Citing rising India, China, Obama seeks balanced deficit cutsApril 22nd, 2011 - 1:09 pm ICT by IANS
Washington, April 22 (IANS) On a cross-country trip to sell his deficit reduction plan, President Barack Obama has focused on the growing competition from fast rising India, China and Brazil to warn that America’s finances are “unsustainable”.
Members of both political parties in Washington need to work together to start reducing the federal deficit in a “balanced way” without sacrificing on essentials like education, he said.
“If we’re going to reduce our deficit, we’re not going to do it by cutting education. This is another bright idea that some in Congress have,” Obama said on the first of his stops Thursday at a Town Hall in Reno, Nevada.
“In a world where our kids are going to be facing tougher competition than ever before, where you’ve got hundreds of millions of Chinese kids and Indian kids and Brazilian kids and Eastern European kids, all who are trying to compete for the jobs of tomorrow, how are we not going to invest in making sure our kids have the best skills possible?” he asked.
Warming up to his theme at a Democratic party event in San Francisco, California, Obama said: “Internationally, we were seeing changes around the world - countries like China and India rising; areas like the Middle East becoming less stable; the world shrinking because of technology, much of it invented right here in this region.”
“And so I think we understood that we were going to have to adapt in some fundamental way in order to make sure that our kids and our grandkids ended up inheriting the kind of America that we inherited,” he said.
At another party event in San Francisco, Obama outlined a vision “of a big America, of a compassionate America, a caring America, an ambitious America”.
“There are those right now who say that this is kind of the end of the line. We’ve got these deficits, we’ve got debt, we’ve gone through this recession, there’s international competition.”
“China and India and Brazil, they’re all growing faster than we are. And you know what, maybe we’ve just got to shrink. We’ve got to shrink everything.”
“That’s not a vision of America that I want to pass on to (daughters) Malia and Sasha,” he said.
“I want a vision of America that is big and bold and ambitious as it has ever been. A vision where we’re living within our means but we’re still investing in our future.”
(Arun Kumar can be contacted at firstname.lastname@example.org)
- India, China giving US stiff competition on jobs: Obama - Jul 01, 2011
- Obama for investment in education, innovation to beat India, China - Mar 01, 2011
- US losing competitive edge to India, China, fears Obama - Sep 30, 2010
- Obama wants new 'Made in US' technologies - May 07, 2011
- Indian, Chinese talents making it tough for US: Obama - Sep 17, 2010
- Keeping jobs away from India, China helped US recovery: Obama - Aug 03, 2010
- Obama blames Republican 'rigidity' for US woes - Aug 17, 2011
- Citing India, China demand, Obama calls for reducing oil appetite - Mar 31, 2011
- Obama asks America to wean itself off oil - Mar 08, 2012
- Obama cites India, China growth for reforms in Middle East - Mar 12, 2011
- Democrats woo middle class, say Romney out of touch - Sep 05, 2012
- There is an 'education arms race' on from India to China: Obama - Oct 14, 2010
- Obama to give India ties priority in second term too - Apr 05, 2011
- Obama thinks American kids losing out to India, China - Aug 18, 2011
- Obama's State of the Union Full Text - Jan 26, 2011
Tags: barack obama, brazil, bright idea, chinese kids, congress, cross country trip, deficit reduction, democratic party, federal deficit, grandkids, india china, indian kids, international competition, middle east, political parties, recession, reno nevada, san francisco california, town hall, world countries