in a balanced way. so that in order to get our fiscal house in order, we re not asking seniors or vulnerable americans to bear all the burden while giving the wealth neiest americans, for example, an added tax cut. he doesn t believe that s the approach the american people want and certainly not his approach. so it s a combination both of how people assess why we are where we are, but also where we re going and who has the best ideas about where we should go. jay, all of washington have their eyes on the supercommittee, their deliberations have to be wrapped up fairly soon in order to deliver something on schedule, some sort of long term deficit reduction program on schedule. there have been predictions the supercommittee will fail if they won t come to an agreement. some democratic senators have made that prediction. i want you to listen to what george wills said about the supercommittee yesterday. the president needs this
important in the tax deal was not that my mind was changed around the bush tax cuts, i still think that they were a bad idea, but i think i was able to recognize was that at this juncture the country will kneel better about itself and that will have important ramifications. the most important deficit reduction program that i can initiate is to get this economy growing again. and boy so now he s decided that the bush tax cuts should be let go, should expire, and he says that is going to make the country not feel great about itself. at the very end after that he s got this quote which is the confidence quote, it s called confidence is the coin of the realm in america, it always has been. he got his confidence battered. he got here being a confident guy unflappable. that s been bruised. he got the wind knocked out of him in the first two, two and a half years. he says it s not about me being confident, leadership in this office it s somehow to make the american people feel confident.
ahmed karzai. he ll also be focusing on the palestinian question of statehood. the trip comes a day after unveiling his deficit reduction program. speaking in the white house rose garden, president obama got tough on his political opponents, threatening to veto any attempt to reduce the deficit using cuts alone. even before the president introduced the so-called buffett rule yesterday, several republicans were already complaining, calling it class warfare. president obama maintains, as he likes to say, he has a balanced approach. i reject the idea that asking a hedge fund manager to pay the same tax rate as a plumber or teacher is class warfare. either we gut education and medical research, or we have to reform the tax code so that the most profitable corporations
the hallmark you re going to be in trouble. important information for everybody out there. thank you sochlt. straight ahead, president obama will unveil his deficit reduction program. they re waiting for him. we ll be right back. been torn apart got so many scratches and scars maybe time can mend us together again it s not what we ve done but how far we ve come i know that we will recover [ male announcer ] here when you need us most. is best absorbed in small continuous amounts.
to the congress, members of all parties, we ve got to get together and agree on something to deal with the job crisis and the deficit and debt. that s the thing that the american people most want, it s the thing that will most restore american confidence in our future. and, frankly, i don t think this congress is in a mood to adopt very expensive, another round of stimulus programs. i don t think we want to increase the debt again in that way. but i think if we agree on a bipartisan deficit reduction program, that will give confidence to business that it knows what s coming. and it s from business that the jobs are going to be created. they re not going to be created by government and shouldn t be in the next point of our history. and i think to do all that the president has to say that he s willing to accept some changes in, for instance, medicare that aren t politically popular among democrats if republicans will