President Obama to speak on long-term deficit reduction

[cal04]

Source: The Hill

President Obama will give a speech this week that lays out his plan for handling the nation's fiscal management, White House senior advisor David Plouffe said Sunday.

"Later this week the president is going to speak about his approach to long-term deficit reduction," Plouffe said on CNN's "State of the Union."

"He's going to be clear about the type of deficit reduction we need in terms of dollar amounts, over what period of years," Plouffe said.

(snip)
"Seniors, the poor, the middle class in the congressional Republican plan are asked to bear most of the burden," Plouffe said. "If you weren't giving enormous tax cuts to millionaires, you wouldn't have to do that."

Read more: http://thehill.com/blogs/blog-briefing-room/news/155077-plouffe-obama-to-speak-on-long-term-deficit-reduction

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A White House official said Obama's speech would be on Wednesday.
http://www.reuters.com/article/2011/04/10/us-usa-budget-obama-idUSTRE7391GD20110410

[democracy1st]

1. Goldman Sachs owns this admin,what a bunch of bs!

[Octafish]

2. End the wars. Cut the Pentagon's Wish List down to size. Tax the super-rich and rich...

...and those individuals and corporations who've benefitted most from trickle-down.

It would be better than ending the programs that could, if funded properly, make this a country worth living in.

[russspeakeasy]

4. It's not complicated enough.. Think chess.

[Name removed]

3. Deleted message

Message removed by moderator. Click here to review the message board rules.

[on point]

5. Unless it makes MASSIVE military cuts and ups the taxes on rich back to 50%, not interested

[think]

6. quit providing our military as private security for

Multinational corporations. Enough with this socialist handout for the uber rich. The poor don't want to fight your wars to protect your tax cuts, vacation homes, and puppet politicians!

Bring the troops home. Close all the overseas military bases that serve only to protect the interests of sleazy multi national corps. These corporations give America a bad name, export our jobs, and exploit the people and resources of third world countries. Let them pay for their own security forces!

Multinational corporations are lying cheating murdering lawless scum bags hiding behind slick brand names!

[think]

12. Does anyone ever think of the social ramifications

of gutting the social safety net? When crime rates sky rocket, the jails are full, and it's your house that's getting robbed will you just hate the person who robbed your house? Or will you reserve some of your angst for those who set up our society to fail?

[Donnachaidh]

15. I can't remeber where I read this -- but for every one dollar cut from social services

Expect to spend TWO in prison costs.

And we have proof that one of the underlying deals being made by puke Governors is selling prisons to private companies....

See the pattern?

[think]

22. Hear ya. I saw the pattern in action in South Dakota

In the 90's the Repuglican governor, Bill Janklow, was already using prisoners for labor projects to create revenue for the state:

http://news.minnesota.publicradio.org/features/199810/06_hetlandc_prison-m/?refid=0

[bahrbearian]

7. I can't wait to hear another eloquent speech.

Please sir, May I have more?

[Faygo Kid]

8. "Seniors, the poor, the middle class are asked to bear most of the burden" by all in power.

Unrelentingly, and by all of them. There, fixed it.

[xxqqqzme]

9. "...The White House advisor did

not offer specifics of the president's plan, but he said that all options were on the table..."

THAT'S what concerns me. It is a matter of trust isn't it? I do not trust Obama to be a democrat when addressing this matter. Lots of eloquent speech about shared responsibility no doubt.

Well Mr. President, when 98% of us begin to see some of that hoarded wealth 'shared' with us, THEN we can talk about 'shared' responsibility.

[subterranean]

14. That's what Obama said about healthcare

"All options are on the table" (except single payer or any other plan that the for-profit insurance industry wouldn't like).

[Fearless]

10. We've done our forced share already. It's time to force the rich to pay theirs.

[msongs]

11. Hey stupid Plouffe, your friend Obama is the one who gave "enormous tax cuts to millionaires" & btw

is this speech going to sound like it was written by the Republican National Committee?

[brandywine]

13. Let's see... tax cuts for the rich, CHECK... now, how do we pay for them, hmmm...

Cut services to everyone else, CHECK.

TODO:
Raise taxes on everyone else e.g. national sales tax
Cut Entitlements e.g. Social Security, Medicare and Medicaid
Privatise the rest of Gov e.g. Schools, Mail, Security


Any other good ideas?

[SidDithers]

20. ...

Sid

[iwishiwas]

16. Well, Obama did agree to tax cuts for the UPPER class. YUP. Does

he really think the repugs will give that back?? No they will not and he knows it. SS and Medicare cuts and privitiZATIONS--- here will come.

[Jakes Progress]

17. Let me hear the president

say that he will require that the top 5% give back the money they have taken in the last 10 years. Let me hear him say that "senior, the poor, the middle class" won't be asked for one red cent until that happens. Let me hear him say that the republicans are only serving the rich and screwing the poor (okay he can avoid the word "screw"). Let me see him state that we must start the recovery by eliminating the tax cuts that he gave away to the rich at the end of last year. That alone should do it. This isn't a hard sell. Any half decent orator could do it. It would put the republicans on defense.

Otherwise, the speech and the press leaks are just so much election posturing.

[jab105]

25. You are gonna be waiting a long time to hear that...

n/t

[Jakes Progress]

26. Won't be holding my breath.

[high density]

18. Glad he extended Bush's tax cuts last fall

That helped out the deficit a lot.

[bahrbearian]

19. Didn't you hear he saved the economy.

Other wise he would have been blamed for a downturn. Never mind what happens now.

[Exilednight]

21. If he wants to be taken seriously, then he needs to state how SS is running a surplus and

that defense spending, coupled with tax breaks for the rich, are the real problems with the deficit.

[Bucky]

23. 3 step process: collect from the billion-$ tax deadbeats, raise the top marginal rate, cut defense

The budget can be balanced in 30 years if you make government service, fair taxation, and a productively employed workforce the priorities.

It of course won't happen that way.

[AtomicKitten]

24. Pres O is commandeering the apparent thrust of the GOP campaign -- the deficit.

The deficit originated from two wars, Medicare Part D, and two monster tax cuts for the rich NOT PAID FOR and passed by the GOP last decade. That and the aftereffects of the repeal of Glass-Steagall have left the economy shredded.

America trusts Pres O over the GOP with the economy and he intends to saddle that and ride it over the finish line.