Dem Rep: No Entitlement Reform, Focus On Areas 'That We Can Get More Revenue'

MAXINE WATERS: “Well, you know, the Republicans are talking about, what all they’re going to do with these tax cuts. The president has said we cannot cut our way out of a deficit and he’s absolutely correct. The first thing that we’ve got to do is look at where we still have unfairness in the tax system and make sure that the people of influence, the billionaires and the millionaires and the corporate interests are paying their fair share. And I believe that whether we’re talking about the financial speculation tax or the elimination of the carried interest or defense spending, we’ve got areas that we could look at to get fair share so that we’re able to take care of the basic needs of this country rather than going to Medicare and Medicaid and Social Security and focusing on those areas as the only place that we can get more revenue.”