This is a video of President Obama at a White House press conference addressing the deficit negotiations. He acknowledges that some hard spending cuts will have to be made, but on the flip side we also need to address tax breaks and subsidies for industries such as the oil industry. I’d like to just take a moment and remind the GOP that subsidies are not part of the free market, so why are you working so hard to protect them? If these industries are in real demand, they should be able to profit and thrive without them, no? Cutting spending without increasing revenue is not a valid solution. However, if you cut spending while simultaneously increasing revenue, you reach your goal a lot faster. If you were really serious about decreasing the deficit everything would be on the table.