Where is the President's Debt Reduction Plan?

Last week talks broke down between the Republican dominated House and President Obama, over reducing the federal debt in conjunction with raising the federal debt ceiling. Over the weekend both House Speaker John Boehner and Senate Majority Leader Harry Reid are now planning to unveil competing proposals.

The question is, and I have raised this before; where is the President's plan on debt reduction? In his press conference on Friday, the President gave a stinging rebuke and placed the blame on House Republicans for the collapse of the talks, at one point stating, "Republicans can't say yes to anything."

The problem that has not been reported by the media is that the Republican controlled House has passed a budget, you may have disagreements with it, but at least they passed a budget. So far the President has failed to address the crisis in any meaningful way and only resorts to rhetoric and campaign politics.

The President's lack of leadership to take any recommendations from his own debt commission, failing to address entitlement reform, and failing to submit a reasonable budget has only made the situation worse. Even his own budget which he released in February failed 97-0 in the Democratic controlled Senate.

It's time the President submit his own plan for reducing U.S. federal debt, and with it his plan for raising the debt ceiling. The time has come for both sides to stop playing election politics and solve the problems facing this country. Too bad we have a President who lacks any presidential leadership!

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