President Obama called on Congress to end its cycle of manufactured crisis and self-inflicted wounds to fix the country’s long-term debt problem.
In his weekly address Saturday, Obama said one way to resolve the nation’s fiscal issues is through the House-Senate budget conference, which convened last week.
“It begins by ending what has done more than anything else to undermine our economy over the past few years – and that’s the constant cycle of manufactured crisis and self-inflicted wounds,” Obama said.
Obama expressed hope in addressing the country’s long-term debt problems, but warned that Congress does not have to do it by scaling back entitlement programs. He noted that the budget deficits have been falling at the fasted pace in the last 60 years.
“So that gives us room to fix our long-term debt problems without sticking it to young people, or undermining our bedrock retirement and health security programs, or ending basic research that helps the economy grow,” he said.
[…] Obama: Time to end ‘manufactured crisis’ […]