“Unemployment has never been so high — 9.1 percent,” Paul Wiseman writes, “this long after any recession since World War II. At the same point after the previous three recessions, unemployment averaged just 6.8 percent.”
NB: Tweaked the title.
In his radio address today, President Obama spoke of reducing the nation’s deficit:
I ran for President because I believed in an America where ordinary folks could get ahead; where if you worked hard, you could have a better life. That’s been my focus since I came into office, and that has to be our focus now. It’s one of the reasons why we’re working to reduce our nation’s deficit. Government has to start living within its means, just like families do. We have to cut the spending we can’t afford so we can put the economy on sounder footing, and give our businesses the confidence they need to grow and create jobs.
(via Jim Hoft.) This is not the first time he has spoken of living within our means. He did so on the campaign trail and did some most notably in his budget speech on April 13. ”We have to live within our means,” he said on that occasion. “We have to reduce our deficit, and we have to get back on a path that will allow us to pay down our debt.”
Please, Mr. President, show us the path. He did release a budget in February, one with “record $1.6 trillion deficit,” hardly deficit reduction that. Although he appeared to repudiate that budget with that April speech, he has yet to offer a detailed plan to realize the goals of his rhetoric.
So, Mr. President, put your money where your mouth us. Show us your plan. Present a budget which allows us to live within our means. The Republicans have done so. And you — and your fellow partisans — have attacked them for it. Now, show the same guts they have and detail your plan for fiscal responsibility.