WASHINGTON, D.C. -- President Barack Obama, who was formally sworn in as President of the United States yesterday pursuant to the U.S. Constitution, will be sworn in again during a public 2013 Inauguration Ceremony scheduled to begin around 11:20 a.m. Eastern Standard Time at the U.S. Capitol in Washington, D.C. today.
The number one issue facing America during Obama's second term of office as President is the same as his first; the U.S. economy still lacks signs of substantial growth while at the same time the rate of federal government debt continues to rise. A record number of Americans are on food stamps and recent college graduates, burdened with the highest amount of student loan debt in history, often find themselves working in service industry jobs that do not require a college education.
"We still need to do more to put Americans back to work while also putting this country on a path to pay down its debt," Obama said during his first weekly address of 2013.
"I believe we can find more places to cut spending without shortchanging things like education, job training, research and technology all which are critical to our prosperity in a 21st century economy. But spending cuts must be balanced with more reforms to our tax code. The wealthiest individuals and the biggest corporations shouldn’t be able to take advantage of loopholes and deductions that aren’t available to most Americans."