White House's Carney: Obama Wants 'Balanced' $4T Deficit Deal

Source: iMarketNews.com

http://imarketnews.com/node/33681

Wednesday, July 13, 2011 - 14:26
White House's Carney: Obama Wants 'Balanced' $4T Deficit Deal
By John Shaw

WASHINGTON (MNI) - White House press secretary Jay Carney said Wednesday that President Obama is still pressing for an ambitious deficit reduction agreement, arguing that "$4 trillion in a balanced way would be the best possible outcome."

At a briefing, Carney said the president still believes a "significantly sized deal" of between $3 trillion and $4 trillion in deficit reduction is possible.

"It's an opportunity for a game changer," he said of large deficit reduction package, adding that "bigger is better."

Carney repeated several times that "there is no alternative" to passing an increase in the statutory debt ceiling in a timely way.


Read more: http://imarketnews.com/node/33681

So this is just political rhetoric.


The end game has already been decided upon. McConnell's capitulation.

over the head with the idea that a Democratic President is being more of a fiscal hawk than the gutless bunch of GOP pledge signers.

This will piss off the GOP base and help swing moderates both good goals IMO.

Social Security has nothing to do with the deficit.

They'll be plastered in huge letters across the top: "Social Security is TOO EXPENSIVE! Must be given to Banksters and War Profiteers!"

LOL! If the GOP scuttle the 4T dollar deal they loose their reputation as fiscal conservatives.