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The New York Times reports:
President Obama on Saturday repeated his challenge to Republicans to accept higher taxes on wealthy people and corporate interests, as part of a plan to reduce the budget deficit.
In remarks prepared for his weekly address, Mr. Obama said that reaching an agreement would demand tough choices of both Democrats and Republicans, and that taxes could not be off limits.
“It would be nice if we could keep every tax break, but we can’t afford them,” he said, reprising a theme he struck in a news conference on Wednesday. “Because if we choose to keep those tax breaks for millionaires and billionaires, or for hedge-fund managers and corporate-jet owners, or for oil and gas companies pulling in huge profits without our help — then we’ll have to make even deeper cuts somewhere else.”
There he goes again – being a “dick.”
But what do you call a political party that won’t take “yes” for an answer?
“Because if we choose to keep those tax breaks for millionaires and billionaires, or for hedge-fund managers and corporate-jet owners, or for oil and gas companies pulling in huge profits without our help — then we’ll have to make even deeper cuts somewhere else.”
+ 1
I hope he hammers that home every chance he gets at the podium
Nano- I must admit it is refreshing to see him stand up. I am all for let’s get along and compromise, which is actually needed. However, I think there is also time to stay strong. He sold the farm numerous of times.
http://thehill.com/blogs/blog-briefing-room/news/169527-clinton-obama-shouldnt-blink-on-debt-ceiling-deal-
If the debt ceiling is not raised, what gets cut? If FDA is cut, does that mean our food supply is cut off? If TSA is cut, does that mean airports close? The president should enumerate the likely consequences.
Personally I think that he should take his lemons and make lemondade: recognize the strategic threat and sell off the strategic oil reserve in toto. Massive enconomic boost from plunging oil prices.