President Barack Obama has laid out a new deficit plan earlier today, Monday, September 19. The New York Times reports:
“The president proposed raising taxes by $1.5 trillion, mostly on the wealthy, while making only modest cuts in Medicare and Medicaid, and walling off Social Security from any changes. The plan also would reduce military spending by more than $1 trillion.”
And in another New York Times article:
““I will not support any plan that puts all the burden for closing our deficit on ordinary Americans,” he said. “And I will veto any bill that changes benefits for those who rely on Medicare but does not raise serious revenues by asking the wealthiest Americans and biggest corporations to pay their fair share”
See for yourself and make your own assessment:
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