To help the revenue shortfall, President Obama advocates closing tax loopholes. Republicans know about that because that was their idea. So, what’s the holdup? As for smart reductions that the President spoke about, they should appear in the Senate budget and debt reduction plan.
The president said that before the start of the Super Bowl game last night during which Beyonce blue a fuse and created a 35 minute power outage delay so that the 49ers could catch their breath.
Oreo cookies reminded the fans in a tweet that they could still “dunk in the dark.” Katrina victims were already familiar with this facility.
The President entered the time used to make this announcement onto his time card so he could get credit for working Sunday, even Super Bowl Sunday.
“Obama says US can reduce deficit by closing tax loopholes, making 'smart' reductions
Published February 03, 2013
WASHINGTON – President Barack Obama says the U.S can reduce its budget deficit by closing tax loopholes and making "smart" reductions in spending.
Obama says closing tax loopholes should enable the U.S. to "continue to fund things that can help us grow" without raising tax rates again.
In an interview on CBS a few hours before the Super Bowl, the president said he wants the tax system to be "fair and transparent," noting that the average taxpayer can't take advantage of things like offshore tax havens.
Obama also called for further health care reforms, noting the U.S. spends "more than every other country does." He says there's "no doubt we need additional revenue coupled with smart spending reductions."