William flew over us debt

Obama vowed yesterday not to the most vulnerable in America to fight the deficit by the requirement that the tax relief abolished for the wealthiest to sacrifice to pay the social safety net lower. 
In a major speech that sets the agenda for the next presidential election, Obama criticized Republican offers to health care, the dismantled and health insurance to keep the deficit aligned billion tax cuts for the rich section. 
He presented a plan to rival 4000000000 $ (£ 2.5 billion euros) more than 12 years of medical care expenditure reforms, defense cuts, new controls on spending and save an end to tax breaks Bush has mass, against the Republicans have fought to preserve. "We can not afford $ 1000000000 worth of tax cuts for every millionaire and billionaire in our society," said Mr. Obama an audience at George Washington University. "And refused to renew again." 
His speech was a direct refutation of the so-called Plan Ryan, the Republican congressional budget proposal introduced yesterday that promises to save the same amount to more than ten years for the punishment of spending cuts. 
Obama said the Budget was about "more than just cut and expenses. It's about the kind of future we want. It's about the kind of country we believe." 
America's national debt is now 14000000000 $ with an annual expenditure of $ 4.6 billion deficit. Most of this debt is in foreign countries by creditors like China instead. While economists about the economic effects of debt, divided this has become a hot political topic, with the Republicans tried to portray itself as the party of fiscal responsibility by free-spending Democrats.