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Obama: Americans agree with my approach on deficit



Published: Fri, November 9, 2012 @ 1:40 p.m.

WASHINGTON (AP) — President Barack Obama, laying down his marker for grueling budget and tax negotiations, said today he won't accept any approach to deficit reduction that doesn't ask the wealthy to pay more in taxes.

"This was a central question during the election," Obama said in his first postelection comments on the economy. "The majority of Americans agree with my approach."

The president, speaking before a group of middle class Americans in the White House East Room, said he wasn't wedded to every detail of the plans he outlined during the election, adding, "I'm open to compromise." But he offered no indication that he was willing to back down on his insistence that the wealthy pay more.

Obama said he had invited congressional leaders of both parties to the White House next week to start negotiations on averting the "fiscal cliff" tax increases and automatic spending cuts due to hit in January that both parties agree could cripple the economy.

Republicans, as they did throughout the past four years, say raising tax rates on wealthier Americans is a non-starter. Obama has given in to them on the matter before, but his aides believe he has earned a mandate on the issue through his re-election victory.


Comments

1redeye1(4714 comments)posted 2 years, 1 month ago

Another GRID LOCK way to compromise BO!!!!!!!!! You are such an arse

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2harleydog(218 comments)posted 2 years, 1 month ago

Uh, no I don't.

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3harleydog(218 comments)posted 2 years, 1 month ago

Uh, no I don't.

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4rickking123(312 comments)posted 2 years, 1 month ago

You will always have the support of Paul to rob Peter to pay Paul.

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5ABRAHAML(9 comments)posted 2 years, 1 month ago

WHOS HE BEEN TALKING TO? Tell me please how could the majority agree when this is the first "meaning today" Obama has discussed his so called approach. I believe he has tap danced around a policy until today AND IS STILL UNCLEAR TO THOSE WHO UNDERSTAND ECONOMICS!
My apology to Fred Astaire about the tap dance comment.

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6ytownredux(117 comments)posted 2 years, 1 month ago

Seriously Abraham??? Were you not watching any of the election coverage. At EVERY campaign stop, President Obama said that the wealthy would need to pay more in taxes and that is what he would do if elected another term. Guess what? He was elected a second term by the majority of the electorate so ipso facto, the majority agrees. If that is not enough, 60% of those in exit polls said those cuts should not be extended, more than the majority that voted for the President. As Bill Clinton said which some people still dont get, its arithmatic!!!

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7rickking123(312 comments)posted 2 years, 1 month ago

Did Obama receive a majority of votes when you factor in all of the candidates on the ballot? Sure he beat Romney but did he get over 50% of the entire vote??

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