{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='In his weekly radio and Internet address, President Barack Obama said the wealthiest Americans must \u0026quot;pay their fair share.\u0026quot; He invoked budget deals negotiated by President Ronald Reagan and Democratic House Speaker Tip O\u0026#39;Neill, and Bill Clinton and Republican Speaker Newt Gingrich. (July 16)' data-url='/boclips/videos/5c54be72d8eafeecae13bb3f' data-video-url='/boclips/videos/5c54be72d8eafeecae13bb3f' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nIn his weekly radio and Internet address, President Barack Obama said the wealthiest Americans must \u0026quot;pay their fair share.\u0026quot; He invoked budget deals negotiated by President Ronald Reagan and Democratic House Speaker Tip O\u0026#39;Neill, and Bill Clinton and Republican Speaker Newt Gingrich. (July 16)\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eHEADLINE: Obama: I'm willing to compromiseCAPTION: In his weekly radio and Internet address, President Barack Obama said the wealthiest Americans must \"pay their fair share.\" He invoked budget deals negotiated by President Ronald Reagan...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eHEADLINE: Obama: I'm willing to compromise\u003cbr/\u003eCAPTION: In his weekly radio and Internet address, President Barack Obama said the wealthiest Americans must \"pay their fair share.\" He invoked budget deals negotiated by President Ronald Reagan and Democratic House Speaker Tip O'Neill, and Bill Clinton and Republican Speaker Newt Gingrich. (July 16)\u003cbr/\u003e(\"Today, there's a debate going on in Washington over the best way to get America's fiscal house in order and get our economy on a stronger footing going forward.\u003cbr/\u003eFor a decade, America has been spending more money than we've taken in.  For several decades, our debt has been rising.  And let's be honest - neither party in this town is blameless. Both have talked this problem to death without doing enough about it.  That's what drives people nuts about Washington.  Too often, it's a place more concerned with playing politics and serving special interests than resolving real problems or focusing on what you're facing in your own lives.\u003cbr/\u003eBut right now, we have a responsibility - and an opportunity - to reduce our deficit as much as possible and solve this problem in a real and comprehensive way.\u003cbr/\u003eSimply put, it will take a balanced approach, shared sacrifice, and a willingness to make unpopular choices on all our parts.  That means spending less on domestic programs.  It means spending less on defense programs.  It means reforming programs like Medicare to reduce costs and strengthen the program for future generations.  And it means taking on the tax code, and cutting out certain tax breaks and deductions for the wealthiest Americans.\u003cbr/\u003eNow, some of these things don't make folks in my party too happy.  And I wouldn't agree to some of these cuts if we were in a better fiscal situation, but we're not.  That's why I'm willing to compromise.  I'm willing to do what it takes to solve this problem, even if it's not politically popular.  And I expect leaders in Congress to show that same willingness to compromise.\u003cbr/\u003eThe truth is, you can't solve our deficit without cutting spending.  But you also can't solve it without asking the wealthiest Americans to pay their fair share - or without taking on loopholes that give special interests and big corporations tax breaks that middle-class Americans don't get.\u003cbr/\u003eIt's pretty simple.  I don't think oil companies should keep getting special tax breaks when they're making tens of billions in profits.  I don't think hedge fund managers should pay taxes at a lower rate than their secretaries.  I don't think it's fair to ask nothing of someone like me when the average family has seen their income decline over the past decade - and when many of you are just trying to stretch every dollar as far it it'll go.\u003cbr/\u003eWe shouldn't put the burden of deficit reduction on the backs of folks who've already borne the brunt of the recession.  It's not reasonable and it's not right.  If we're going to ask seniors, or students, or middle-class Americans to sacrifice, then we have to ask corporations and the wealthiest Americans to share in that sacrifice.  We have to ask everyone to play their part.  Because we are all part of the same country.  We are all in this together.\u003cbr/\u003eSo I've put things on the table that are important to me and to Democrats, and I expect Republican leaders to do the same.  After all, we've worked together like that before.  Ronald Reagan worked with Tip O'Neill and Democrats to cut spending, raise revenues, and reform Social Security.  Bill Clinton worked with Newt Gingrich and Republicans to balance the budget and create surpluses.  Nobody ever got everything they wanted.  But they worked together.  And they moved this country forward.\u003cbr/\u003eThat kind of cooperation should be the least you expect from us - not the most you expect from us.  You work hard, you do what's right, and you expect leaders who do the same.  You sent us to Washington to do the tough things.  The right things.  Not just for some of us, but for all of us.  Not just what's enough to get through the next election - but what's right for the next generation.\u003cbr/\u003eYou expect us to get this right.  To put America back on firm economic ground.  To forge a healthy, growing economy.  To create new jobs and rebuild the lives of the middle class.  And that's what I'm committed to doing.\u003cbr/\u003eThank you. \")\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" 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(July 16)\" href=\"/subscription/new\"\u003e\u003cimg class=\"resource-img img-thumbnail img-responsive z-10 lp-boclips-thumbnail w-full h-full lozad\" alt=\"In his weekly radio and Internet address, President Barack Obama said the wealthiest Americans must \u0026quot;pay their fair share.\u0026quot; He invoked budget deals negotiated by President Ronald Reagan and Democratic House Speaker Tip O\u0026#39;Neill, and Bill Clinton and Republican Speaker Newt Gingrich. (July 16)\" title=\"In his weekly radio and Internet address, President Barack Obama said the wealthiest Americans must \u0026quot;pay their fair share.\u0026quot; He invoked budget deals negotiated by President Ronald Reagan and Democratic House Speaker Tip O\u0026#39;Neill, and Bill Clinton and Republican Speaker Newt Gingrich. 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