Paul Stanley
Christian Post
August 2, 2011
After weeks of intense and heated debate, the debt ceiling bill sailed through the Senate with bipartisan support by a vote of 74-26. It passed the House on Monday by a vote of 269-161 and was quickly signed into law by President Obama soon after making his comments from the Rose Garden.
[…]
President Obama addressed the nation from the White House Rose Garden soon after the vote and again made “tax breaks for millionaires, corporate jet owners and oil and gas companies” his subject matter in an attempt to deflect liberal objections that the deal contained no new revenues from tax hikes. Though Obama’s position to include tax hikes in the deal was soundly defeated in Congress, he nonetheless asserted in a signing statement:
“And since you can’t close the deficit with just spending cuts, we’ll need a balanced approach where everything is on the table. Yes, that means making some adjustments to protect health care programs like Medicare so they’re there for future generations. It also means reforming out tax code so that the wealthiest Americans and biggest corporations pay their fair share. And it means getting rid of taxpayer subsidies to oil and gas companies, and tax loopholes that help billionaires pay a lower tax rate than teachers and nurses.”
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