    Why anyone would think President Obama is not serious about deficit reduction is beyond me. This man ran on reducing the deficit so our children which also include his, would not be left with such debt. President Obama has been able to fulfill most of his camapaign promises. and I think he will get to this one too.

    February 8, 2011 at 4:11 pm |
  39. Ken from Pinon Hills, California

    The President can be serious but it is Congress who spends and borrows the money. As for our Congress, they probably don't have many members intelligent enough to grasp and solve the problem.
    Maybe, they were put in office by an electorate that behaves the way they do,borrowing and spending like there is no tomorrow. Evidence of that, there is no outcry from an indebted public to fix the deficit.

    February 8, 2011 at 4:13 pm |
  40. Steve, Clifton, VA

    Absolutely! Now that he has dealt with the the recession/depression that he inherited, he can now focus on the deficit,

    February 8, 2011 at 4:13 pm |
  41. Remo, from beautiful downtown Pflugerville Texas

    Jack, he'll appoint some committee and then dismiss their findings. He'll then complain about not having a life and then go to some factory and tell everyone that corporate America is the problem. In the meantime his appointed committee will be outsourced across one of the oceans never to be heard from again. Well, Jack, you did ask the question....

    February 8, 2011 at 4:19 pm |
  42. Pete in Georgia

    You know Jack, to even TALK about the Federal Gov't. having a "Budget" is kind of hysterical, don't you think ??
    In that context......................what meaning does the word actually have ??

    February 8, 2011 at 4:25 pm |
  43. Annie, Atlanta

    Correct me if I'm wrong, but isn't it dangerous to reign in spending during a depression/recession? Why are we only told to worry about spending when a Democrat is in the White House, but never when a Republican is there? Have you noticed this, too?

    February 8, 2011 at 4:31 pm |
  44. Jerry: Johns Creek, GA

    Jack, our generation let the knit wits in Washington totally screw up Social Security and Medicare. I think our generation should be the one to pay and not pass this mess on to our children and grandchildren. Cuts in all entitlements must be made. Is the President serious about fixing the problem? Well, no, it just makes for good campaign speeches and political maneuvering so he can blame non-Democrats for the problems. If he were serious he would establish bipartisan committees that would be charged with eliminating the horrendous amount of duplication between government agencies. Who is actually more entitled, a person on social Security or a federal employee? Also, we can no longer afford to be the protectors of the world. Our troops not currently engaged in conflict, must come home. Why have a base in Germany?

    February 8, 2011 at 4:40 pm |
  45. kim smith, Dodge City, Ks.

    Seroius? As in enforceable legislation? Or as in serious protection for the Wall Street and Corporate carpetbaggers? Remember this; one man's deficit is another man's cash flow. As in any crimminal dealings, just follow the money and you'll find your answer.

    February 8, 2011 at 4:43 pm |
  46. Ray in Knoxville

    Jack,

    President Obama came into office and had to spend money to keep this economy from totally collapsing. While we haven't completely recovered, it's now time for him to start working on keeping this government from totally collapsing under our own debt. By the way, it's also time for the middle and working classes to start seeing the benefits from pandering to the rich, you know, the ones President Reagan told us we would receive.

    February 8, 2011 at 4:44 pm |
  47. Randy Tucson, AZ

    In a word, NO. Neither President Obama, nor any other politician is serious about cutting the deficit, because it would require sacrifice on the part of each of us, Americans, and we are in no mood to pay more taxes or give up any benifits. Presidents and ALL Politicians, are trying to continually win a popularity contest, and most of us vote for what is best for me, not best for my Country. Maybe it is time for us to remember the words of JFK, when he said, "Ask not what your country can do for you, but what you can do for your Country." It is past time for each of us to have this attitude.

    February 8, 2011 at 4:44 pm |
  48. Roman, Butler, Pa

    Its quite a dilemma we've gotten ourselves into. You made mention about the states cutting back. There cutbacks more often or not effect poor people, not the rich. The ones who put us in this mess. All you have to do is look at the extention of the Bush tax cuts and the cut off mark, on what wealthy people pay into social security.
    And, these cut backs the states are making, add to the unemployment lines. The Bush tax cuts were not needed. If that was nicked then I would say we're serious about cutting the budget. But, it wasnt. And, we still got this mess to clean up in Iraq and Afghanistan.
    Ya know, at the Super Bowl they turned the cameras on George Bush and the crowd cheers. A man that started a war for oil and broke the piggy bank. Go figure. We are a lost group of people.

    February 8, 2011 at 4:46 pm |
  49. Diane Dagenais Turbide

    Meanwhile, as Congress and the president sit on their hands when it comes to government spending, governors are setting a good example. They're slashing budgets, firing people, cutting programs – you know, "REAL" cost cutting.

    Jack,
    really! Look at the cuts from Florida new Governor cutting government jobs. His answer to the question that his job cutting would put more people unemployed was that not really since these jobs are vacant! Well, if these jobs are vacant then where are the real savings!

    February 8, 2011 at 4:51 pm |
  50. Terry- Greensburg, IN "Hoosier Hillbilly"

    Polls show nearly 80 percent of Americans say it's more important to prevent cuts in Social Security, Medicare, and Medicaid than to reduce the deficit.

    Now 'U' know 'i'd go along with that even though 'i' know it's going to happen – 'i' don't feel like "WE" aren't gettin anything "WE" didn't deserve- LIKE ( who) made this nation what it is today – "BABYBOOMERS!"! right?"

    Obama just said he was going to spend around 66 Million on mass fast rail TOO TOOS! what'ya think about that?

    February 8, 2011 at 4:53 pm |
  51. Greg of Mechanicsburg PA

    Obama will present a budget that reflects America's desires. Whether that is clear enough is in the eye of the beholder. It is up to Congress to pass the budget and it is doubtful that Boehner and the Republicans are prepared for more specifics budget cuts than the president already proposes.

    February 8, 2011 at 4:54 pm |
  52. Alex in Bremerton, WA

    Washington has been watching and doing nothing since 2000! VP Cheney famously said, "Deficits don't matter." as the Bush Administration doubled the national debt to over $10 trillion and nobody said anything as the debt ceiling was routinely raised 5 times. Then the economy tanked and Treasury Secretary Paulson asked for a trillion dollars to fix it and he got most of it and gave it to his investment banker buddies as TARP. Now there is a Democrat in the White House trying to fix this mess and suddenly deficits matter. Pres. Obama could have done nothing to stimulate a recovery like Hoover did, but he chose to help the economy even though the GOP left him an empty piggy bank.

    February 8, 2011 at 4:54 pm |
  53. Curt, Avon, Indiana

    Jack,

    Stop fighting two senseless wars and save what is left of our country.

    February 8, 2011 at 4:55 pm |
  54. james in greenville nc

    Jack, I think President Obama will do just enough to secure reelection. His deficit reduction will resemble Ali's famous "rope-a-dope" strategy that Ali used against George Foreman in the Rumble in the Jungle match. Just lean on the ropes until the Republicans punch themselves out.

    February 8, 2011 at 4:57 pm |
  55. Pat in Michigan

    Well we will know when the "Rubber meets the road " so to speak. I do think he should cancel his insurance program and just make it so no one can be denied coverage for a maximum specified amount.Everything else should be on the block including cancelling pay for elected representatives.
    Also No health insurance or social security for elected officials as well.Let's start there .!!!!

    February 8, 2011 at 4:59 pm |
  56. Ray in Knoxville

    Sure we're waiting for the government to begin making cuts, but we're also still waiting for the jobs we were promised when the rich got their tax breaks and the good times that we all would feel when President Reagan sold the country on trickle down economics.

    February 8, 2011 at 5:02 pm |
  57. Adam Simi Valley, CA

    Sure he will, Jack, That's why the administration just came out with a plan to spend tens of billions more on a highspeed rail system that noone will use and create another economic black hole to funnel taxpayer money to unions. I am sure the next thing he will request will be another increase in the debt ceiling. They are usurping every control in place in search of the utopian society. This is why government powers were meant to be limited. There's no sinister plot to deliberately destroy our country, but the road to hell is littered with good intentions. The temperature is rising

    February 8, 2011 at 5:06 pm |
  58. Olga

    I had to go back to your article and read twice on what 80% of the people that did not want Medicare, Social Security and Medicaid cuts to reduce the deficit...

    After working people paid into the fund to have a dismal, at best, old age livelihood, we are expected to relish further cuts?

    The question ought to be: Why can't we find more creative ways to reduce the deficit? People who smoke, drink, buy guns, luxury items, exorbitant political benefits and retirement packages, plus we foot the bill for their health care are not charged higher taxes. Big business executives earn(?) criminal bonuses and dismal tax responsibility even though they can afford a higher tax bracket and we sit here wanting to take from the poor, old, the sick, the widow and the orphans food, medicine and education and call this All-American?

    I am so glad I am 70 and not long for this insidious, sick world!

    Olga
    Austin, Tx

    February 8, 2011 at 5:11 pm |
  59. Chuck / La Garita, CO

    Jack, if it takes cutting Social Security, Medicaid and Medicare so be it. We do not need to just cut everybody off.....How about if everyone who has a retirement income of over 100K (over and above Social Security) give up
    the government check! America is way too greedy to even accept this. The rich, and a 100K income at retirement is very rich, only want to take more
    from the middle class and lower. Just look at the rich person revolt when we wanted them to pay a fair share last year. Everyone seems to be locked into "what about mine", even our leaders.

    February 8, 2011 at 5:12 pm |
  60. Mike in Denver

    Obama is a politician, and the current batch of politicians just ignore the sinking ship. When they are floating in the mess they created, they will find a way out for themselves. I just hope the rest of us don't go down with the ship.

    February 8, 2011 at 5:15 pm |
  61. katiec Pekin, IL

    Of course he is, Jack. He realizes how serious the problem is, but, when having to contend with a political party that wants to victimize middle class, continue with every perk possibly available for Wall St, big business, the wealthy, then it is hard to get justifiable reductions.
    Social Security should not even be the issue.
    If the waste, politicians staff etc were cut, this could save our country a substantial amount.
    Reducing debt can be accomplished, once ethics, integrity and true accountability returns to those elected to represent ALL of us.

    February 8, 2011 at 5:21 pm |
  62. Gigi Oregon

    He'll be forced to get things done. The Republican way, and pass it on to the tax payer and their grandchildren. If you think unemployment is high now wait till we start cutting budgets and laying off people. "Thanks you Republicans" for running up the debt again and allowing corporate America to run crazy. Now the Democrats get to clean up another mess. An let the middle and lower class tax payers get deeper in debt. It makes me think of taxation without representation. All I see is more unemployment. But don't worry the Republicans will make sure our representatives in government get another pay raise this year. I betcha!

    February 8, 2011 at 5:22 pm |
  63. Mike in Denver

    Biden now wants to spend $53 Billion on trains. I wonder if Obama can cut faster than Biden and the rest of his administration can spend.

    February 8, 2011 at 5:23 pm |
  64. David, Vancouver, British Columbia

    Getting serious about the deficit is a luxury a president looking to 2012 cannot afford. Cutting Social Security/Medicare loses Obama the electorate’s fastest-growing demographic; trimming education alienates voters with kids; cutting defense ticks off powerful lobbyists with money to spend on negative ads. But, not to worry, there will be plenty more to trim when he's re-elected.

    February 8, 2011 at 5:25 pm |
  65. Ashera, Canada

    Roll back both House salaries back 30%, remove any all bonuses, expense accounts, and anything else from there fat pockets! Let them start living like a real American citizen: also, remove any/all lobbyist from the halls of all government levels. Let see if anyone of them can survive. Revise the IRS Tax Forms, to a flat tax system, remove any/all loop holes for the top corporate crowd. Dictatorship is alive and well in America, by the Corporate Greed Group Lobbyists! Wall Street, Pharmaceuticals, Oil, Gas, Mine,Lawyers, CEO, COO, CFO, etc., the list is enlist, but just a few floaters at the top.

    February 8, 2011 at 5:26 pm |
  66. Christine - Boston, MA

    Jack, I think I heard today that there may be a "Slurpee Summit" to discuss the tough cuts this week. Could "Date Night" at the State of the Union be paying off? One could only hope – but am not holding my breath. GOP is chomping at the bit to squeeze out any funding for healthcare and yes, there is that yellow brick road to the White House looming on the horizon.

    February 8, 2011 at 5:29 pm |
  67. Joshua Dinsmore

    I'm sure that whatever the president presents in his budget will be the right thing for the people. He will most likely not ignore the deficit and put some kind of cuts in the budget. The real question is... what?

    February 8, 2011 at 5:34 pm |
  68. A vanishing American

    It doesn't matter whether he gets serious or not. Massive cuts in all government agencies are necessary and congress will never do anything that will address the root of our finacial problems. Thomas Jefferson thought there were too many parasites riding on the backs of the productive in his time. Wonder what he would have to say if he were around today?

    February 8, 2011 at 5:37 pm |
  69. Kirk (Apple Valley, MN)

    Your guess is as good as mine. Given his past, I doubt it. Unfortunately, Obama has turned into just another POTUS who cares more about his job (i.e., he wants to get re-elected to another 4 years) than he does about his country or the people in it. But then that goes for the GOP as well. Most care only for getting re-elected and seldom do the hard things that need to be done because it will piss of the American voter. The Tea Baggers may have the right idea, but they'd cut off their leg just because they have an ingrown toenail.

    February 8, 2011 at 5:38 pm |
  70. Steve

    I think you will be surprised by what he will propose..You know, its so crappy that the Repubs did the drug benefit and 2 wars off the books. They then proceeded to oversee the biggest transfer of taxpayer dollars to the private sector ever under the guise of Homeland Security, war contracts and the like....Now they have found Jesus...Jack, it wouldn't matter if he turned water into diamonds, they are not going to agree with him no matter what...

    February 8, 2011 at 5:39 pm |
  71. Jim

    Jack,

    It wasn't Obama who caused this mess. Every spending cut will hurt somebody and the President and Congress will take the blame. That's just the way it is. At least Obama is making some symbolic moves like freezing government pay and asking Congress for bipartisan debate on serious cost-cutting strategies. And the Republicans? Their credibility went out the window when they held the Bush tax cuts hostage demanding an extension of cuts for the wealthiest 2%. Reducing the deficit is the most important thing for them, next to everything else. Stop trying to shove all the blame on Obama.

    Jim
    Reno, Nevada

    February 8, 2011 at 5:40 pm |
  72. Minesh - Troy, MI

    No way, Jack. Obama is touting more jobless aid to states and runaway train project type expenditures. He has the country's credit card and he is on a spending binge because he does not have to pay for any of it.

    February 8, 2011 at 5:43 pm |
  73. Ralph Spyer

    The federal government is like a drug addict when it comes to spending our money.Politicans come to do good and stay to do well

    February 8, 2011 at 5:44 pm |
  74. Dennis north Carolina

    Jack, you sound like a republican. I wish Obama from the start had let the banks fail, let the housing indusrty fail and the car companies fail so you all can see what a third world country is alike. now he should let the republican slash government spending so that the servicies that the people are expecting are not in place and let the states fail so we have no government in place. the people forget that the republians are the ones that put our country in this position and debt. Yes, Obama is in office now but he did not put our country in this condition.

    February 8, 2011 at 5:44 pm |
  75. cal

    No. grat talk no action.

    February 8, 2011 at 5:45 pm |
  76. Eric - Fort Collins, CO

    Sorry Jack, not a chance. He truly believes he can spend his way out of debt.

    February 8, 2011 at 5:53 pm |
  77. Bruce

    The indicator will be whether he cuts funding dramatically for our military expansion and imperialism. Cutting foreign aid, particularly for Israel, is also an indicator.

    February 8, 2011 at 5:53 pm |
  78. Lorne, San Luis Obispo, California

    No doubt, President Obama will act with all the serious certitude of the farmer whose horse has escaped. He'll focus on shutting the barn door. A prudent decision to be sure, as deficits like horses tend to run away, and barns don't.

    February 8, 2011 at 5:56 pm |
  79. Kyle S. Irvine, CA

    No, He is to busy gearing up for his re-election.

    February 8, 2011 at 5:59 pm |
  80. Anne

    I am afraid anything that he proposes is going to be rejected anyway. Saying that the heads go back in the sand.

    February 8, 2011 at 5:59 pm |
  81. Ann from Charleston SC

    President Obama will probably get as serious as the American people, who want the other guy's spending cut, but no cuts in spending for my pet projects.

    February 8, 2011 at 6:06 pm |
  82. Bob

    It's the Wars in the middle east Jack. Leave social security and medicare out of it.

    February 8, 2011 at 6:14 pm |
  83. Joseph Leff

    They need to eliminate pork barrel programs. There's something not kosher about them anyway.

    Joe in Delray Beach, Florida

    February 8, 2011 at 6:14 pm |
  84. josh

    No, the only thing serious coming out of washington is the load of Bull they keep feeding us.

    February 8, 2011 at 6:14 pm |
  85. Michael in Florida

    I just thank God every day for the complete and total economic collapse of the USA that is now a mathematical certainty.

    It is the only thing that will cure the American mental disorder known as fiscal ir-responsibility.

    February 8, 2011 at 6:15 pm |
  86. Desire Atem

    Jack, Obama can not be serious about budget cut, he is a liberal always prepare to spend and give to the poor. We need to redistribute the wealth.

    February 8, 2011 at 6:15 pm |
  87. Nancy, Tennessee

    The President showed he was not serious about the deficit when he extended the Bush tax cuts. We can't get this country back in the black by cutting taxes. We need more coming in and less going out to reduce the deficit. Both components are essential regardless of how much the Republicans want to protect the wealthiest Americans.

    February 8, 2011 at 6:15 pm |
  88. Rick

    No he will not, until such time as he and his friends from across the aisle come to an agreement to share the political fallout from attacking the only 3 items that could have an impact:

    1) Taxes
    2) Defense Spending
    3) Entitlements

    It's not easy... but it is quite simple. Three untouchable rails.

    February 8, 2011 at 6:15 pm |
  89. Bob, in Florida

    CANDIDATE Obama would have given semi-generalities for cutting the budget and reducing the deficit. PRESIDENT Obama will do neighter. Congess will NOT do anything either. We will get to the point where THE ENTIRE BUDGET will go to paying JUST the interest on our debt, WHAT WILL WE DO THEN????

    February 8, 2011 at 6:16 pm |
  90. Tim in Texas

    You are wrong in what you said, Jack. The debt commission recommended that we do NOT cut the deficit for two years. To do so would be a disaster. All it will do is decrease demand , meaning a slow down in growth. Please stop pushing your own uniformed agenda. It is long-term debt that needs to be focused on, not short term deficits.

    February 8, 2011 at 6:17 pm |
  91. June

    It isn't just the President who has to get serious- its Congress as well. They have to stop thinking less about covering their ample butts and more about doing what is right for the country. Fat chance. How about a
    10% across the board reduction. That way they don't have to make tough decisions.

    February 8, 2011 at 6:17 pm |
  92. Bob

    The real problem is the ridiculous tax cuts, especially for the rich. There is no need to touch Social Security.

    February 8, 2011 at 6:17 pm |
  93. Floyd Lopez

    Jack are you kidding? President Obama and Congress don't understand cash flow. Cash out must equal cash in. It will remain the same until the America public replace all the Congress and the President and starts over.

    February 8, 2011 at 6:18 pm |
  94. niki from CT

    Yes,But will the republicans get serious about it?

    February 8, 2011 at 6:18 pm |
  95. Barry

    Why does everyone immediately start talking about Social Security and Medicare where the deficit is concerned. I think it's a scare tactic and that's not said lightly because I'm retiring this year.
    I can't believe that there aren't PLENTY of other places to reduce the deficit. How about starting with welfare and medicare fraud?

    February 8, 2011 at 6:18 pm |
  96. Rich

    What hurts about cutting social security etc. is the pot was robbed, the monies were stolen, iou slips left in the social security pot-so now the monies were taken and becsuse of that we are going to have to cut your benefits-losers once and losers twice-yuk!!!!

    February 8, 2011 at 6:18 pm |
  97. Rich McKinney, Texas

    Obama is not concrened about ther deficit Jack. He thinks it is big enough to take care of itself.

    February 8, 2011 at 6:18 pm |
  98. Jim

    Let's see. The budget wa balanced and they said itwas your mony so they cut taxes. Then they started 2 wars and not only gave us a deficit budget but had a seperate budget for the war, no one said a word. Yhen they lost power and have done nothing but complain about spending ever since. Mark my words if they take back the White House in 2012 no one will mention the debt until they are unseated again.

    February 8, 2011 at 6:19 pm |
  99. Jim

    If the United States citizens were really interested in decreasing the deficit, shouldn't they be buying more products made in the United States? Support America, buy American made.

    February 8, 2011 at 6:19 pm |
  100. Harry Moscatiello

    Barak Obama is a joke. What happened to the days when Dems were like FDR. Tuff and hard nose. As for the deficit, the government should print up a 3 or 4 trillion dollars and buy back it's debt. There would be inflation, but our flawed 2 party system has no way to cut spending or raise taxes. Inflation is really just a hidden tax paid for mostly by the wealthy. Don't expect Barak Obama to do anything creative or risky. He has NO COURAGE to LEAD.

    February 8, 2011 at 6:19 pm |
  101. David

    They, He will be serious when they start replacing Federal pensions with 401k plans just like the private sector whose taxes foot the bill.

    February 8, 2011 at 6:20 pm |
  102. Joe Mistrett

    Jack, you are being a little tough on Obama. What about the Republicans? Their solution to everything is "cut taxes." That is so
    dangerously incompetent, but no one ever calls them on it. You cannot reduce the debt without raising taxes, plain and simple. Spending cuts
    alone will not do it!

    Joe Mistrett
    Chevy Chase, MD

    February 8, 2011 at 6:20 pm |
  103. Matt in Hampton, VA

    Why should he worry about the deficit? A lot of Americans seemed genuinely worried about the deficit when Obama began on his spending spree, but now with 80 percent of Americans putting the deficit on the back burner, Obama will surely have reducing the deficit even further from his agenda. But then again, if everything Obama touches turns to gold, why should we be worried?

    February 8, 2011 at 6:20 pm |
  104. geek

    The Republicans will push the Reagan model, increase spending and lower tax's to balance the budget. In addition the GOP will cut earmarks but only for liberal waste and all foreign aid. The Democrats will call for a decrease in Defense and changing the tax code. The Tea Party will freeze all spending except Defense, Social Security, Medicare and Transportation.

    Bad time for Obama to give up smoking.

    February 8, 2011 at 6:20 pm |
  105. Mike from Minnesota

    Let's be real, nobody wants to cut their money, only others who are our future! On the backs of our kids!!! Us "adults" are playing a childish game! It's time to finally grow up and do what's right! Everybody must take a cut! Only together can we survive!

    Mike H.
    Clear Lake, MN

    February 8, 2011 at 6:21 pm |
  106. Patti

    Jack, Obama already put a down payment of $10.5 billion down payment on high speed rails. Does that sound like he's serious about spending?

    February 8, 2011 at 6:21 pm |
  107. Gary H. Boyd

    Jack, I would liken Barack Obama to a chameleon since he adapts to his environment quite nicely. The current environment is in the direction of a balanced budget and so I would say "yes" to your question - he will also focus in that direction. After all, chameleon's tend to blend in.

    Gary Boyd in Scottsdale, Arizona

    February 8, 2011 at 6:21 pm |
  108. Birddog in Mississippi

    I certainly hope he doesn't cut the deficit now Jack. That would be the most fiscally irresponsible thing to do. Certainly shifting spending so that it produces long-term economic growth would be intelligent, but 'cutting' – NO. That's the worst thing that you could do to the economy – particularly as States are pulling back. Focus on the long-term and listen to the economists – not the Tea Party dolts.

    February 8, 2011 at 6:21 pm |
  109. Isabel from Marquette, Michigan

    To my great distress, the President will be in my hometown of Marquette, Michigan on Thursday while I am in southern Florida. If I had been home, I would have organized a protest urging the President to withdraw from the non-war "wars" in Iraq and Afghanistan and spend those billions of dollars here at home for folks like the man we just saw on CNN who has not been able to get a job and is about to lose everything.

    Obama's position has been that we have no place in the political uprising in Egypt except philosophical support for the people. We have no place in these "wars" either, and we need to take care of finances at home. He MUST address the deficit, the question is will he have the cojones to do what's needed: bring the troops home.

    February 8, 2011 at 6:21 pm |
  110. Jerry Jacksonville, Fl.

    Probably not, but the governor of Florida wants to cut the state budget, education by 2.8B and other services plus cut out the cooperate income tax. this is all fine but when the school and city services don't get any state money they just raise taxes on all their citizens so Rick Scott looks good for for cutting state taxes but then we really wind up with more taxes to pay because there is no money for education or other services and it happens when Charlie Crist cut state property taxes the city of Jacksonville, fl increase the garbage tax, property tax and started taxing the rain water to make up for the decrease in state property taxes and the same thing will happen when old Rick cuts the taxes for his cooperate buddies.

    February 8, 2011 at 6:21 pm |
  111. Joe Mills

    President Obama could virtually assure himself of re-election by stepping up on the deficit issue and making substantial recommendations that could be widely embraced. Will he? Probably not. He fears eroding his liberal base, a serious underestimation of the importance of this issue.

    February 8, 2011 at 6:22 pm |
  112. Jackson - Philadelphia, PA

    President Obama getting serious about tackling the deficit will do nothing to resolve the financial situation unless ALL parties get serious about making cuts, changing the bidding process and consolidate redundancies. The real question should be when will the GOP get serious about the deficit with real specifics rather than the vague statements they have been uttering since the mid-term elections.

    February 8, 2011 at 6:22 pm |
  113. Kathie

    Politicians do the budget and deficit alot of lip service but since their special interests and lobbyists are in control nothing will be accomplished. The rich will remain greedy and grow richer while the rest will suffer. Partisonship and the desire to make the opposite party fail undermines any real change also. Greed is destroying our country

    February 8, 2011 at 6:22 pm |
  114. David P Vernon

    Tucson, AZ – While the President is required to submit a budget, the Congress is neither required to adopt any budget nor to follow one. The deficit is a simple matter of spending exceeding taxation and other revenues – this is the sole power and sole responsibility of the House of Representatives. Only when appropriations are equal to or less than revenues will the deficit go away. Only when these conditions persist for years will the national debt decrease. As a matter of fact, taxes, especially at the top, are too low, expenditures, especially on entitlements, aka giveaways, are too high, and the staff of the government is too small to actually carry out the laws that are supposed to protect us from crooked business and crooked politics. What we need is less argument, less partisanship, and more people in Congress who know how to do their math homework. Lacking these, the President's budget will prove irrelevant, as usual.

    February 8, 2011 at 6:22 pm |
  115. George

    Why do we pay taxes? For services and benefits. We don't pay taxes solely to fight wars and support a huge defense budget. We pay them for Medicare and Social Security among many other services we ask from our government which, by the way, is of the people FOR the people.

    So if 80% of Americans want to maintain these benefits, then that is what they want. Not what wealthy Republican/Tea Party/CEO's tell us they want. We wouldn't be facing this issue if it weren't for a wealthy no-nothing Republican president and his wealthy heartless (no pun intended) VP who took us to war for nothing.

    February 8, 2011 at 6:22 pm |
  116. Jill from Mi

    I strongly suggest that before anything gets cut or slashed, the government should show us jusy how serious it is about the debit, take the amount of each government pay check, CUT IT in half, let them work on a budget for themselves, then use that money however it's needed & then once their on even footing with us they can figure from there, their not on level anything, & we're the ones going to get knocked around,hhhmmmm,I don't don't think so..cut the checks in half & freeze for 5 years, when things start show some smoothing out, slowly start to thawing the money thing out...we might get some kind of showing of what we need to see, & they show us that they care, right now I'm not impressed with at least half of them.

    February 8, 2011 at 6:24 pm |
  117. Francisco Lopez

    Yes I hope President Obama does get serious about the deficit in this country but if not then hopefully someone else will get serious about our large deficit which is now getting close to the trillions. Our children and grandchildren must now face the responsibility of paying of this deficit that was brought on by irresponsible government spending and several past U.S. Presidents who did not control this at the beginning.

    Francisco Lopez
    Redwood City, California

    February 8, 2011 at 6:25 pm |
  118. Donna

    Sure, and the focus will be all about so-called Entitlements like Social Security, money that's been coming out of many of our pay checks for years. Not a word will be mentioned about cutting military spending even though the US spends more on that than any other country in the world.

    Seems it's always about taking stuff away from the working poor and middle class. Well here's an idea: Go ahead and end Social Security but cut lump sum checks to everyone for the amount taken out of their pay checks over the years. The Federal Reserve can run the printing press for that, right?

    February 8, 2011 at 6:26 pm |
  119. Jay

    I'm sorry, but as a young intelligent american, I am convinced this deficit which has been in existence before my time will not be taken serious for at least the next few administrations. I have little hope for our country and future generations.

    February 8, 2011 at 6:26 pm |
  120. Rob W in St. Louis, MO

    He is certain to do more than his predecessor; deficit reduction is not achieved by screaming the loudest. This is not a serious question because you have allowed Republicans to redefine deficits as spending not as revenues minus expenditures. The article is wrong to say that Americans are partly to blame; we can have the spending as it is by raising revenues. What we cannot have is a country held hostage by a right wing fringe bent on exacerbating inequality and destroying government, good and bad.

    February 8, 2011 at 6:26 pm |
  121. Peg

    The President will never cut the way our Republican governor in AZ has; she cut 98 people off the transplant list. Two have died & the rest are predicted to die by the end of the year. Now there is a significant savings. Also, 2000 children have been cut from Medicaid. No doctor visits, vaccinations, etc. Imagine how much that will reduce the debt. No Jack, the President doesn't have that kind "let the chips fall where they may"

    February 8, 2011 at 6:26 pm |
  122. Louise Neal

    I think Americans should take a lesson from the Egyptian people and use social media to pressure the Executive and Legislative branches to seriously attack the problem of the deficit. Our government is not listening either-they will keep spending money we don't have so they can all stay in office–we the people need to tell them they will not be returned to power if something isn't done. As you stated, the state governments seem to be able to trim their budgets - so what's their problem?

    February 8, 2011 at 6:27 pm |
  123. Scott

    Why doesn't the Government just start a fund where we can donate funds towards lowering the Deficit, it'll help eliminate the fuss. Let the top 10% of the wealthiest Americans donate to it and stop hording funds.

    February 8, 2011 at 6:27 pm |
  124. Jerry in Alaska

    If people would remove their heads from where the sun does not shine like Sarah Palin, Glenn Beck & i along with a few others have ( its not Barrow Alaska either) then they would realize that the promised "CHANGE TO BELIEVE IN" can only happen if this Islamic Prez. destroyes Americas economy & brings forth his OWO.
    So the answer is a BIG NO for any good economic changes from this "CHOOSEN ONE", Jack.

    WE ARE IN SO MUCH TROUBLE HERE WITH THIS ONE.

    Jerry in Alaska

    February 8, 2011 at 6:27 pm |
  125. Bradley, Portland, OR

    I think every Republican should vow to never take a dime of Social Security, Medicare, Unemployment, or any other government entitlement.

    Republican Congressmen should turn down government health care, and buy their own policies on the private insurance market.

    Let the Republicans practice what they preach, and save the government billions of dollars at the same time.

    February 8, 2011 at 6:27 pm |
  126. Carrie

    It doesn't matter what the white house thinks. Take money from what American tax payers spend on foreign states/affairs. Americans have a strong work ethic. Let's spend the money on our National Infrastructure and social issues.
    Carrie, VA

    February 8, 2011 at 6:28 pm |
  127. Mario Rodriguez

    Jack, why must the deficit be fixed on the back of the middle class. The top one percent (the uber rich) have been getting tax breaks to stimulate economic development over the last ten years. Yet this has been reffered to as the lost decade. All it has done is get us into the deficit we are in today. The wealthy one percent controls twenty for percent of the nations wealth. But you advocate firing people as you say some govenors have. Yet you don't mention how the current tax cutting frenzy create the deficits. Dont forget under clinton tax rates were slightly higher yet 22 million jobs were created and the budget balanced. You in the media are pushing a pro rich agenda and anti middle class meme. The rich have gotten the larger piece of the pie, doen't it make sense they should pay their fair share of taxes. Warren Buffets tax rate is 15 percent, while a NYC fire fighter pays 29 percent. Why should Exxon-Mobil who profitted 19 billion, pay zero tax, yet you want to balance the budjet by firig middle class workers. Your priorities are obvious.

    February 8, 2011 at 6:28 pm |
  128. Nancy

    When all the budget cutting governors have a disaster, oil spill, hurricane, etc., they will be running to the Federal government for aid. Pres. Obama is looking to cut the budget, but he's trying to make the first pass on the obvious waste and not cut the programs that directly affect the waning middle class.

    Illinois

    February 8, 2011 at 6:28 pm |
  129. D.H.

    We do not have so much a spending problem, but a revenue problem.

    If a company outsource a well paying manufacturing job to China, we lost tax revenue at 35% marginal rate. In exchange we pay unemployment then welfare to the fired worker. Yet, the capital gain due to cost cutting is taxed at only 15% possibly not making up for what we pay in social assistance, never-mind to .provide revenue replacement.
    And guess what, the same people who pay only b15% in capital gain and dividends ate those complaining with hypocrisy of "tax burden".

    Starving our senior citizens, letting sick poor kids to die on the streets after they starved at school due to cost cutting measure is not a solution.

    We need more tough regulation to punish job offshoring, we need to increase capital gain/dividends rate at least at the level of earned income and we need to find ways to punish outsourcers.

    Tax cuts for rich payed for with cuts in social programs will make US the second Somalia.

    February 8, 2011 at 6:28 pm |
  130. chuck

    Am i the only one that realizes if the federal government cuts spending in certen area's that it will make more people lose jobs ? And if they cut medicaid, ssi, and others that i have paid for all my life. THEN I WANT MY DAM MONEY BACK so i can use it to save for my retirement.That is what we was told it was for. But now cut it and people that have paid it all there life get nothing ?

    February 8, 2011 at 6:29 pm |
  131. forkay

    i dont think politicial including the president seem to have a real will of tough spending cuts due to their own political gain.all we hear is talk with no action and leadership. am from west africa and living in america was a dream but now its a nightmere and struggle.if politician cant risk their own job to put their action where their mouth is, then the president needs to take that leaership role and put politic aside and get some real job done on our debt. yes we can mr.president.

    February 8, 2011 at 6:29 pm |
  132. Marty

    Dear Jack, When will this president be specific about anything or solutions to problems??? Same old general rhetoric about the obvious needs of this country with no concrete SPECIFIC plans of how to get there. As far as fiscal financial responsibility, I,m tired of hearing about our deficit one moment then hearing about the billions (that we don't have)that are allocated to other countries' problems. What business do we have giving anyone money while we get closer and closer to this country's bankruptcy and collapse??? Specifically we need to quit spending money we don't have and take care of things within this country first.

    February 8, 2011 at 6:29 pm |
  133. Larry

    Obama will be about as serious about cutting the deficitsas were the Republicans who demanded an extension of the budget busting tax breaks for the wealthy.

    February 8, 2011 at 6:29 pm |
  134. Ken in NC

    He will get serious, however, no one else will. Everyone will talk about it but no one will do anything about it. Gov. Rendell was right when he said we are a bunch of wussies.

    February 8, 2011 at 6:30 pm |
  135. sally in Texas

    Federal taxes have not been as low as they currently are since 1950. Want to lower the deficits? Raise taxes. And raise them on the rich who have gotten richer ever since Reagan started lowering taxes and created this mess in the first place.

    February 8, 2011 at 6:30 pm |
  136. Larry

    Obama will be about as serious about cutting the deficit as were the Republicans who demanded an extension of the budget busting tax breaks for the wealthy.

    (Repost do to space was deleted/spelling)

    February 8, 2011 at 6:31 pm |
  137. Nick from New York

    Absolutely! I think President Obama is and has been trying to give our country what it needed when it needed it. Unfortunately it's been expensive. If he didn't save the banks, insurance and car companies we would have been in a true depression. I mean TRUE depression! Doesn't anyone get it. He saved us from the brink of destruction and now wants to change the way we spend. His new focus, less duplication of government agencies, less military spending, aid to oil companies and big business tax breaks and more focus on research & development, education and creating an incubator for a new America leading the way with new jobs and growth. The question is if the Republicans see that same vision?

    February 8, 2011 at 6:31 pm |
  138. Claudia, Houston, Tx

    When President Obama stated he would veto earmarks you better believe he's taking the deficit serious and so did the Governors who spend money like drunken sailors and that's just the beginning.

    February 8, 2011 at 6:32 pm |
  139. Bruce Webber

    Jack, it's easy enough to call for spending cuts as you have, but a lot harder to get specific about them. Obama can propose all kinds of cuts, but they must be passed by Congress. And that's where the problems begin. Republicans would rather crap a pineapple than cut defense spending, and Democrats will fight fiercely to prevent cuts to infrastructure spending an unemployment benefits. Furthermore, Social Security is sepsarate from the budget process, and that should be a separate debate.

    February 8, 2011 at 6:33 pm |
  140. ted

    NOT.....He knows he has to give away billions of dollars to get re-elected. If he told the truth that he has to stop spending money like giving away candy,he would only get the black vote. He will tell us how he is going to spend another 5 trillion to give people jobs to get votes. Once he is elected it well IT JUST MEANS NOTHING. When his term is over he goes to his private island to play golf,while america goes to hell.....

    February 8, 2011 at 6:34 pm |
  141. chuck

    Maybe just maybe the rich should stop running our country that have nothing at stake if ssi gets cut. They dont need unemployment. They have millions and are dam sure going to make sure they keep it.

    February 8, 2011 at 6:40 pm |
  142. Pierce Monroe

    Dear Jack Cafferty:

    Like President Obama was explaining to us,

    The Economy is getting better the problem is that the Dow Jones has to reach around 20,000 points to reverse the National Debt Clock debt level and then we will start to see it shrink and with this health care reform it will already be 20,000 points by the time it reaches 2014 or before.

    The reason why President Obama could not freeze the spending Immediately is because of the Afghanistan War to rebuild it as a Nation again after what the Soviet Union did to it,So we are most likely going to freeze spending when the Government feels the time is right.

    Thank You for your Cooperation

    February 8, 2011 at 6:42 pm |
  143. Alvin

    He will not cut anything of significance. He will in fact get out his check book, and , again, begin to write checks with no money in the bank. Business as usual. Cutting social programs should take second fiddle to taxing the rich. Ask the rich, most would gladly pay more taxes. Someone soon must begin a healing process to the open wound that has been bleeding this country out for decades.

    February 8, 2011 at 6:43 pm |
  144. chuck

    Maybe we should follow egypt and take back our country

    February 8, 2011 at 6:43 pm |
  145. ron

    What we need in this country is a Revolation so as to get rid of this congress, senate and the news medias that do nothing but spread hatred and keep the poop stired up and finding wrong in everything this President does...When the USA falls to its knees we will have only you to blame..Not the rest of the world ..You are like a Cancer that just keeps growing and out to destroy ...

    February 8, 2011 at 6:45 pm |
  146. Gene

    Governers setting a good example? My Governer Rick Scott just unveiled his budget which cuts education, cut about 8,000 state jobs, talking about privitizing mental institutions and having state employees pay for their own pensions, yet increased his administrative budget by 100% and plans to reduce coorporate incom tax rates. Just as the federal tax cuts for the rich is driving the states into bankruptcy, this Governer is just shifting the burden onto the counties and cities of Florida and once local politicians vote to increase property taxes and other city fees, the middle class gets dumped on once again.

    February 8, 2011 at 6:46 pm |
  147. chuck

    And one last thing we cant all be doctors, and lawyers, some one has to pick up the trash and build roads and work at McDonalds. SO education is'nt the way out of this unemployment problum. sorry i am upset

    February 8, 2011 at 6:47 pm |