Obama Heads West on Campaign-Style Swing to Sell Plan on Tax Increases

April 21, 2011 04:54

After bankrupting the country Obama’s campaign plan seems to be how he is the best candidate to solve the debt crisis he created by taxing our economy into a depression.

By Roger Runningen and Mike Dorning at Bloomberg.com


Both the White House and House Republicans have offered plans to reduce cumulative budget deficits by $4 trillion, over 12 years and 10 years respectively. Obama’s plan would include $1 trillion in tax increases that his advisers say could be raised from families earning at least $250,000, while the Republicans’ measure would not raise taxes.

The president’s task of promoting his deficit reduction plan gained new urgency this week after Standard & Poor’s placed a “negative” outlook on the nation’s AAA credit rating. The New York-based company cited a “material” risk that Republicans and Democrats would not be able to agree on a plan to reduce long-term deficits by 2013.

“For a Democrat, Southern California is the bonanza,” he said. “The entertainment community is very generous to Democrats.”

The state provided 20 percent — $77.8 million — of the funding for Obama’s 2008 presidential campaign, according to the Center for Responsive Politics, a Washington-based organization that examines the influence of money on the political process.


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