"The problem that I've seen in the debate that's been taking place and in some of these Tea Party events is, I think they're misidentifying sort of who the culprits are here...As I said before, we had to take some emergency steps last year. But the majority of economists will tell you that the emergency steps we take are not the problem long-term. The problems long-term are the problems that I talked about earlier. We had two tax cuts that weren't paid for, two wars that weren't paid for. We've got a population that's getting older. We're all demanding services, but our taxes have actually substantially gone down.
So the challenge, I think, for the Tea Party movement is to identify, specifically, what would you do?...It's not enough just to say get control of spending. I think it's important for you to say, I'm willing to cut veterans' benefits or I'm willing to cut Medicare or Social Security benefits or I'm willing to see these taxes go up. What you can't do, which is what I've been hearing a lot from the other side, is we're going to control government spending, we're going to propose $4 trillion of additional tax cuts, and that magically somehow things are going to work..."
—President Barak Obama