you raise the taxes $650 billion right away. yeah. and that was a very good thing to do on people making over the high end in our population. so here is the thing, though. we are here to have a budget that has revenue coming in that has investments made into the future. we also want to make decisions in those two areas where growth with jobs are created because more are jobs more revenue coming in. nothing brings more money to the treasury of the united states than investment in education of the american people. so we have to recognize that. which cuts really help us and which cuts hurt our future and cuts in education, sigh enfiscal cliff tick research and the rest are harmful and they are what are affected by the sequestration. it is almost a false argument to say we have a spending problem. we have a budget deficit
you raise the taxes $650 billion right away. yeah. and that was a very good thing to do on people making over the high end in our population. so here is the thing, though. we are here to have a budget that has revenue coming in that has investments made into the future. we also want to make decisions in those two areas where growth with jobs are created because more are jobs more revenue coming in. nothing brings more money to the treasury of the united states than investment in education of the american to recognize that. which cuts really help us and which cuts hurt our future and cuts in education, sigh enfiscal cliff tick research and the rest are harmful and they are what are affected by the sequestration. it is almost a false argument to say we have a spending problem. we have a budget deficit
it s the current budget deal that forces us over the cliff january 2nd is going to cause a recession and all sorts of economic calamity in the united states. in other words, the credit rating agencies are actually on the other side of the fence from the fence they were on a year ago when they said what we re really concerned about is you re not cutting the budget enough. right now moody s is saying oh, my gosh, you re going to be cutting the budget too much, you re going to be raising the taxes too much. what everybody has got to real yiesz is take a deep breath and understand what we want at the end is a budget deal that is not a republican deal that basically gives all the tax breaks to the wealthy and at at same time cuts all the programs that most americans depend on and simultaneously acknowledges that right now, although the budget deficit is a problem in the future, it s not a problem right now. we ve got a jobs problem, a growth problem in this country. it s not a budget defici
problem. we can borrow from international markets right now at the cheapest rates we ve been able to borrow. that s not a budget deficit problem. the tax component of going off the cliff is the one that s the most difficult to solve. the spending cuts wouldn t be that hard to solve if they got together on that. but ana mar re, the news polls show that 50% now say they trust president obama on handling taxes. 43% say they trust mitt romney on handling taxes. the president seems to be winning this tax argument. i wonder if someone has to do with someone s missing tax returns. there s some trust issues involved in mitt romney s own personal finances, i think. but there is kind of a wonderful the fiscal cliff is a scary sounding thing, but sometimes when i m thinking about it, i picture the returns
states. in other words, the credit rating agencies are actually on the other side of the fence from the fence they were on a year ago when they said what we re really concerned about is you re not cutting the budget enough. right now moody s is saying oh, my gosh, you re going to be cutting the budget too much, you re going to be raising the taxes too much. what everybody has got to real yiesz is take a deep breath and understand what we want at the end is a budget deal that is not a republican deal that basically gives all the tax breaks to the wealthy and at at same time cuts all the programs that most americans depend on and simultaneously acknowledges that right now, although the budget deficit is a problem in the future, it s not a problem right now. we ve got a jobs problem, a growth problem in this country. it s not a budget deficit problem. we can borrow from international markets right now at the cheapest rates we ve been able to borrow. that s not a budget deficit