"These aren't the kind of cuts you make when you're trying to get rid of some waste or find extra savings in the budget. These aren't the kind of cuts that the fiscal commission proposed.
These are the kind of cuts that tell us we can't afford the America that I believe in and I think you believe in.
I believe it paints a vision of our future that is deeply pessimistic. It's a vision that says if our roads crumble and our bridges collapse, we can't afford to fix them; if there are bright young Americans who have the drive and the will but not the money to go to college, we can't afford to send them. ...
... It's a vision that says America can't afford to keep the promise we've made to care for our seniors. It says that 10 years from now, if you're a 65-year-old who's eligible for Medicare, you should have to pay nearly $6,400 more than you would today.
It says, instead of guaranteed health care, you will get a voucher. And if that voucher isn't worth enough to buy the insurance that's available in the open marketplace, well, tough luck; you're on your own.
Put simply, it ends Medicare as we know it. ...
... It's a vision that says up to 50 million Americans have to lose their health insurance in order for us to reduce the deficit. ...
... And, worst of all, this is a vision that says even though Americans can't afford to invest in education at current levels or clean energy, even though we can't afford to maintain our commitment on Medicare and Medicaid, we can somehow afford more than $1 trillion in new tax breaks for the wealthy.
Think about that.
In the last decade, the average income of the bottom 90 percent of all working Americans actually declined. Meanwhile, the top 1 percent saw their income rise by an average of more than a quarter of a million dollars each. That's who needs to pay less taxes?
They want to give people like me a $200,000 tax cut that's paid for by asking 33 seniors to each pay $6,000 more in health costs.
That's not right, and that's not going to happen as long as I'm president." President Barack Obama, speaking today about the Republican plan to save $4 trillion in ten years... President Barack Obama, responding to the Republicans' plan to cut the deficit
Well, he kind of already did (with respect to the tax cuts), albeit for the indefinite (as opposed to the permanent) future.
But otherwise, dead-on