Barack Obama actually said...

"What we need to do is raise the cap on the payroll tax so that wealthy individuals are paying a little bit more into the system."

"The President's budget recognizes the enormous challenges and threats we face because of the ways we use energy."

"I do not believe you can cut entitlements, Medicare, Medicaid, $800 billion. That money is out the door."

"We talk about balancing the budget. We talk about sound dollars. But the policy we have got in place here to fix it is not consistent with the ideal policies we want to have."