Office Hours with Brian Deese 7/26/11

Brian Deese, Deputy Director of the National Economic Council, responds to your questions on President Obama's speech and the ongoing deficit debate in the first White House office hours. http://www.wh.gov/officehours

  1. Starting shortly: WH Office Hours w/ Brian Deese, Economic Advisor to the President. Use #WHChat to ask your Qs. http://www.wh.gov/officehours
  2. Brian is here -- we're kicking off our first WH Office Hours now. Ask your Qs with #WHChat. http://www.wh.gov/officehours
  3. one of the top drivers of the debt is bush tax cuts for the rich, why not end them now if you really want to cut debt #WHChat #p2
  4. .@gmo418: POTUS strategy is to cut deficit and debt over medium and long term, phased in to not jeopardize economic growth #WHChat
  5. @whitehouse #WHChat Why has POTUS taken so long to highlight source of present debt? Bohner, McConnell, Cantor all voted 4 expenses w/ Bush
  6. .@hippie2u: Check out new chart on sources of the debt. http://wh.gov/rBp. #WHChat
  7. #WHChat How is either Reid or Boehner plan solution w/out revenue increases? Mid-class & poor sacrifice more & rich nothing so what balance?
  8. .@RebelRepublican POTUS wants balanced $4T plan. House GOP balked. Reid plan = downpayment & compromise, removes uncertainty avoids default
  9. snapped a pic of Brian Deese answering ?'s during #officehours more info: http://goo.gl/L0EwB follow #whchat http://t.co/kVDj6x6
  10. #WHchat Is the plan to cut all Corp Subsidies or just a select few?
  11. thx @Chris_For POTUS plan would eliminate subsidies that don't help economy (e.g. oil&gas) while reforming tax system to promote growth
  12. @whitehouse Why does everyone always talk about medicare and SS cuts but don't talk about the other budget items that are wasteful? #WHChat
  13. .@GadgetVirtuoso: Key reason we need balance, with revenue, defense & all on table, is w/o, burden on prgms like medicare & SS = too great.
  14. & here's another. FYI Brian Deese is Deputy Director of the National Economic Council #WHChat http://t.co/38zXbdh
  15. I heard the news mention wks ago that POTUS can use the 14th amdt to incr the debt ceiling. Is that true? Is he willing to do it? #WHChat
  16. .@EMT_stofferj: sadly, no offramps exist. Only Congress can act to raise debt limit and remove uncertainty weighing on our economy #WHChat
  17. #WHChat What are the odds of a compromise being reached before the deadline? The markets will recover faster the faster it's done.
  18. .@cjmarsh725: We are confident this will get done, but now is the time for action. For sake of economy, need common-sense compromise #WHChat
  19. @whitehouse @cjmarsh725 #WHChat Obama doesn't even have a written plan, he's flying by the seat of his pants trying to run this country!
  20. .@SSReaney @cjmarsh725. Read POTUS's balanced $4t plan here: http://www.whitehouse.gov/the-press-office/2011/04/13/fact-sheet-presidents-framework-shared-prosperity-and-shared-fiscal-resp #WHChat
  21. Shouts in the office when Deese figures out how to shrink his answer down to 140 - on the nose! #WHChat
  22. we're not hearing much about the FAA - what is the financial impact of the shutdown? #WHChat
  23. .@progressvnproud FAA shutdown = senseless econ harm: ~4k employees furloughed, construction halted nationwide. Congress must act #WHChat
  24. #WHChat Would it be possible to get the numbers involved in our budgeting 'crisis' in a clear and succinct format online?
  25. .@cjmarsh725: Here you go, our debt challenge in one graphic. http://wh.gov/rBp. #WHChat

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