What is Obama's plan to cut the deficit by a meaningful amount?

Since raising taxes on the rich will only cut the deficit by 5% a year. And that's using Obama's own numbers but he doesn't mention the 5% fact conveniently.





What is the plan for the other 95% of the deficit?|||he doesn't have a plan...never did...the was all talk, never put anything down on paper|||There is no real 'plan'. There is political posturing along with claims of future impossible tax revenues (based on unemployment dropping to ~4% and jobs paying much better than expected wages). The current 'plan', which both major parties are guilty of supporting, is to use smoke %26amp; mirrors to hide the actual debt along with the absurdly low debt payment projections.





The Plan: Make it past the 2012 election and then turn the problem over to that Congress. (Which, like the Congresses of the past 50 years, will also obscure the problem with faux accounting reporting).





We will not have to wait too long for the federal treasury's current AA+ rating to drop to AA or A+.|||Not only does he not have one





He doesn't want to have one.





The last thing he wants to do is shrink government, or its role in society.|||lower the pay of all tea party members and cut spending in their states. Pus stop all wars!a little tax for the very well to do.|||Privatize military services like Bush did with Bechtel in Iraq with the troops water.|||His plan is not to help but to hurt.|||Obama DOESN'T have a plan...|||He doesn't have a plan.|||He has no plan. He is waiting for others to come up with a plan. The guy follows, he does not lead..