Increased revenues, meaning higher taxes, will be a central element of any successful long-term budget plan, and President Obama is right to insist that the wealthy - the slice of America that has come through the recession in by far the best financial health - should provide those funds.

Summary

This quote emphasizes the importance of increased revenues in developing a successful long-term budget plan. It supports the stance of President Obama, who argues that the wealthy Americans, who have fared the best financially during the recession, should bear the responsibility of providing these funds. The idea is that raising taxes on the wealthy portion of society will contribute to higher revenues and help meet budgetary needs effectively. The quote implies that it is fair and just for the wealthiest individuals to contribute more towards the financial well-being of the country.

Topics