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The Federal Budget as a Family Budget
ABC News ^ | February 13, 2012 | by Jake Tapper

Posted on 02/13/2012 5:00:23 PM PST by Oldeconomybuyer

TAPPER: The president, when he spoke to students earlier today acknowledged that the numbers and the budget were so big, they were difficult to talk about. And to break them down, it would be along the lines of a family that makes $29,000 a year spending $38,000 a year, so taking on new debt — $9,000 in new debt, with a $153,000 credit card bill that they were not able to pay down. That would be a way for — like the average American to afford – to understand it. Does that seem responsible?

CARNEY: I appreciate the analogy...

TAPPER: Theoretically, if he had a Republican partner in Congress who was willing to take on some of the sacred things in his party, the president is willing to go farther than this budget document. This is a budget document according to what he’s willing to do on his own, it’s not as far as he would go, right?

CARNEY: Well I don’t want to negotiate the line items of a global grand bargain if you will...

TAPPER: So to put it in your words and President Obama’s own words, it is not as bold as he would be willing to be if he had a Republican partner in Congress -

CARNEY: It is a very bold proposal...

TAPPER: Back to my family metaphor: one of the spouses isn’t willing to make the tough choices, but the president is?

CARNEY: Look, I think the president has demonstrated – he took a lot of heat this summer from his party and advocates on the Democratic side of the political spectrum because of his willingness to make some tough choices and he remains willing to do that and he would welcome a willingness by Republicans to approach deficit reduction in a balanced way.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: budget; election2012; familybudget; journalism; obamabudget; obamanomics; tapper

1 posted on 02/13/2012 5:00:34 PM PST by Oldeconomybuyer
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To: Oldeconomybuyer

Que up Three Dog Night

2 posted on 02/13/2012 5:13:52 PM PST by logitech
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