As Obama Turns to Deficit Reduction, Supporters Ask Where Are the Jobs?

[WestVirginiaRebel]

Fox News:

With the conversation in Washington shifting focus to paying down what the nation owes and having the government live within its means, the president's supporters say they don't want him to forget about job creation and the housing recovery.

At a town hall meeting Wednesday at Facebook headquarters in Palo Alto, Calif., an audience member asked the president how he planned to "balance these two going forward, or even potentially shift the conversation back."

Obama said that without getting the deficit down, spending on “investments” to help job creation is unlikely.

"If we don't have a serious plan to tackle the debt and the deficit, that could actually end up being a bigger drag on the economy than anything else," he said.

Obama's plan would cut spending by $4 trillion over 12 years and raise taxes on job-creators. House Republicans have passed a plan that would cut nearly $6 trillion from the deficit, in part by overhauling Medicare and Medicaid.

The economy has bounced back since Obama first took office. But the jobless rate is still high at 8.8 percent and millions of jobs that vanished during the recession haven't returned. The sluggish housing market has left many homeowners owing more on their loans than their homes are worth. Prospective homeowners are struggling to find the money to buy.
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Obama's "Plan" will "Evolve" as necessary...