Obama: Rich should pay 'fair share' of debt reduction

[The Straight Story]

Obama: Rich should pay 'fair share' of debt reduction

As Congress weighs competing debt plans, President Obama said today that wealthy Americans should pay their "fair share" to reduce the nation's red ink if valuable programs are to be cut.

"Are we a nation that asks only the middle class and the poor to bear the burden?" Obama asked a supportive crowd at a National Council of La Raza conference.

Obama again promoted what he called a "balanced" plan as he and aides wait to see what House and Senate members do about debt negotiations that are currently stalled.

The parties are trying raise the nation's $14.3 trillion debt plan -- while reducing debt in the years ahead -- by Aug. 2, the day the Treasury Department says it may have to default on some of the nation's bills.



http://tinyurl.com/3smgroy

[WCGreen]

1. He talks a good game I still hope he can pull it off,,,,

But I am in doubt

[Cosmocat]

5. Yeah ...

I like BO a lot, and stick up for him a lot.

But, on the issue of debt/taxes, you get a LOT of mixed messages.

[TwilightGardener]

2. Problem is, no one makes them.

[Horse with no Name]

3. Change that headline

The rich WILL pay their fair share...and then I might support it.

[OhioChick]

4. Same here n/t

[damntexdem]

6. And their fair share is: all such costs.

But I doubt the President would sign onto that.

[libodem]

7. Damn straight

!

[eridani]

8. Their fair share would be most of it n/t

[gratuitous]

9. Words, words, words

I've heard this song so many times, I can sing along without the record playing anymore. You have the scheme for defict reduction, Mr. President: Quit pouring money into the military, raise taxes on the wealthy and redirect the stream of revenue spending into more productive areas, like infrastructure. When all is said and done in Afghanistan and Iraq, we'll have a bunch of holes in the ground and a lot of depleted uranium to show for it. When all is said and done from an infrastructure project, you have a sturdy bridge, good for 50 years, or a new school with modern classrooms and amenities that will serve generations of students.

This ain't rocket surgery. USE that bully pulpit.

[kcks]

10. How

Much is fair?

[PurityOfEssence]

11. Yet after saying such things, he still thinks they'll be reasonable with him

Terminal Clintonitis; it's a horrible malady.