Obama Calls On Marx To Fix The Debt Crisis
The president maintains that Democrats have compromised their principles by agreeing to billions worth of budget cuts that will hurt the Democrat voters. Yet Republicans are refusing to yield by not agreeing to eliminate tax breaks for owners of rich oil companies and corporate jets. Thus if Republicans get their way, there will be a one-sided or unbalanced deal that will the raise the debt ceiling but will force the government to make devastating cuts that aren’t necessary.
“If we do not have revenues, that means there are a bunch of kids out there who do not have college scholarships,” Obama said. “[It] might compromise the National Weather Services. It means we might not be funding critical medical research. It means food inspection might be compromised. I’ve said to Republican leaders, ‘You go talk to your constituents and ask them, “Are you willing to compromise your kids’ safety so some corporate-jet owner can get a tax break?”