President Obama: Fiscal Responsibility Will Help Us 'Win The Future'

Author:
Updated:
Original:

FYI, Paul Ryan's plan will not put us on the path to winning.

Where Mr. Obama on Wednesday embraced tax increases and spending reductions in Medicare in order to rein in deficits, the GOP plan avoids tax increases and would change Medicare far more significantly, turning it into a menu of government-subsidized private insurance plans for younger workers. He said wealthier Americans should pay higher taxes as a matter of fairness. "As a country that values fairness, wealthier individuals have traditionally born a greater share of this burden than the middle class or those less fortunate....It is a basic reflection of our belief that those who have benefited most from our way of life can afford to give a bit more back," he said in his prepared remarks.

Obama Lays Out Deficit Plan [WSJ]
Obama Offers Plan to Trim $4 Trillion From Deficit in 12 Years [Bloomberg]

Related

Wall Street Adrenaline Junkies Juiced By Our Two Hours Careening Over The Fiscal Cliff

It wasn't pretty or timely and didn't seem to make anyone happy, but the fiscal cliff is no more… for another two months.