Balancing The Budget: Catfood ForThe Poor, Tax Cuts For The Rich
President Obama on his Catfood Commission:
"Before anybody starts shooting down proposals, I think we need to listen, we need to gather up all the facts[. . .] If people are, in fact, concerned about spending, debt, deficits and the future of our country, then they're going to need to be armed with the information about the kinds of choices that are going to be involved, and we can't just engage in political rhetoric.
President Obama's advisor David Axelrod on tax cuts for the rich:
Although the president "took the position he felt was the right position" -- favoring a continuation of the cuts only for families earning up to $250,000 -- Axelrod portrayed this "optimal" stance as unrealistic in the lame-duck Congress that begins next week.
The GOP will insist on permanent extension of tax cuts for the wealthy and Obama will capitulate. This may be why:
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