Obama on Fiscal Cliff Negotiations: It’s Not Me Being ‘Stubborn’ or ‘Partisan’, It’s a Matter of Math
President Obama sat down for an exclusive interview with Bloomberg Television and claimed that he is not being ‘stubborn’ or ‘partisan’ in refusing to rule out taxing top earners more, but instead equates it to a “matter of math.”
“It’s not a matter of me being stubborn, it’s not a matter of me being partisan, it’s a matter of math.”
However, just last year, President Obama stated $1.2 trillion in revenue can be generated without raising taxes.
Someone tell this wannabe dictator it doesn’t work that way, then again, he should already know this, he voted against raising the debt ceiling when he was in the senate…
…sequestration will trigger more than $1 trillion in cuts in government spending across the board, which includes cuts to the current continuing resolution funding scheduled to run through March.
Half of the $1.2 trillion in these cuts will be realized through cuts to the military and defense.
Amid the White House rhetoric surrounding the pending sequestration, it is important to remember that these are cuts President Obama signed into law on August 2, 2011. They are the elephant in the room reminding everyone of Obama’s failure to lead on deficit reduction.
The GOP is threatening — I hate even to use the word “threaten” — to demand some kind of future fiscal sanity from Obama in exchange for a present increase in the debt limit. Obama considers that unfair and racist….