House Speaker Seeks Trillions in Cuts

House speaker John Boehner is seeking reductions in federal spending of at least $2 trillion dollars in exchange for lifting the debt ceiling. The extent of what Boehner is advocating at this time is unclear, but in March the Government Accounting Office outlined billions in duplication of various programs if eliminated would save taxpayers billions in savings if enacted.

This may be more posturing by the House speaker, but the federal government has to begin reducing the ballooning federal debt which will soon reach $15 trillion dollars.

Both Democrats and Republicans are responsible for the federal debt, and both parties are going to have to begin addressing this issue as this is now affecting the national security of the United States.

The president has failed to address this issue, he even failed to accept one recommendation from his own Debt Reduction committee, which presented its findings in December.

Both parties need to get serious about debt reduction, which has to include entitlement reform and defense spending reform, if it ever is to get a handle on the massive federal debt.

The ball is in the air, let's see who grabs the ball and runs with it. Time will tell who is serious about reducing the debt of the United States. The nation's economic future is in their hands!

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