The Obama Plan

 Posted by at 14:49  economy, Politics
Apr 132011

President Obama spoke at George Washington University in Washington, D.C. today. He laid out his plan to cut the country’s deficit by $4 trillion over the next ten years while at the same time ensuring the country’s wealth and prosperity…

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There were several things to cheer in this speech, but here is the moment that I cheered the loudest:

In December, I agreed to extend the tax cuts for the wealthiest Americans because it was the only way I could prevent a tax hike on middle-class Americans. But we cannot afford $1 trillion worth of tax cuts for every millionaire and billionaire in our society. And I refuse to renew them again.

(Emphasis mine.)

The full transcript follows the break.

(I am still of the belief that we need to be concentrating more on continuing the recovery from The Bush Recession and a bit less right now on reducing the deficit. Reducing the deficit can be dealt with after we get the country back on its feet.)

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