Reply #33: $650 BILLION is fundamental changes PLUS he lowered THEIR tax cuts. [View All]

[in_cog_ni_to]

He offered lower tax cuts than what was offered in the gang of 6 proposal.


<snip>Essentially what we had offered Speaker Boehner was over a trillion dollars in cuts to discretionary spending, both domestic and defense. We then offered an additional $650 billion in cuts to entitlement programs — Medicare, Medicaid, Social Security. We believed that it was possible to shape those in a way that preserved the integrity of the system, made them available for the next generation, and did not affect current beneficiaries in an adverse way.<snip>

<snip>
So let me reiterate what we were offering. We were offering a deal that called for as much discretionary savings as the Gang of Six. We were calling for taxes that were less than what the Gang of Six had proposed. And we were calling for modifications to entitlement programs, would have saved just as much over the 10-year window. In other words, this was an extraordinarily fair deal. If it was unbalanced, it was unbalanced in the direction of not enough revenue.<snip>

http://blogs.wsj.com/washwire/2011/07/22/transcript-of-obamas-news-conference-on-the-debt-ceiling/


Affects programs for future generations. BAD, bad, bad. HANDS OFF the big 3. SS has nothing to do with the debt. PERIOD.