Reply #2: Evidently [View All]

[ProSense]

the RW media are going to spin this until the speech.

Obama to deliver speech on deficit reduction this week

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Obama will address cuts to defense and domestic spending, as well as what to do with the growing entitlement programs of Medicare, Medicaid and Social Security, Plouffe said. He will talk about "dollar amounts" over "a period of years."

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Plouffe said on ABC's This Week With Christiane Amanpour that Obama does not believe Social Security to be "a significant driver in our deficit in the short term." But he added, "if there's a way to strengthen Social Security that doesn't hurt retirees and beneficiaries in the short term, and doesn't slash benefits in the long term, he's willing to work with Congress on this."

As part of deficit reduction, Obama will continue to fight for the expiration of George W. Bush-era tax cuts for the wealthiest taxpayers, Plouffe said. Obama and congressional Republicans agreed to a two-year extension of those tax cuts in December in order to prevent expiration of all the Bush tax cuts for all taxpayers.

In his speech, Obama will say that "people like him .., who've been very fortunate in life, have the ability to pay a little bit more," Plouffe said on NBC's Meet The Press.

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