The Briefing Room

General Category => Economy/Business => Topic started by: pjohns on February 18, 2013, 06:06:21 am

Title: President Obama's "balanced" approach
Post by: pjohns on February 18, 2013, 06:06:21 am

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...)

Title: Re: President Obama's "balanced" approach
Post by: Rapunzel on February 18, 2013, 06:09:07 am

And his dumbed down base buys it...