14 Apr '11, 1am

Obama calls for more energy investments while proposing to cut deficit $4 trillion

But the president said that unlike the Republican budget that was unveiled this week, his plan will trim $4 trillion from the deficit while also protecting crucial recovery and investments that the country needs. “The way [the Republican] plan achieves those goals would lead to a fundamentally different America than the one we’ve known certainly in my lifetime,” Obama said. “A 70 percent cut to clean energy. A 25 percent cut in education. A 30 percent cut in transportation. Cuts in college Pell Grants that will grow to more than $1,000 per year. That’s their proposal. … They paint a vision of our future that’s deeply pessimistic .” And he said those cuts will leave the United States woefully behind in a world where countries like China are developing new solar energy facilities and Brazil is making new strides in biofuel development. The GOP plan “says even though America ...

Full article: http://climateprogress.org/2011/04/13/obama-energy-cut-de...

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