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Obama: GOP Budget Is "Laughable," A "Trojan Horse"

Obama: "This is supposed to be paying down our deficit? It’s laughable. The bipartisan Simpson-Bowles commission that I created, which the Republicans were for until I was for it, that was about paying down the deficit. I didn’t agree with all the details. I proposed about $600 billion more in revenue and $600 billion -- I am sorry, it proposed about $600 billion more in revenue and $600 billion more in defense cuts than I proposed in my own budget. But Bowles-Simpson was a serious, honest, balanced effort between Democrats and Republicans to bring down the deficit.

That is why, although it differs in some ways, my budget takes a similarly balanced approach. Cuts in discretionary spending, cuts in mandatory spending, increased revenue. This Congressional Republican budget is something different altogether. It is a Trojan horse disguised as deficit reduction plans, it is really an attempt to impose a radical vision on our country. It is thinly veiled social Darwinism. It is antithetical to our entire history as a land of opportunity and upward mobility for everybody who's willing to work for it - a place where prosperity doesn’t trickle down from the top, but grows outward, from the heart of the middle class – and by gutting the very things we need to grow an economy that is built to last."

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