Obama in interview with WCCO, Minneapolis, Minnesota (An NNS player/Waiting to hear about video access)
** “I’ve already cut a trillion dollars in spending,” Obama said. “I’m willing to do a lot more cuts in spending. We also need to pair it up with a little more revenue.”
** “What I don’t want to do is ask seniors to pay a lot more up for Medicare, or young people to pay a lot more for college because they’re not getting the same deal on student loans just to finance a tax cut for me,” he said. “I think that if we can get that change in attitude on that particular issue, we should be able to get something done before the end of the year.”
** “I remain hopeful that we can get this resolved. It shouldn’t be hard to get resolved,” he said.
** “So the big problem right now is that the Republicans in the House are resistant to the idea of the wealthiest Americans paying higher tax rates and I understand they have a philosophical objection,” he said. “On the other hand, we’re willing to make some really tough decisions about spending cuts, we’ve already made a trillion dollars’ worth of spending cuts.”