MORNING STAR • december 2 - 8, 2010
Final Word
PAGE 47
Debate over extending tax cuts
Following are excerpts from President Obama’s statement on the recent bipartisan leadership meeting. “First, we should work to make sure that taxes will not go up by thousands of dollars on hardworking middle-class Americans come January 1st, which would be disastrous for those families but also could be crippling for the economy. There was broad agreement that we need to work to get that resolved before the end of the year. “Now, there’s still differences about how to get there. Republican leaders want to permanently extend tax cuts not only to middle-class families but also to some of the wealthiest Americans at the same time. And here we disagree. I believe, and the other Democrats who were in the room believe that this would add an additional $700 billion to our debt in the next 10 years. And I continue to believe that it would be unwise and unfair, particularly at a time when we’re contemplating deep budget cuts that require broad sacrifice. “Having said that, we agreed that there must be some sensible common ground. So I appointed my Treasury Secretary, Tim Geithner, and my budget director, Jack Lew, to work with representatives of both parties to break through this logjam. I’ve asked the leaders to appoint members to help in this negotiation process. They agreed to do that. That process is begin-
ning right away and we expect to get some answers back over the next couple of days about how we can accomplish our key goal, which is to make sure the economy continues to grow and we are putting people back to work.”
Vital Stats
Federal Debt as of December 1, 2010 at 9:25 a.m. $13,797,257,919,768 Population of United States 309,580,292 Each citizen’s share of debt $44,568 The average citizen’s share of debt decreased $33 the past eight days. The debt decreased by more than $8 billion and the population increased by 47,641 Source: brillig.com/debt_clock
Last Laugh From a court reporter’s notebook Attorney: Doctor, how many of your autopsies have you performed on dead people? Witness: All of them. The live ones put up too much of a fight.
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