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I told the American people that I'd cut taxes for middle class families, and I did. I told you I'd cut taxes for small businesses and I have. I said that I'd end the war in Iraq and I did.
Barack Obama
19 Likes
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I'm gonna get us to a balanced budget, President Bush didn't.
Mitt Romney
12 Likes
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There has to be revenue in addition to cuts. Now, Governor Romney has ruled out revenue. He's ruled out revenue.
Barack Obama
6 Likes
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The way we do it is $2.50 for every cut, we ask for $1 of additional revenue, paid for, as I indicated earlier, by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. Governor Romney earlier mentioned the Bowles-Simpson commission. Well, that's how the commission, bipartisan commission that talked about how we should move forward suggested we have to do it, in a balanced way with some revenue and some spending cuts. And this is a major difference that Governor Romney and I have.
Barack Obama
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Now, we all know that we've got to do more. And so I've put forward a specific $4 trillion deficit reduction plan. It's on a website. You can look at all the numbers, what cuts we make and what revenue we raise.
Barack Obama
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I worked with Democrats and Republicans to cut a trillion dollars out of our discretionary domestic budget. That's the largest cut in the discretionary domestic budget since Dwight Eisenhower.
Barack Obama
9 Likes
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