President Obama was in his element on Wednesday: Shirt sleeves rolled up, lively and animated, clearly enjoying the youthful, largely sympathetic audience at Facebook’s Silicon Valley headquarters, and the theater-in-the-round setting that enabled him to kibitz with the company’s youthful founder and CEO, Marc Zuckerberg.
Indeed, it was in a humorous vein that the president made his case on the normally staid subject of debt reduction. The White House plan for tackling America’s looming debt crisis calls for $4 trillion in deficits to be eliminated over the next decade, in part by cutting spending but also through a tax hike. This would come in the form of allowing the Bush-era tax cuts for the nation’s top income bracket to expire at the end of 2012.
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