: International News
Citing rising India, China, Obama seeks
balanced deficit cuts
Washington, April 22, 2011
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
"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
"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."