Posted: Jan 30, 2010 10:17 AM by Associated Press
President Barack Obama says trimming budget deficits is as important as creating jobs.
In his weekend radio and Internet address, Obama says steps to rein in spending include a rule requiring that spending or tax cuts be offset by cuts to other programs or tax increases. There's also a freeze on most discretionary spending and a presidential commission on deficit reduction.
Obama says "pay-as-you-go" rules led to surpluses at the end of the 1990s but after Congress eliminated the rules, the result was the $1.3 trillion deficit he faced upon taking office in January 2009.
The president also says he's willing to work with anyone who's serious about solving the nation's problems, but he says he "won't accept opposition for opposition's sake."
He made the declaration a day after a question-and-answer session with House Republicans in Baltimore.