Obama: Politics of Tax Reform Won't Be Easy

Obama: Politics of Tax Reform Won't Be Easy
1:31 | 02/12/13

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Transcript for Obama: Politics of Tax Reform Won't Be Easy
I realize the tax reform and entitlement reform. Will not be easy. The politics will be hard for both sides. None of us will get a 100% of what we want. But the alternative will cost us jobs and hurt our economy. Visit hardship on millions of hardworking Americans. So let's -- party interests aside. And work to pass a budget that replaces reckless cuts. With Smart savings and wise investments in our future and let's do it without the brinksmanship that stresses consumers and scaring off investors. The greatest nation on. The greatest nation on earth cannot keep conducting its business by dripping from one manufactured crisis to the next. Let's agree right here right now to keep the people's government open and pay our bills on time. And always uphold. The full faith and credit of the united states of a man. The American people -- -- to our. For too long rebuilding from one crisis to see their elected officials because another.

This transcript has been automatically generated and may not be 100% accurate.

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