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Obama admin: Next round of deficit-reduction should have 2 dollars of spending cuts for every 1 dollar in new revenue

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Filed: Timeline

WASHINGTON (Reuters) - The U.S. Congress should accept in the next round of deficit-reduction talks that revenue from taxes must be raised further if it expects President Barack Obama to sign off on a deal, the president's top economic adviser, Gene Sperling, said in an interview.

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"The president is not suggesting that in this next round of deficit reduction it all be on revenues," Sperling said in an interview taped on Tuesday with Reuters TV's "Impact Players."

"He's just suggesting that we continue to do it in a balanced way so that our overall agreement really is about two dollars in spending cuts for every dollar in revenue."

http://news.yahoo.com/obama-aide-presses-republicans-accept-more-tax-revenues-110403356--business.html

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Our (new) congressman isn't accepting a dime of more revenue. I think ovomit got all he's getting. Time to start trimming the pork

[quote name=^_^' timestamp='1357751857' post='5911926]

WASHINGTON (Reuters) - The U.S. Congress should accept in the next round of deficit-reduction talks that revenue from taxes must be raised further if it expects President Barack Obama to sign off on a deal, the president's top economic adviser, Gene Sperling, said in an interview.

...

"The president is not suggesting that in this next round of deficit reduction it all be on revenues," Sperling said in an interview taped on Tuesday with Reuters TV's "Impact Players."

"He's just suggesting that we continue to do it in a balanced way so that our overall agreement really is about two dollars in spending cuts for every dollar in revenue."

http://news.yahoo.com/obama-aide-presses-republicans-accept-more-tax-revenues-110403356--business.html

 

i don't get it.

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