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President Barack Obama told an audience on the first stop of his bus tour that his original deficit reduction plan could have solved the nation’s debt problem “tomorrow” but House Speaker John Boehner walked away from the deal.
“The fact of the matter is that solving our debt and deficit problems simply requires all of us to share in a little bit of sacrifice, all of us to be willing to do a little bit more to get this country back on track and that’s not too much to ask,” Obama told a crowd in Cannon Falls, Minnesota on Monday.
“Basically what we need to do is we need to cut about 4 trillion dollars over the next 10 years. Now that sounds like a big number, it is a big number but you know, if we were able to, as I proposed, cut about 2 trillion dollars in spending – if folks who could best afford it, millionaires and billionaires, were willing to eliminate some of the loopholes that they take advantage of in the tax code and do a little bit more and if we were willing to take on some of the long term costs that we have on health care – if we do those things, we could solve this problem tomorrow.”
President Barack Obama said in February 2009 that his presidency would be “one-term proposition” if the economy did not recover in three years, giving him less than six months from today.
“Look, I'm at the start of my administration. One nice thing about the situation I find myself in is that I will be held accountable. You know, I've got four years,” Obama told The Today Show’s Matt Lauer on February 1, 2009.
Originally posted by butcherguyDoes ANYONE believe the stuff that he spouts?
Originally posted by getreadyalready
That was the correct plan. Too bad he is only now realizing it. As a President, he could have brought this up a little sooner.
Originally posted by Peruvianmonk
reply to post by getreadyalready
What social programs are you alluding to?