Obama: ‘We Don’t Have An Urgent Deficit Crisis’


President Barack Obama on Friday rejected the notion that the federal government is in the midst of a deficit crisis, arguing that the deficit is actually on a downward trajectory even as the GOP pushes to curb spending in areas like healthcare and education.

“We don’t have an urgent deficit crisis. The only crisis we have is one that’s manufactured in Washington, and it’s ideological,” Obama said at a town hall event at Binghamton University in Binghamton, N.Y. “And the basic notion is, is that we shouldn’t be helping people get health care and we shouldn’t be helping kids who can’t help themselves and whose parents are under-resourced, we shouldn’t be helping them get a leg up.”