President Obama used his weekly address to reiterate his demand for ending tax breaks for "millionaires and billionaires" in any budget deal to raise the nation's debt limit.Even after the ridicule of his absurd statements on "corporate jet owners," he still goes back to the same shtick.
"It would be nice if we could keep every tax break, but we can’t afford them," Obama said. "Because if we choose to keep those tax breaks for millionaires and billionaires, or for hedge fund managers and corporate jet owners, or for oil and gas companies pulling in huge profits without our help – then we’ll have to make even deeper cuts somewhere else."
The president said that students, medical researchers and seniors would pay the price if those tax breaks were not taken away.
"That isn’t right, and it isn’t smart," he said. "We’ve got to cut the deficit, but we can do that while making investments in education, research, and technology that actually create jobs."
Of course a decrease in taxes and burdensome regulations would create plenty of jobs, but why allow the private sector to work when government can do no wrong?