Obama on Debt: Time to Do 'Something Big'

Thursday, 21 Jul 2011 09:13 PM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama, in an editorial published by USA Today, said debt negotiations offer Congress and the White House to "something big and meaningful" and encouraged both sides to make tough decisions.

The President said he is willing to cut spending and entitlement programs that "some people in my own party aren't too happy about" but added that cuts in waste, fraud and redundant spending are not the solution to ending the nation's debt woes. He raised his long-standing push for tax reform, shifting more of the burden to the rich and ending tax loopholes for the wealthiest of Americans.

"The middle class hasn't just borne the brunt of this recession; they've been dealing with higher costs and stagnant wages for more than a decade now," Obama wrote.

"It's just not right to ask them to pay the whole tab — especially when they're not the ones who caused this mess in the first place."








© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved