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Tuesday, September 20, 2011

Obama Vows Veto If Deficit Plan Has No Tax Increases

Washington — President Obama called on Monday for Congress to adopt his “balanced” plan combining entitlement cuts, tax increases and war savings to reduce the federal deficit by more than $3 trillion over the next 10 years, and said he would veto any approach that relied solely on spending reductions to address the fiscal shortfall.

“I will not support any plan that puts all the burden for closing our deficit on ordinary Americans,” he said. “And I will veto any bill that changes benefits for those who rely on Medicare but does not raise serious revenues by asking the wealthiest Americans and biggest corporations to pay their fair share.

“We are not going to have a one-sided deal that hurts the folks who are most vulnerable,” he continued.

3 comments:

Anonymous said...

When will he realize we are tired of hearing the same ole crap come out of his mouth. He is trying to start a class war to help his own ugly image. Why is he still there?

lmclain said...

Fair share?? He'll have LOT more credibility when he begins to talk about the "fair share" of the millions of people who have been on welfare for two or three GENERATIONS. What's THEIR fair share? I want to know, because I'm pretty sure that people like me and other WORKING people, including millionaires, have been paying our "fair share" for a long time.

Anonymous said...

Imclain, the "welfare queens in cadillacs" is the height of class warfare that the right has been fighting for awhile now.