Monday, September 19, 2011

President Obama Announces Debt Plan Built on Taxing Rich - "This is not class warfare -- it's math" he says

Monday, September 19, 2011
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* ABC News brings us the following AP report and it starts off like this… In a blunt rejoinder to congressional Republicans, President Barack Obama called for $1.5 trillion in new taxes Monday, part of a total 10-year deficit reduction package totaling more than $3 trillion. [Well who the heck didn’t know this one was coming -- AGAIN… And will never, EVER pass the Senate.] He vowed to veto any deficit reduction package that cuts benefits to Medicare recipients but does not raise taxes on the wealthy and big corporations… "We can't just cut our way out of this hole," the president said… The president's proposal would predominantly hit upper income taxpayers but would also reduce spending in mandatory benefit programs, including Medicare and Medicaid, by $580 billion. It also counts savings of $1 trillion over 10 years from the withdrawal of troops from Iraq and Afghanistan…
Read this report in full at link below…
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* CBS News reports it this way… Taking a defiant tone against Republicans unwilling to raise taxes in order to close the deficit, President Obama today unveiled a $3 trillion long-term deficit reduction plan that relies heavily on raising taxes on the wealthiest Americans… "This is not class warfare -- it's math," Mr. Obama said from the White House Rose Garden…
Read the rest at link below…
Above link has News Video too…
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* The White House Blog has Obama’s Rose Garden Video/Transcript at link below…
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NOT going to happen!
AubreyJ………
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Above White House Photo by Samantha Appleton - 9/19/11
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