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Obama to offer his own deficit reduction package
Yahoo ^ | 9/18/11 | Jim Kuhnhenn - ap

Posted on 09/18/2011 11:57:57 AM PDT by NormsRevenge

WASHINGTON (AP) — Even as President Barack Obama prepares his opening bid on long-term deficit reduction, the White House wants to keep the focus on jobs and is determined to avoid getting sucked into another budget fight with lawmakers.

Administration officials see the task of attending to deficits as necessary but not necessarily urgent, compared with the need to revive the economy and increase employment.

The White House also sees this as the time to draw sharp contrasts with congressional Republicans, whose public approval ratings are lower than Obama's.

As a result, when Obama announces at least $2 trillion in deficit reduction measures Monday, he is not expected to offer all the compromises he reached with House Speaker John Boehner, R-Ohio, in July before those talks broke off.

"I would view this as the president's vision for how we achieve deficit reduction, which makes it inherently different than the sorts of legislative negotiations we were undertaking with the speaker over the summer," said the White House communications director, Dan Pfeiffer.

The plan represents an economic bookend to the $447 billion in tax cuts and new public works spending that Obama has proposed to as a short-term measure to stimulate the economy and create jobs. He's submitting it to a special joint committee of Congress given the task of recommending how to reduce deficits by $1.2 trillion to $1.5 trillion over 10 years.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government; Political Humor/Cartoons; Politics/Elections
KEYWORDS: deficit; economy; obama; obamadeficitpackage; obamajobsbill; obamajobsplan; package; reduction
a big arse pile of propaganda for your perousal.. or ya could take a nap.
1 posted on 09/18/2011 11:58:01 AM PDT by NormsRevenge
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To: NormsRevenge

>”I would view this as the president’s vision for how we achieve deficit reduction, which makes it inherently different than the sorts of legislative negotiations we were undertaking with the speaker over the summer,” said the White House communications director, Dan Pfeiffer. <

TRANSLATION: “this is utter BS..we have no ideas left. Maybe the American citizens are stupid enough to fall for our big words.”


2 posted on 09/18/2011 11:59:39 AM PDT by max americana (FUBO NATION 2012 FK BARAK)
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To: NormsRevenge

Let me guess. He is going to raise taxes and borrow more money to pay down the deficit. Of course, the borrowing won’t be called borrowing, because the bookkeeping will be creative, until reality hits.


3 posted on 09/18/2011 12:02:21 PM PDT by pallis
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President Barack Obama speaks during a visit to Raleigh, North Carolina on September 11. Leading Republicans on Sunday spurned as "class warfare" an administration proposal dubbed "the Buffet rule" that would ensure millionaires are taxed at the same rate as the middle class less


4 posted on 09/18/2011 12:02:29 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge

Wouldn’t it be nice if he focused on the problems facing this Republic rather than running around the country trying to get reelected to a job he is totally unfit to have.


5 posted on 09/18/2011 12:02:51 PM PDT by econjack (Some people are dumber than soup.)
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To: NormsRevenge

Crap just like his jobs bill.


6 posted on 09/18/2011 12:03:42 PM PDT by fatnotlazy
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To: NormsRevenge

Stuff it up your rear, Barry.


7 posted on 09/18/2011 12:05:25 PM PDT by chris37 (representative)
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US President Barack Obama and Vice President Joe Biden make their way into the Rose Garden for a statement on the American Jobs Act. Obama signaled he would pay for his $447 billion dollar jobs plan by raising taxes on the rich and energy corporations and demanded that Congress pass it right away less


8 posted on 09/18/2011 12:05:51 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge

All rhetoric and smoke and mirrors accompanied with no specifics...no real bill. How’s that BUDGET coming along AnointedIdiot? Got Budget?! =.=


9 posted on 09/18/2011 12:07:10 PM PDT by cranked
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To: econjack

He has done nothing but campaign since he was inaugurated.


10 posted on 09/18/2011 12:07:39 PM PDT by fatnotlazy
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To: NormsRevenge

Is this before or after he ‘generously’ bails out the EU Banks?


11 posted on 09/18/2011 12:07:59 PM PDT by stars & stripes forever ( Blessed is the nation whose God is the Lord.)
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To: NormsRevenge
This isn't a serious proposal.

It's all about campaigning...his favorables on the left are going up again because he's doing class warfare. It's all about raising money for his campaign.

12 posted on 09/18/2011 12:08:18 PM PDT by Siena Dreaming
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To: NormsRevenge

Putting the kabosh on his and Moochelle’s “vacations” would probably make a dent in the deficit.


13 posted on 09/18/2011 12:10:27 PM PDT by E. Pluribus Unum (Palin is coming, and the Tea Party is coming with her.)
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To: fatnotlazy
He has done nothing but campaign since he was inaugurated.

You're right. Yet, he wonders why nothing gets done. He's the first president I've known who spends most of his efforts campaigning or trying to pit one class against the other. The man's no good for this Republic.

14 posted on 09/18/2011 12:12:56 PM PDT by econjack (Some people are dumber than soup.)
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To: max americana
TRANSLATION: “this is utter BS..we have no ideas left. Maybe the American citizens are stupid enough to fall for our big words.”

This is not a bill, it's another campaign issue. Obama will use its non-passage to blame the Republicans in Congress for everything that's wrong with the economy.

If only those evil Republicans had cooperated, we'd all be rich, employed, and safe. The oceans would be healed by now...

15 posted on 09/18/2011 12:14:39 PM PDT by ZOOKER ( Exploring the fine line between cynicism and outright depression)
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To: NormsRevenge

Bush had the deficit down to $169 B. Barry bumped it up 10x. TEN TIMES! In two short years.

The only way to reduce the deficit is to stop spending, curtail entitlements, rid the country of the filthy entitlement disease, stop the government ponzi schemes, and (most important of all) grow the economy by getting the government OUT OF THE WAY.

His proposal will have none of this. It will be all about “social and environmental justice” which means screwing the middle class and the rich.

And watch — his bogus “savings” will be spread over 10 years. So you’ll see a big number like $2 Trillion, but that means only $200 Billion per year which is about 1/7 of this year’s deficit.

We need adults in Washington before the whole nation collapses. Unfortunately, the public has no ken for straight-talkers like Bachman, Ryan, Palin and Perry.


16 posted on 09/18/2011 12:19:28 PM PDT by ProtectOurFreedom
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To: NormsRevenge
he is not expected to offer all the compromises he reached with House Speaker John Boehner, R-Ohio, in July before those talks broke off.

See? I said it was a bad idea for Boehner to engage Obama directly. Now look at the returns on that boneheaded play by Republicans.

-PJ

17 posted on 09/18/2011 12:20:31 PM PDT by Political Junkie Too (Everyone's Irish on St. Patrick's Day, Mexican on Cinco de Mayo, and American on Election Day.)
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To: NormsRevenge

Yet another big steaming load disguised as a bowl of chocolate Ice Cream.

Nice try.

Thankyou for playing.............


18 posted on 09/18/2011 12:23:11 PM PDT by roaddog727 (It's the Constitution, Stupid!)
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To: ProtectOurFreedom
Bush had the deficit down to $169 B

This needs to be repeated more.

Even Freepers don't know this.

19 posted on 09/18/2011 12:27:58 PM PDT by Siena Dreaming
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To: Siena Dreaming
It's all about campaigning

They finally admitted that the speech to the congress was really just a "campaign speech". And they are already using sound bites.

20 posted on 09/18/2011 12:32:21 PM PDT by clove (God, Family and Country, the truth will live!)
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To: NormsRevenge; potlatch; devolve; ntnychik; dixiechick2000; Cincinatus' Wife; onyx

21 posted on 09/18/2011 12:36:17 PM PDT by PhilDragoo (Hussein: Islamo-Commie from Kenya)
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To: PhilDragoo

I’m sure glad I didn’t have anything in my mouth when them pixels of that pic painted. :-) LOLOL

I know we shouldn’t laugh at disaster..

but this O thingy is a Epic Fail! LOLOL


22 posted on 09/18/2011 12:38:30 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: Siena Dreaming

Yeah, I didn’t know it.

Course, it really wasn’t in the news cause it really wasn’t unmanageable at that point.

Now, however......


23 posted on 09/18/2011 12:38:51 PM PDT by onona (You might like Steve Earle's song "Galway Girl"....oh alright, it's for a look at Sharon Shannon !!)
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To: onona
It wasn't in the news because the MSM didn't want it to be. Remember when Kerry was saying Bush's economy was the worst since Hoover? Bush was reducing the deficit and he had historically low unemployment...but the MSM chose not to rebut Kerry's claim.

Bush had the deficit down to about $160B...then Pelosi came in and the whole thing changed.

24 posted on 09/18/2011 12:46:13 PM PDT by Siena Dreaming
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To: NormsRevenge

25 posted on 09/18/2011 12:56:53 PM PDT by Bean Counter (Obama got mostly Ds and Fs all through college and law school. Keep repeating it.....)
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To: NormsRevenge
How many BILLIONS of the un-spent TARP dollars are left to spread around to buy votes?

I'm talking about the un-spent Porkulus, which is now going to be a slush fund for buying his Re-Election, including spreadin' walkin'-around money in da 'hood.

BANK ON IT!

26 posted on 09/18/2011 1:05:24 PM PDT by traditional1 ("Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: NormsRevenge

Buffet- the Judas Goat


27 posted on 09/18/2011 1:21:27 PM PDT by griswold3 (Character is Destiny)
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To: NormsRevenge

Damn, congress can cut that much in a few hours, pass a bill saying the base lines is the same as it was in 2006: snap Over 2. trillion in spending gone.


28 posted on 09/18/2011 1:36:44 PM PDT by org.whodat (so Perry's purchase price starts at $5001.00: and $29,000 , was a sell.)
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To: NormsRevenge

????????????????????????????????????????

Ain’t that what the “committee” is on deadline to do?


29 posted on 09/18/2011 1:41:55 PM PDT by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: NormsRevenge

What - he’s gonna make Michelle take the Greyhound Bus?


30 posted on 09/18/2011 2:04:45 PM PDT by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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To: NormsRevenge

Never let a crisis go to waste. As usual, Obama sees this as an opportunity to transfer money from those he wants to screw to supporters and cronies.


31 posted on 09/18/2011 2:32:19 PM PDT by BusterBear
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To: NormsRevenge

Obama has now officially promised more “plans” than jobs created (or saved?).


32 posted on 09/18/2011 2:50:13 PM PDT by OrioleFan (rty)
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To: NormsRevenge

It will be very interesting to see if any deficit reduction takes place in the next fiscal period versus years from now. Deficit reduction in future years really has little or no impact and may not even happen.

Of course, if Obama gets re-elected in 2012, we are screwed no matter what happens prior to that event. He will go hard left, big time.


33 posted on 09/18/2011 2:55:10 PM PDT by existentialist
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