President Barack Obama is calling on both parties to compromise in order to head off cuts in military spending set to take effect next year – and he made it clear he expects the wealthiest Americans to do their part, too.
“Democrats have to understand we’re going to need some additional spending cuts, and Republicans have to understand we’re going to need some additional revenues,” Obama said Monday in an Oval Office interview with The Virginian-Pilot, part of a regional media outreach offered by the White House.
Keep reading this article at: http://hamptonroads.com/2012/08/obama-calls-compromise-avoid-military-cuts.