The NYT article, "Obama [Deficit] Speech Defends Liberal Principles," ends with this quote:

“They want to give people like me a $200,000 tax cut that’s paid for by asking 30 seniors to each pay $6,000 more in health costs,” Mr. Obama said. “That’s not right, and it’s not going to happen as long as I am president.”
It is impressive that he made this point. And it's a point that can not be said enough to the public. Many do not understand or are not willing to understand that tax cuts for the rich do not simply liberate money for the economy (ideology) but creates a loss that's transformed into a cost for many others (the reality). The money was never free to be liberated. It was an integral part of the governing system. Its removal from this system only demands a replacement.