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Politics : View from the Center and Left
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To: JohnM who wrote (166035)7/14/2011 3:29:32 PM
From: MJ1 Recommendation  Read Replies (3) of 542068
 
"What Obama has offered — and Republicans have refused to accept — is a deal in which less than 20 percent of the deficit reduction comes from new revenues. This puts him slightly to the right of the average Republican voter."

That statement does not make sense--------what is the whole context of the statment. Is the presumption that the other 80% of any deficit reductions comes from 'old' revenues?

What does Obama mean by 'new revenues'-------new taxes-----what?

krugman.blogs.nytimes.com
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