And it’s very difficult to see how you make up that trillion dollars -- if we’re serious about deficit reduction -- just by closing loopholes and deductions. You know, the math tends not to work. And I think it’s important to establish a basic principle that was debated extensively during the course of this campaign.
OBAMA: I mean, this shouldn’t be a surprise to anybody. This was -- if there was one thing that everybody understood was a big difference between myself and Mr. Romney, it was, when it comes to how we reduce our deficit, I argued for a balanced, responsible approach, and part of that included making sure that the wealthiest Americans pay a little bit more.
I think every voter out there understood that, that was an important debate, and the majority of voters agreed with me. Not -- by the way, more voters agreed with me on this issue than voted for me. So, we’ve got a clear majority of the American people who recognize, if we’re going to be serious about deficit reduction, we’ve got to do it in a balanced way.
The only question now is are we going to hold the middle class hostage in order to go ahead and let that happen?
Or, can we all step back and say, here’s something we agree on, we don’t want middle class taxes to go up. Let’s go ahead and lock that in. That will be good for the economy. It will be good for consumers. It will be good for businesses. It takes the edge off the fiscal cliff, and let’s also then commit ourselves to the broader package of deficit reduction that includes entitlement changes and it includes potentially tax reform as well as I’m willing to look at additional work we can do on the discretionary spending side.
So, I want a -- big deal. I want a comprehensive deal. I want to see if we can, you know, at least for the foreseeable future, provide certainty to businesses and the American people so that we can focus on job growth, so that we’re also investing in the things that we need, but right now what I want to make sure is that the taxes on middle class families don’t go up, and there’s an easy way to do that. We could get that done by next week.
Rory Montenegro (ph), Telemundo.
QUESTION: Thank you, Mr. President.
QUESTION: On immigration reform, the criticism in the past has been that you did not put forth legislation with specific ideas and send it up to the Hill. This time around, you have said again that this will be one of the top priorities for a second term. Will you, then, send legislation to the Hill? And exactly what do you envision is broad immigration reform? Does that include a legalization program?