Showing posts with label tea party. Show all posts
Showing posts with label tea party. Show all posts

Monday, August 8, 2011

Obama Agrees That Medicare Must Be Cut & The Poor Must Be Taxed In Order Not To Cut Money For Wars And Weapons

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In a letter on Friday, Rep. Barney Frank (D-MA) asked President Obama to repudiate Defense Secretary Leon Panetta’s insistence that in order to deal with the nation’s debt and deficit, additional revenue should come from tax increases and cuts to entitlement programs, such as Medicare, instead of the reducing military spending.

TPM notes that Obama gave his answer in a speech today in which he backed Panetta. Obama said there isn’t much more to cut beyond the defense and domestic spending reductions that were part of the debt ceiling deal last week. “What we need to do now,” Obama said, “is combine those spending cuts with two additional steps: tax reform that will ask those who can afford it to pay their fair share and modest adjustments to health care programs like Medicare.”






How Many American Seniors And Disabled Died In July 2011 Because Of Obama Threat?

READ MORE HERE





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It's Gonna Blow (MUSICAL VIDEO)

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London riots: Cars, buildings ablaze in Peckham, Croydon, Hackney FOR THIRD DAY (VIDEO)


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London police ask for streets to be cleared








Riots Rage: Anarchy in UK as London turns into war zone









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Tea Party Cheers "Tea Party Downgrade" by S&P (VIDEO)

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