Top Talker: Obama’s borrowing plan

Updated
Top Talker: Obama's borrowing plan
Top Talker: Obama's borrowing plan

According to a new independent report, President Obama’s plan to reduce the deficit “falls short” of the borrowing targets set by House Republicans and even his own fiscal commission. The Bipartisan Committee for a Responsible Federal Budget reports that the President’s plan would actually require the U.S. to borrow another $7 trillion in the next decade, compared to the $5.3-$5.5 trillion requested by Republicans and Obama’s fiscal commission.

 

 

Joe and the gang discuss the breakdown.

 

 

Top Talker: Obama's borrowing plan

Updated