Paul Krugman And Robert Reich Challenge Obama: Stop Giving In To Opposition Republicans!

Leading liberal, progressive voices such as NY Times columnist Paul Krugman, winner of the Nobel Prize in Economics and Professor of Economics at Princeton University, and Robert Reich, former Labor Secretary under Bill Clinton, and Professor of Public Policy at the University of California, Berkeley, have called upon President Obama to stop giving in to Republicans, as they claim he did in December’s and this month’s budget deals.

They call upon the President to work against the temptation to copy the Republicans on the budget issue, and instead call for tax increases on the top two percent, and support the Medicare and Social Security system by recognizing that we must all have shared sacrifice and expect the closing of tax loopholes and the raising of taxes on the middle class, which should have gone up during the Bush administration to cover the wars in Iraq and Afghanistan, and the prescription plan for seniors, all of which was paid for with borrowed money.

This is a bold statement by both, and one awaits Barack Obama’s reaction to the Paul Ryan plan to change Medicare to a voucher system and avoid any new taxes.

The Obama speech will be made public today, and it may have a great effect on united backing of Obama within his party for the 2012 election, and certainly will frame the debate over the budget and the raising of the debt ceiling, challenges the country faces before the year ends!