First, he interchanges debt and deficit. Not the same at all.
Second, tax cuts are 'paid for' by anything. That means that the government has to take care of it's business with the money it has. No more borrowing.
He said that the debt doesn't matter. Well, that is the reason our credit rating is being lowered. No other reason. What does he not get? Again, that is personal, he is the President and it's his job to understand.
He wants 'folks' to pay their fair share. Forbes 400 list was released on Wednesday. Their TOTAL worth is only about 1/3 of the debt and about the budget of the US government for 1 year. We could take all their assets, not taxes on income, but their entire portfolio of assets and operate the government for a year. Think of that. These folks would be dead broke, the national debt would still be $16T, and a larger portion of the individual tax collection would be gone (remember we took all their assets, so no more income, they probably end up in section 8 with SNAP). Now it's 2014, one year into Obamas second term, and the deficit will be HUGE because he wiped out the personal income tax base. Real Smart Guy in the White House.
Tell me you really support his (and the democrat party) policies and why.