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President Obama held a news conference this morning in which he spouted more hot air that sounded good, but, when examined closely, is the same ole, same ole. Basically, the (evil) Republicans are holding him back from making a grand cut in the deficit (upwards of $4 trillion over the next so many years). He's willing to cut the budget and reform entitlements "if only" the (evil) Republicans would allow him to raise taxes, mostly by letting the Bush tax cuts expire in the "outlying years". By making all these reforms, the President, with absolutely no evil plans to expand goverment, would be able to continue making investments in America such as job re-training, "infrastructure bank" and student loans, among many other Progressive initiatives. Of course, all of these intiatives are outlined in the Constitution, thus justifying the President's spending of taxpayers money on them.
The President was pummeled by reporters from CBS News, HuffingtonPost.com, Congress Daily, McClatchy Newspapers and American Urban Radio (has anyone heard of these besides the first two??) about why the Republicans are holding him back. Surprisingly (not), no reporter from Fox News was allowed to ask a question. Told by one reporter that a CBS News poll showed only 24% of the American people believe the debt crisis is important, the President responded that the American people aren't properly paying attention to the nuances of the debt and debt reduction. That professional politicians such as himself were hired to deal with these issues. Basically, the American people are stupid and those smart politicians in DCwill solve the debt problem, your help not needed, thank you very much. Next Question?
The President was willing to personally take a "small" tax hike as others in his and higher tax brackets should. (Though there was no mention that the President's salary is actually tax money and as such it doesn't make a difference how much is nicked by taxes - he never earned it in the first place). He did admit that, without reforms, entitlements would be in danger as no amount of tax increases would be able to save them. Odd though that he continues to push for a "small" tax high on the oil executives, jet owners and other "rich" taxpayers to pay down the debt.
Seriously, I could go on and on - I wanted to throw rocks at my TV...he talks the game, but then goes around and doesn't play the game. We'll see how things pan out.
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