obama favors a pay as you go system (not used by the bush administration) of budgeting in government. if you want to cut taxes for something, you have to cut spending somewhere else, or put another way, if you're losing revenue then you have to find money someplace else.
"you can't keep running up the credit card, under the name of our children borrowing from the bank of china."
he'll roll back bush tax cuts for the wealthy. it will go back to the way it was under the bill clinton administration, he said.
"they were rich then and they will still be rich after i am president. rest assured."
"i am a progressive," he said. progressives need to be more fiscally conservative that the conservatives. there are a lot of needs so we can't waste. "I want to examine and eliminate some spending."