Don't expect any real deficit reduction here...Obama's all about rhetoric and stretching the truth with the sole purpose of trying to get reelected....He doesn't really care about seriously reducing the deficit....It will be more about raising the taxes on upper income brackets than increasing the base of Americans that actually pay tax!....It will be more of the same...rhetoric with no action to back it up....
White House: Obama to lay out spending plan
White House says Obama will lay out deficit-reduction plan later this week
WASHINGTON (AP) -- A top White House political and economic adviser says President Obama will lay out new plans this week to reduce the federal deficit.
Obama adviser David Plouffe, speaking Sunday on NBC's "Meet the Press," says Obama plans to offer ideas for what Plouffe calls "long-term deficit reduction" as Congress begins to debate raising the nation's debt ceiling.
Plouffe is giving few specifics on what Obama will announce, but he says that the president believes taxes should go up on higher-income Americans. He also says that the Republican budget plan offered this week by congressman Paul Ryan of Wisconsin may pass the House but won't become law.
Ryan's plan would repeal Obama's signature health care reform and make significant changes to Medicare and Medicaid
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