“What I’m not willing to do is to have the entire burden of deficit reduction rest on the shoulders of seniors, making students pay higher student loan rates, ruining our capacity to invest in things like basic research that help our economy grow. Those are the things I’m not willing to do… You are not going to only cut your way to prosperity. One of the fallacies, I think, that has been promoted is this notion that deficit reduction is only a matter of cutting programs that are really important to seniors, students and so forth.That has to be a part of the mix, but what I ran on and what the American people elected me to do was to put forward a balanced approach, to make sure that there is shared sacrifice, that everybody is doing a little bit more. And it is very difficult for me to say to a senior citizen, or a student, or a mom with a disabled kid, ‘You are going to have to do with less, but we’re not going to ask millionaires and billionaires to do more.’ That’s not something that, that’s not an approach that the American people think is right and by the way historically how we grow an economy. We grow an economy when folks in the middle, folks who are striving to get in the middle class - when they do well.”
- President Obama (via kileyrae)
- President Obama (via kileyrae)
