McConnell: President should offer an action plan, not just a vision

Senate Republican Leader Mitch McConnell calls on the President to come up with an “action plan” to deal with the nation’s budget crisis.

The White House says President Barack Obama is setting a goal of lowering the deficit by $4 trillion over the next 12 years as he wades into the politically volatile debate over the nation's crushing debt.




A week after formally announcing his re-election campaign, the President is set to propose a mix of tax increases already rejected by Republicans, and cuts to safety-net health programs likely to alienate many liberals.


In a speech Wednesday at George Washington University, the President also is expected to propose reducing defense spending and eliminating tax breaks and loopholes.


Obama's plan falls well short of the more than $5 trillion in cuts over a decade proposed by House Republicans, and dismissed by Democrats as draconian.


Several hours before the President’s speech, Senate Republican Leader Mitch McConnell outlined what he hoped to hear from President Obama.


“Americans don’t want to hear the President criticize or distort the serious efforts of those in our party who want to solve our problems head on. They want to hear a detailed counter-proposal of his own. And they don’t want to hear that the price of gas at the pump is going to get even higher, or that their opportunities to find or create jobs will shrink. Now is not a time for mere speeches or political attacks. It’s a time for action.”


Here is the Senator’s floor speech.


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