Obama Vows To Veto Spending Cuts From ‘Cut Cap And Balance’ Plan
Apparently Obama views GOP efforts to solve the budget crisis as and "empty political statement' as well as unnescesary and unrealistic.
The GOP has crafted a plan called "Cut, Cap, and Balance" that would make billions in budgetcuts, cap the limit of government spending, and force Congress to balance the budget in return for Obama assuming responsibility for raising the debt ceiling before August 2. The Obama Administration is claiming the government will collapse on August 2 if the debt ceiling is not raised, as well as taxes. Obama is on record as claiming 80% of Americans are ok with tax increases as part of a plan to keep the government afloat, although several polls show only 34% of Americans are actually ok with that. Obama has yet to produce a solid plan that will solve the budget crises, he simply wants to increase taxes and the debt ceiling, while making no mention of cutting government spending.