The Republicans have announced strong opposition to the fiscal policies of President Obama. The Republican majority leader in the House of Representatives, John Boehner made clear on Wednesday that tax increases are unacceptable to his party. In a speech at George Washington University on Thursday night, President Obama introduced an austerity plan, which saved over the next twelve years to four trillion dollars (the equivalent of € 2.8 trillion) in household will be. The defense budget should be reduced, taxes are increased, the lower income groups but are largely unaffected by stress.
The Republican chairman of the Budget Committee in the House of Representatives, Paul Ryan of Wisconsin, had two weeks ago presented a savings plan that savings of 6.2 trillion dollars within ten years provides. By the President appointed an independent committee to develop a plan for debt reduction under the former Republican Senator Alan Simpson of Wyoming and the former chief of staff to President Bill Clinton, Erskine Bowles, last December had savings of 3.8 trillion dollars over nine years envisaged.
The Republican chairman of the Budget Committee in the House of Representatives, Paul Ryan of Wisconsin, had two weeks ago presented a savings plan that savings of 6.2 trillion dollars within ten years provides. By the President appointed an independent committee to develop a plan for debt reduction under the former Republican Senator Alan Simpson of Wyoming and the former chief of staff to President Bill Clinton, Erskine Bowles, last December had savings of 3.8 trillion dollars over nine years envisaged.
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