deficit

This week, the President urged Congress to resolve harmful budget cuts and reduce the deficit in a way that helps grow the economy and strengthen the middle class, held his first Cabinet meeting of the second term, announced three key Cabinet nominations, and signed the Violence Against Women Act.

President Obama urges Congress to take action to avoid the automatic budget cuts scheduled to hit next Friday if lawmakers fail to find a path forward on balanced deficit reduction.

President Obama urges Congress to extend the middle class income tax cuts for 98 percent of Americans and 97 percent of small businesses without delay, making it clear that a balanced approach to deficit reduction means that Republicans in Congress must agree to ask the wealthiest Americans to pay higher tax rates.

If Congress fails to act, every family in America will see their taxes automatically go up at the beginning of next year. A typical middle-class family of four would see its taxes rise by $2,200. November 28, 2012.

Press Briefing by Press Secretary Jay Carney, 11/29/2012

James S. Brady Press Briefing Room

"Highly-paid CEO's are in town to tell America how to avoid the 'fiscal cliff.'

In his weekly address, President Obama says that it's time for Congress to pass the middle class tax cuts for 98% of all Americans. Both parties agree that this will give 98% of families and 97% of small businesses the certainty that will lead to growth, and so there is no reason to wait.

President Obama makes a statement about the action we need to take to keep America's economy growing, while at the same time reducing our deficits. November 9, 2012.

Why do today's conservatives have so much trouble understanding this simple concept?

Video from the first Reagan-Mondale debate in 1984

The President is on the road meeting supporters and sharing his vision for the country. The choice in this election is clear: it's between two fundamentally different visions of how to grow the economy, create middle-class jobs and restore middle-class economic security. The President believes the only way to create an economy built to last is to build it from the middle out, not the top down.