Obama's debt plan
September 19th, 2011
06:00 PM ET

Obama's debt plan

Never mind about debt and deficits, today’s Rose Garden speech was largely about politics.

“I will not support. I will not support any plan that puts the burden on regular Americans," President Obama said today.

Burned after the summer's debt deal with Speaker John Boehner fell apart, the president is throwing down the gauntlet with a veto threat.

“I will veto any bill that changes benefits for those who rely on Medicare but does not raise serious revenues by asking the wealthiest Americans or biggest corporations to pay their fair share,” the president said. FULL POST

September 19th, 2011
05:32 PM ET

Obama campaign arms Jewish voters with information

NEW YORK, NY (CNN) - As part of an ongoing outreach to Jewish voters and in response to mounting criticism of President Obama's record on Israel, and polls showing support in the Jewish community slipping, the Obama campaign is mounting a vigorous defense beginning with a national conference call on Tuesday.

In an email to Jewish supporters, Ira Forman, Jewish Outreach Director for the Obama campaign said, "the other side is working hard to distort the President's record - particularly when it comes to his strong support of Israel. To set the record straight, it'll be up to supporters like us who know the truth to get the word out."

DNC chair Rep. Debbie Wasserman Schultz and former Rep. Robert Wexler, president of the S. Daniel Abraham Center for Middle East Peace, will join the call to listen to concerns and walk participants through the president's record. The call will be followed with more details on the president's record posted on the campaign website.

The outreach takes place as President Obama is set to take center stage at the United Nations General Assembly in New York City, where he's expected to address the issue of  Palestinian statehood.

Topics: President Obama • Re-election • The News
Obama talks tough on tax increases for rich
September 19th, 2011
11:39 AM ET

Obama talks tough on tax increases for rich

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.


Topics: President Obama • The News
Morning Briefing: Selling the 'Buffett plan'
September 19th, 2011
08:23 AM ET

Morning Briefing: Selling the 'Buffett plan'

The 1600 Blog's daily roundup of what the White House is reading this morning online and in the papers:

The White House's background preview of President Obama's deficit reduction plan has unleashed a flurry of analysis the morning ahead of the president's official unveiling of the $3 trillion cuts proposal. One thing that's clear at this point: calling for the raising of taxes on the small percentage of Americans who make more than $1 million a year is good politics for the president and naming it the "Buffett plan" is a quick-and-easy way to sell it to the American people:

Obama to unveil $3 trillion in debt cuts [CNNMoney]

Obama to propose Buffett Rule [CNN]

President Obama picks a political fight on taxes [WashPost]

White House hopes to cut costs by buying in bulk [WashPost]

Meanwhile, the campaign trail, Mitch Daniels is calling for a higher level of dialogue among the GOP hopefuls. Daniels of course passed on a run last spring:

Republican Calls for a More Honest Debate [NYTimes]

And Obama is finding September is often a difficult month during his presidency:

For Obama, another September of discontent [WashPost]

POTUS' Day Ahead: Outlining deficit reduction
September 19th, 2011
07:32 AM ET

POTUS' Day Ahead: Outlining deficit reduction

It's a busy beginning of the week for the president. First he will unveil his deficit reduction plan in a high-profile Rose Garden speech at 10:30 a.m. The White House has already said the president will push for increased taxes on high-income earners, a non-starter for most Republicans. Other cuts will come from changes to medicare, reductions in interest expenditures and the wind-down of the wars in Iraq and Afghanistan.

Later Monday, the president will head to New York City, where he will spend the next day and a half attending events at the United Nations General Assembly. But it won't all be official diplomatic business, the president also has a closed-door fundraiser scheduled for Monday evening in the city.

Full schedule after the jump:

Topics: Daily Schedule