President Obama hit Mitt Romney and Republicans for their budget, saying it would make cuts to important programs that help everyone while giving tax breaks to the rich. “You now have Republicans in Washington, the ones running for president, proposing budgets that shower the wealthiest Americans with even more tax cuts,” Obama said.
And when you give somebody like me a tax cut, there is only two ways of paying for it, it either adds to our deficit, meaning it is not paid for, or you end up which is what they proposed, gutting investments in education, medical research and clean energy and job training programs like this one. If these cuts are spread out evenly, and 10 million college students including some of you would see your financial aid cut by an average of more than $1,000 each.
Thousands of medical research grants for things like Alzheimer’s and cancer and aids would be eliminated. Our investment in clean energy that is helping to break our dependence on foreign oil and are creating jobs here in ohio, would be cut by nearly a fifth. By the time you retire, Medicare would have been turned into a voucher system that likely would not cover the doctors and the care that you need. That would have to come out of your pocket. Job-training programs like this one would be forced to cut back. Thousands of Americans would lose out on critical employment and training services. That’s the truth.
