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Obama: Americans agree with my approach on deficit

Friday, November 9, 2012

President Barack Obama gestures as he speaks about the economy and the deficit, Friday, Nov. 9, 2012, in the East Room of the White House in Washington.
(AP Photo/Pablo Martinez Monsivais)
WASHINGTON (AP) -- President Barack Obama, laying down his marker for grueling "fiscal cliff" negotiations, said Friday he won't accept any approach to federal deficit reduction that doesn't ask the wealthy to pay more in taxes.

"This was a central question during the election," Obama said in his first postelection comments on the economy. "The majority of Americans agree with my approach."

The president, speaking in the White House East Room, said he wasn't wedded to every detail of the plans he outlined during the election, adding, "I'm open to compromise." But he offered no indication that he was willing to back down on his insistence that the wealthy pay more.

Republicans stood their ground. At the Capitol, Republican House Speaker John Boehner said he remains unwilling to raise tax rates on upper-income earners. But he left open the possibility of balancing spending cuts with new revenue that could be achieved by revising the tax code to lower rates and eliminate some tax breaks.

Obama said he had invited congressional leaders of both parties to the White House next week to start negotiations on averting the tax increases and automatic spending cuts due to hit in January. Both parties agree that those changes, the result of failed deficit-cut talks earlier this year, could send the economy back into recession.

The president avoided any mention of specific tax rates in his remarks, saying only that the wealthy should pay more. He also called on Congress to quickly pass an extension of tax cuts, first enacted by George W. Bush, for families making less than $250,000 a year.

Republicans, as they have throughout Obama's first term, say raising tax rates on wealthier Americans is a non-starter. Boehner said such increases would hurt small businesses just as they are trying to recover from the severe last recession.

"I'm proposing that we avert the fiscal cliff together in a manner that ensures that 2013 is finally the year that our government comes to grips with the major problems that are facing us," the speaker said. He said cuts to Medicare, Medicaid and food stamps, known as entitlement programs, have to be part of the equation.

Still, Boehner declined to provide specific proposals to avoid the fiscal cliff.

He did say that raising the debt limit, which the government will reach sometime in the spring, should be part of any negotiations. Pressed for details beyond that framework, he said he didn't want to limit ideas to address the problem. He burden is on Obama, he said.

"This is an opportunity for the president to lead," Boehner said. He repeated a version of that phrase four times during the 11 minutes he spoke. "This is his moment to engage the Congress and work toward a solution that can pass both chambers."

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Rep. Boehner,(Bonehead), and the rest of the Refublicans in Congress need to wake up and stop trying to break the backs of the middle and lower income people. Social Security, Medicare, Medicaid & food stamps HELP people that are OLD, POOR and THOSE THAT ARE STRUGGLING TO MAKE ENDS MEET!


The people on using these programs don't think they are "entitled" to the services of these government "PEOPLE PROGRAMS". Most wish they didn't have to use these programs.

Rep. Boehner needs to go to his home district in OH and go see some of the people receiving these government assistance programs and then tell them he wants to cut their $$$ or medical benefits. Stop pandering to the special interests and the Tea party idiots and the rest of the radicals in the Republican Party and work with the president to do what needs to be done and get their hands around the throat of the federal budget.

The little people are already hurting enough. Tell those that make $250,000 or more its going to hurt a little, but not as much as the alternative does.

-- Posted by muthatrucker on Fri, Nov 9, 2012, at 6:28 PM

Tell those that make $250,000 or more its going to hurt a little, but not as much as the alternative does. -- Posted by muthatrucker on Fri, Nov 9, 2012, at 6:28 PM

No - tell the "Solyndra's", the $50 BILLION Auto workers union payoff, free health care for illegals and the rest that they get no more money FIRST. These BILLIONS in Obama payouts must be cut first then you can hold your hand out for more money. Money that isn't yours to begin with.

Wealth envy will not solve this country's problems.

-- Posted by Dug on Fri, Nov 9, 2012, at 10:12 PM

Lower and middle income groups pay 'all' of the taxes, eventually. Raise the taxes on small business and those costs will be passed along to the 99% in the form of increased costs. Lowering government spending is the first priority. Do what you will with upper income regarding taxes, but eventually the 'bill' will be passed down the chain. Don't let tax rates be a distraction. The debate is cuts in expenditures.

-- Posted by fightingindian on Sat, Nov 10, 2012, at 3:54 AM

fighting, you guys lost, get over it.

-- Posted by Dexterite1 on Sat, Nov 10, 2012, at 5:29 AM

fighting, you guys lost, get over it. -- Posted by Dexterite1 on Sat, Nov 10, 2012, at 5:29 AM

That says a lot about today's democrat. The American revolution was fought to overthrow a King.

Today's Democrat thought this last election was to install a King. King Obama - doesn't have a good sound to me. Kind of like your presidents first statement to John McCain in 2009 - "I won, you lost". You liberals would just love it if Obama could do whatever he wants. Why don't you just get it over with and move to Cuba?

-- Posted by Dug on Sat, Nov 10, 2012, at 9:21 AM


I bet you crawled up in the fetal position and cried last Tuesday night when your precious republicans were shown the door. I bet your tears would have tasted so sweet. You now have Obama for four more years. You have McCaskill because the insensitive words of an misogynist. I would have voted for Obama just so I can see you whine and cry on these boards for four more years. Keep posting man, I'm going to be smiling my *** off while reading each one knowing how mad you are. I wish I could show you my grin right now. It's awesome.

-- Posted by rhetoric on Sun, Nov 11, 2012, at 11:34 AM

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