Who’s Winning? - It's Not Mr. Obama
Speaking today (July 25) at a Hispanic advocacy group, Mr. Obama said that higher taxes on wealthy individuals and corporations would have to be part of any deficit reduction package.
“We can’t just close our deficit by cutting spending … if all we do is cut, seniors will have to pay more for health care, students will have to pay more for college … we’d have to stop much of the clean-energy research,” he declared to cheers from the audience. “Not only is it not fair … it doesn’t make sense.”
The Senate Majority Leader, Harry Reid (D, Nv) has brought forth a plan which likely would result in seniors paying more for health care, students paying more for college, stopping clean energy research, etc., with no increased revenues.
Mr. Reid's plan drew immediate White House support. White House press secretary Jay Carney said the plan makes a "meaningful down payment" on addressing the country's fiscal challenges
So is the White House supporting a plan that “doesn’t make sense”? Couldn’t be, that wouldn’t make sense would it.