Thu, Jul 25, 2013 4:24 PM EDT 1:17
In his third economy speech in two days, President Barack Obama said the House Republican budget is a "bad bargain" for the middle class. Obama says the House GOP wants to cut spending on education, science and clean energy when the country should be investing in those sectors and cutting back in those areas would be like waving a "white flag of surrender" in a global economy. In a major policy speech at a high school in Galesburg, Ill., the president outlined a series of proposals that he argued would boost middle-class security and enable better economic mobility. But Obama also nodded to the political challenges he?s encountered. Washington has ?taken its eye off the ball? and gridlock ?has gotten worse,? he said, placing the blame squarely with the House GOP. As President Obama prepares to lay out his economic plans, congressional Republicans are moving to gut many of the President?s top priorities with the sharpest spending cuts in a generation and a new push to hold government financing hostage, this unless the president?s signature health care law is stripped of money this fall.