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He's making a political move. He wants to own the budget reduction debate.By Jeanne Sahadi, senior writerApril 13, 2011: 2:10 PM ET
NEW YORK (CNNMoney) -- It was more than the naysayers were expecting, but less than what many deficit hawks had hoped.
President Obama on Wednesday articulated his most ambitious plan yet for reining in the nation's debt. He laid down a series of spending and deficit targets for lawmakers to adhere to in the coming decades -- and summoned congressional leaders to take part in a budget summit in early May.
Perhaps he should have thought of that before the GOP took ownership. He just looks desperate now.
Obama looks to be ‘owning’ to me.
Link
He's making a political move. He wants to own the budget reduction debate.
Owning what though? The ability to blame Bush? The drone of attack and tax the rich? Bigger Government? Higher deficits?
This so called "important" speech that was so important that he gave it in the middle of the day when everyone was at work, and left out any details that he would be held accountable for later. In fact now he lays it off on Sherriff Joe to follow up, another vacation in the works maybe?
He is truly adept at double speak, and outright lying.
j-mac
I dont care WHY he has come to the table...just THAT he has come to the table. The president doesnt pass budgets. Congress will still have the lead on this. If the house and the president are sincere then this is beneficial to the country. I hope like heck that they transcend partisanship and do the right thing. This will require hard work, sacrifice, and a willingness for all to make tough decisions.
I probably missed it, but where did the President lie in this speech?
it'll be interesting to see what he is proposing in detail and in comparison, but i will most likely go for plan that has the most cuts. The faster we get rid of the debt the less money it takes in interest over time.
And President Obama presented not one tough decision except that he's ready to increase taxes on the top 2% - and nobody gives a **** about them. He is a fence-sitter...gave a very politically correct speech that said absolutely nothing.
The most cuts are not necessarily whats best for the country overall...cuts have to be thoughtful and care given to the consequences...anyone go in say ok I want to cut 6 trillion...lets cut this and this and this and this
What ryan has against his plan is...he want to increase COSTS for all middle class americans and then he wants to give the rich a full additional 25% cut in income taxs...if all you conservatives think once that becomes clear to most americans thats going to float I think your in for a surprise.
If your going to make a cut as drastic as 6trillion...you damn sure better make sure EVERYONE shares the pain and not the richest gain while everyone else takes it from behind.
What is so sacrosanct about the middle class? We're in big fiscal trouble. Everyone needs to share the pain. Ya' know those 47% that pay no income tax at all??? Those 71 million? Time they started paying, too. If they did, maybe they'd exercise their power to vote a little more carefully and help the rest of us stop this spending spree. 47% of households owe no tax - and their ranks are growing - Sep. 30, 2009
Link that Ryan's plan gives an additional 25% cut in income taxes, please.
… Link that Ryan's plan gives an additional 25% cut in income taxes, please.
“[House Republicans'] 10-year budget sets an aggressive goal of reducing the top corporate and individual tax rates from 35 percent to 25 percent.”
— The Associated Press, April 6, 2011
Cutting the top tax rate from 35% to 25% is a 28.5% reduction. To be fair they are eliminating “scores of credits, deductions and exemptions” but still the top rate hasn't been that low since the 1930s.
What is so sacrosanct about the middle class? We're in big fiscal trouble. Everyone needs to share the pain. Ya' know those 47% that pay no income tax at all??? Those 71 million? Time they started paying, too. If they did, maybe they'd exercise their power to vote a little more carefully and help the rest of us stop this spending spree. 47% of households owe no tax - and their ranks are growing - Sep. 30, 2009
Link that Ryan's plan gives an additional 25% cut in income taxes, please.
“[House Republicans'] 10-year budget sets an aggressive goal of reducing the top corporate and individual tax rates from 35 percent to 25 percent.”
— The Associated Press, April 6, 2011
Cutting the top tax rate from 35% to 25% is a 28.5% reduction. To be fair they are eliminating “scores of credits, deductions and exemptions” but still the top rate hasn't been that low since the 1930s.
So what? Seems you are more interested in money going to the govt. instead of how that money is spent and what happens when take home pay is reduced at any level and what affect does that have on the economy. Those that believe in big govt. continue to support someone else paying for that increase in size(the rich) and ignore the reality that the rich don't make enough to pay for the liberal appetite.
Obama looks to be ‘owning’ to me.
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