Bloomberg TV’s Julianna Goldman spoke with President Obama today to discuss the fiscal cliff and his efforts to compromise with Republican leaders. In a lengthy interview in the Map Room of the White House, President Obama told Goldman that he is willing to make further cuts in entitlements, but insists that Republicans accept higher tax rates for top earners in the US. “It’s just a matter of math.”
McDonalds released a new Obama menu: You get the meal and the guy behinds you pays for it…
Drawing a bright line with congressional Republicans, President Barack Obama is proposing $1.5 trillion in new tax revenue as part of his long-term deficit reduction plan, according to senior administration officials.
The president on Monday will announce a proposal that includes repeal of Bush-era tax cuts for the wealthiest [...]
“I think what’s absolutely true is that core commitments that we make to the most vulnerable have to be maintained,” Obama said. “A lot of the spending cuts that we’re making should be around areas like defense spending as opposed to food stamps.”
He has cast himself as the defender of the poor and middle class in the debt-reduction debate by calling on Congress to close [...]
One Conservative Republicans’s opinion.
Over the past months, Republicans enjoyed enormous advantages. Opinion polls showed that voters are eager to reduce the federal debt, and they want to do it mostly but not entirely through spending cuts.
What Will the Debt Debate Mean for 2012?
For voters, this political standoff is a frustrating sideshow for what they really care about: jobs.
There was a Democratic president eager to move to the center. [...]