American Morning

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January 26th, 2011
08:28 AM ET

Rep. Van Hollen: 'We have to act now' for fiscal stability

"We will move forward together, or not at all -– for the challenges we face are bigger than party, and bigger than politics.

At stake right now is not who wins the next election -– after all, we just had an election. At stake is whether new jobs and industries take root in this country, or somewhere else. It’s whether the hard work and industry of our people is rewarded. It’s whether we sustain the leadership that has made America not just a place on a map, but the light to the world."

-President Barack Obama, State of the Union Address, January 25, 2011

President Barack Obama's message last night was simple, "We need to win the future." Delivering his State of the Union address, President Obama challenged the country to encourage innovation, refocus on education, rebuild infrastructure and reduce the amount of national debt. Focusing on the debt the president proposed to "freeze annual domestic spending for the next five years" to "reduce the deficit by more that $400 billion over the next decade."

The promises will mean a busy year in for Representative Chris Van Hollen who is the top Democrat on the House Budget Committee and will have to work with Republicans to reduce our debt. Van Hollen tells American Morning's Kiran Chetry, "coming together doesn't mean we agree on everything. But it does mean that we all have to give a little as we try and tackle these common challenges.

Filed under: Debt • Politics • President Barack Obama
soundoff (One Response)
  1. Common Sense Bill Stafford

    It's rediculous for our government to penalize the citizens of the USA. Before reducing the benefits of Medicare, Medicaid and Social Security; the change needs to start with cutting earmarks by the politicians along with reducing foreign aid. The American people don't deserve to suffer for subsidising foreign countries and making politicians into heroes for getting wasteful earmarks. As the old saying goes " You can't buy friendship. " Take a good look at history and let it be lessons learned.

    January 27, 2011 at 8:46 am |