I heard Obama saying that we need to raise taxes on the "rich" right now, but that we can wait until next year to figure out where to make the cuts. That means the cuts would never happen.
Those that don't learn from history are doomed to repeat it.
Reagan agreed to tax increases in his first term...based on the promise from O'Neill and the dems that for every $1 in tax increases...there would be $2 in budget cuts.
Same kind of deal with the 1986 amnesty bill. Dems promised to get money for border security if Reagan signed this bill.
Bush 41 and his "read my lips" pledge...he got suckeerd on that the same way reagan did in in '82 (see above)
And here they come again saying just increase the taxes and we'll talk about cuts later...because they know that Republicans have a history for falling for Democrts lies and broken promises.