Obama said a plan unveiled by Republican congressman Paul Ryan on Tuesday which balances the budget in 10 years was too punitive

March 13, 2013

President Barack Obama warned America will not balance its budget within a decade because Republican plans to do so would entail slashing social programs many citizens rely on for support.

Even as he set out to woo lawmakers Tuesday on Capitol Hill, including Republican foes, Obama called for an approach that restores fiscal stability but also protects healthcare for the poor and the elderly and shields the middle class.

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“My goal is not to chase a balanced budget just for the sake of balance. My goal is how do we grow the economy, put people back to work, and if we do that we are going to be bringing in more revenue,” Obama told ABC News.

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