Reply #5: "deficit reduction"

[PSPS]

Advisers said the president would describe five “pillars” for ensuring America’s competitiveness and economic growth: innovation, education, infrastructure, deficit reduction and reforming government.

Sounds like more empty speechifying to me.

I suspect "deficit reduction" means dismantling social programs like social security. "Reforming government" probably means even less regulation of corporations and wall street banksters. The rest is already meaningless since it would involve having to tax the rich, and we can't have any of that.