General Category > Economy/Business

President Obama's "balanced" approach

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pjohns:
Well, we now know what President Obama means by his plan to pursue a "balanced" approach to deficit reduction:  First, you go after tax increases by way of higher tax rates; then, you pursue more tax increases, this time by way of closing loopholes. 

But no serious spending cuts are on the table.  (Why would they be?  After all, President Obama has declared that Washington does not have a spending problem; just a revenue problem...)

Rapunzel:
And his dumbed down base buys it...

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