It was a mixture of policy and red meat in the Rose Garden Monday morning as the president outlined his deficit reduction plan and rebutted GOP critics who argue that he is attempting to pit the wealthy against the middle and lower classes.
"This is not class warfare," Obama said as he urged a tax crease on wealthier Americans. "This is math."
CNNMoney.com has the recap from the rest of the speech:
NEW YORK (CNNMoney) - President Obama unveiled a plan on Monday to cut the national debt by roughly $3 trillion over the next decade.
Obama's plan reflects his vision for how best to put the country on a more fiscally sustainable course, so it is different in nature than the kind of legislative compromise he was trying to broker this summer during the debt-ceiling debate, a senior administration official said.
A driving principle behind the proposal is that high-income individuals and corporations should pay more in taxes than they do currently so that they will bear some of the burden of debt reduction going forward.
Indeed, in remarks on Monday morning, the president said he'll veto any debt-reduction legislation that cuts benefits and doesn't include higher taxes on the wealthy. "I will not support any plan that puts all the burden on ordinary Americans," he said.