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The President Puts it in Writing


By John Martin - Posted on 21 July 2011

I'm 100% positive that nutjobs from various walks of conservativedom will continue to tell themselves that the President refuses to put his offer into writing, but here it is. It's not the hundreds of pages legislation that's currently being hashed out between the leaders of the House and Senate, but it's where the President stands on the deficit issue.

Here are snippets of the President's column from the current USA Today. It should satisfy the majority of people who believe we should have a balanced approach to tackling the debt: 
 
[O]ver the last few months, I've also said that I'm willing to cut historic amounts of spending in order to reduce our long-term deficits. I'm willing to cut spending on domestic programs to the lowest level in half a century. I'm willing to cut defense spending by hundreds of billions of dollars. I'm willing to take on the rising costs of health care programs like Medicare and Medicaid, so we can meet our obligations to an aging population.
 
Some of these cuts would eliminate wasteful spending, weapons we don't need, or fraud and abuse in our health care system. Still, some of the cuts would target worthwhile programs that do a lot of good for our country. They're cuts that some people in my own party aren't too happy about, and frankly, I wouldn't make them if we didn't have so much debt.
 
But the American people deserve the truth from their leaders. And the truth is, you can't get rid of the deficit by simply eliminating waste and fraud, or getting rid of pet projects and foreign aid, like some have suggested. Those things represent only a tiny fraction of what we spend our money on.
 
And some revenue talk:
 
Yes, we should make serious spending cuts. But we should also ask the wealthiest individuals and biggest corporations to pay their fair share through fundamental tax reform. Before we stop funding clean energy research, we should ask oil companies and corporate jet owners to give up the tax breaks that other companies don't get. Before we ask college students to pay more, we should ask hedge fund managers to stop paying taxes at a lower rate than their secretaries. Before we ask seniors to pay more for Medicare, we should ask people like me to give up tax breaks they don't need and never asked for.
 
The middle class hasn't just borne the brunt of this recession; they've been dealing with higher costs and stagnant wages for more than a decade now. It's just not right to ask them to pay the whole tab — especially when they're not the ones who caused this mess in the first place.
 
I don't see how this President doesn't stay in office for at least another five and a half years.

You are merely spouting the inevitable when an administration runs a record debt during a growing economy and a very large recession hits us big time.  And Jobs are as hard to get as Ice in the Summertime. .

Speaking of  "nutjobs from various walks of conservativedom "..... LOL

Someone here please post the graph that depicts how deficits increase under Republican presidents, please.  I think Robert needs to see it.

He may NEED to see it, but will he believe it? Doubt it.....

Am I misunderstanding what Robert said? It seems to me that he basically agrees with us.

When you run deficits in a growing economy -- under Bush -- then you are screwed in shrinking economy -- at the end of Bush and during Obama -- because you have to do the same thing only more so.

During a growing economy is when you need to raise more revenue and reduce debts. Just like any any business or family. During a down economy you have to spend more and maybe even borrow, just to keep your head above water and buy the things you need.

I'm not sure I understand what you're asking, Tin.  The original post wasn't by Robert, and if you've read his other posts here, he blames Obama for the debt and deficits. 

Yeah, that was the first post by Robert I read. Either I misunderstood or he worded it poorly.

He said "You are merely spouting the inevitable when an administration runs a record debt during a growing economy and a very large recession hits us big time.  And Jobs are as hard to get as Ice in the Summertime. ."

And I agree with that. You need to cut back deficits and debt when the economy is growing, as Clinton did and Bush did not. And when "a very large recession hits us big time", as it did at the end of Bush's term, you have to take steps to smooth that out.

We've been out of recession for two years now, not that you could really tell. And the reason is still demand side and consumer confidence.

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