WASHINGTON (MarketWatch)
President Barack Obama criticized House Speaker John
Boehner's deficit-reduction plan on Tuesday, saying that it didn't add up
"Unfortunately, the speaker's proposal right now is still out of balance," Obama
said in an interview with Bloomberg TV
"When you look at the math, it doesn't
work."
The president added that there would be no fiscal-cliff deal without
higher taxes on the wealthy House Republicans made a counteroffer to Obama's
deficit-cutting plan on Monday, calling for $800 billion in increased revenue
without hiking tax rates
Obama said closing loopholes and deductions would only
raise $300 billion to $400 billion, and "that is not enough."
Welcome
José Ruiz Varela, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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