“[N]o one is saying that [taxes on everybody have to be increased] right now, and someone has to say it. …[I]f we are going to succeed, we have to face our problems squarely, and the deficit is one problem and that requires taxes on a lot of people not just the wealthy.
… If you talk to CEOs, they say uncertainty about the future, I need a rainy day fund and not enough demand. You deal with uncertainty with the deficit reduction, out years, not now, dealing with the issues that I mentioned earlier.
And then if you’re able to do that, you stimulate demand with a massive, massive infrastructure program, $1 trillion over five years.”