Obama: “We Can’t Just Cut Our Way To Prosperity”
That was the President’s message for his weekend address, saying that Republicans should get on board with pouring more money into the higher education bubble.
“We cannot just cut our way to prosperity,” says the President. “Making it harder for our young people to afford higher education and earn their degrees is nothing more than cutting our own future off at the knees.”
The problem is that we clearly can’t spend our way to prosperity either. The Hill reported on a CBO report which said “President Obama’s 2013 budget will hurt the economy in the long term, arguing the larger deficits it would produce would reduce the amount of capital available to businesses.”Tags: Barack Obama, deficits, national debt, spending