Posted on 05/10/2012 9:40:51 AM PDT by tobyhill
President Obama will announce Monday that he plans to cut the nation’s projected annual deficit in half by the end of his first term, a senior administration official said Saturday.
The plan will make explicit what Obama officials have been suggesting for months: Contrary to his campaign promise, Obama will allow the Bush tax cuts on the wealthiest Americans expire as scheduled at the end of 2010 instead of seeking their repeal sooner. Officials determined that seeking to raise the taxes earlier during a recession was a bad idea, advisers said.
Obama, who will speak Monday to a Fiscal Responsibility Summit at the White House, also will outline steps he is taking to eliminate what his staff calls “accounting gimmicks” used by previous administrations.
(Excerpt) Read more at politico.com ...
...well his views have evolved....
You so funny....HA! HA!
Obama does great standup comedy!
I think you’re right....But my bigger belief is that Michelle does not wnat to have a second term. She hates whitey that much!!
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