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Office Hours With Brian Deese 7/28/11

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. whitehouse
    Deese will be here soon to answer more Qs on the #debt debate. Office Hours w/ Furman just posted @Storify: http://storify.com/whitehouse/office-hours-with #whchat
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  2. mikehoward51
    @whitehouse Why'd POTUS say he culdn't guarnte SS checks would go out? Mnthly tax receipts cover debt int, SS, Mdicre, Mdicd, mltry. #WHChat
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  3. whitehouse
    .@mikehoward51: we take in only 60 cents for every dollar we owe, so if debt ceiling isn't raised we can't meet all our obligations #WHChat
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  4. whitehouse
    .@chelseywaters: when Senate votes it down it'll reconfirm what we know -- we're at stalemate, and need reasonable compromise #WHChat
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  5. whitehouse
    .@Life_is_2_Short Tough challenge. Need stronger job growth to help lt unemployed. POTUS fought to extend UI in Dec and will again. #WHChat
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  7. Jamion
    @whitehouse If you just keep raising the debt ceiling without actually fixing the issue isn't that just making it worse? #WHchat
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  8. whitehouse
    .@Jamion fixing prblm is hugely impt; but keeping cloud of uncertainty over economy isn't smart. We can cut deficit w/o hurting our econ
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  9. gugaf1SP
    #WHChat Does Obama supports Harry Reid's proposal? Is there an exact deal that he supports at the momment or none that have come fourth?
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  10. whitehouse
    .@gugaf1SP: Obama's preference is $4t balanced plan. But Reid plan is a fair downpayment & lifts uncertainty weighing on our economy #WHChat
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  12. whitehouse
    .@SpencerAdams90 If you mean should we be tightening the defense budget, answer is yes, needs to be part of a balanced approach #WHChat
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  13. StrongDems
    Dearest #WHchat, Are we on track to repeat the same mistakes of 1937 when we invested less in the economy? #p2 #DebtCeiling
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  14. whitehouse
    .@StrongDems can't afford to make that mistake again. Need short-term support from payroll tax cut & to phase in any deficit deal #WHChat
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  16. whitehouse
    .@nelsonkjh On will it fail? all 53 D senators oppose and several senate Rs oppose as well, so yes. #WHchat
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  17. McJeager
    @whitehouse I am trying to buy a house. If this deal can't be reached will it affect the housing market? #whchat
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  18. whitehouse
    .@mcjeager Higher interest rates to start. Default would drive up rates across the board, for mortgages, cars, student & biz loans #WHChat
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  19. joeschmeling
    @whitehouse What is the administrations thoughts/position on the Simpson-Bowles Debt Reduction Committee's recommendations #WHChat
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  20. whitehouse
    .@joeschmeling while don't agree w/every aspect, hugely impt & responsible framework - balanced, bipart; kind of big plan we need #WHChat
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  21. TXTrendyChick
    @whitehouse If Obamacare, sorry, Health Care Reform was repealed, what would that do to the numbers? #whchat
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