Anything that would cost serious money, and disrupt his deficit-reduction plan, was ruled out.
In some quarters, the conventional wisdom is that the deficit-reduction plan will have to include tax increases, such as higher federal estate tax rates with lower exemptions.
Mr Miliband appealed to voters who backed the Conservatives at the general election, because they believed their deficit-reduction plan was right, to "look afresh at the evidence".
BBC: Ed Miliband: Cuts plan has locked UK into vicious cycle
The fiscal cliff includes automatic, across-the-board spending cuts set to trigger at the beginning of next year if Capitol Hill fails to work out a deficit-reduction plan.
But this strengthens the case for a credible deficit-reduction plan.
Their goal is to persuade voters to push Republicans to agree to higher tax revenue as part of any plan to replace the budget cuts with a longer-term deficit-reduction plan.
Mr. Obama said he hoped that once the dust settled on the sequester, the two sides could pivot to renewed discussion of tax and entitlement overhaulsthat could produce a long-term deficit-reduction plan.
Great Britain, with high deficits, mounting debt, and a deficit-reduction plan that just might not work, retains its triple-A rating because it has its own currency and the rating companies increasingly consider governance when deciding whether to downgrade.
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Known in Washington jargon as sequestration, the forced spending cuts to the military and other government agencies -- but not entitlement programs that drive chronic federal deficits -- were intended to motivate Congress to come up with a comprehensive deficit-reduction plan sought by both sides.
In the 2011 debt ceiling deal that ended a showdown over whether to increase the federal government's borrowing limit to meet its obligations, Congress and the White House agreed to include the automatic spending cuts of sequestration as motivation to pass a comprehensive deficit-reduction plan.
CNN: Obama calls for short-term fix to imminent spending cuts
But our poll found that there is a bipartisan, compromise plan in Washington that Americans overwhelmingly support: the revamped Simpson-Bowles deficit reduction plan.
FORBES: The Compromise That Americans Want To Break The Budget Deadlock
Tuesday, Obama urged Congress to pass a short-term deal that puts off the cuts, allowing some breathing room for a long-term deficit reduction plan.
Party members rejected calls for the Lib Dems to abandon support for the coalition's deficit reduction plan - backed by Nick Clegg and his ministers.
The size of the raise in the debt ceiling in the near-term (a larger raise in the ceiling buys the politicians more time to create a longer-term deficit reduction plan).
But a quick look back at the original Bowles-Simpson report can fill in the gaps, providing insight as to what tax proposals we can expect from the as-yet-to-be-released deficit reduction plan.
FORBES: Days Before Sequester, Bowles and Simpson Offer A Second Plan For Fiscal Sustainability
The Simpson-Bowles deficit reduction plan that the Campaign to Fix the Debt has advocated is a clear way forward to avoid another crisis this summer, when the debt ceiling comes up for review again.
FORBES: The Compromise That Americans Want To Break The Budget Deadlock
America's government, for instance, needs a medium-term plan for deficit reduction, but cutting back spending viciously in the short term at a time of private-sector retrenchment would be a mistake.
And that suggests that should Congress and the next administration engage in a major deficit reduction plan, long-term care needs could easily be ignored, swept away by much more powerful tides of fiscal austerity.
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"Even with action now to kick-start the recovery alongside a balanced plan for deficit reduction, we cannot secure Britain's long-term future unless we fundamentally reform the way our economy works, " he added.
BBC: UK business too focused on short term, says Labour report
Each supports Mr Sarkozy's deficit-reduction targets, but refuses to approve his plan to write a deficit rule into the constitution.
That's why it would be folly to cut investment in clean energy by 70 percent, which one plan for long-term deficit reduction would entail.
But campaigners say real progress was made between 2000 and 2010 and have expressed concerns that this could be endangered by cuts to the welfare budget - including curbs on tax credits and housing benefit caps - central to the coalition's deficit reduction plan.
That's why he has put deficit reduction in his budget proposals as well as long-term plan, and why he asked the Vice President to lead these serious negotiations.
Since any realistic deficit reduction plan will require significant new revenues, is a Value-Added Tax a sensible way for government to raise those extra dollars?
FORBES: Deficit-Fix Cage Match: VAT Vs. Higher Income Tax Rates
And reforms to target waste, inefficiency, and price-gouging by the insurance industry will help make this the largest deficit reduction plan in over a decade.
WHITEHOUSE: Weekly Address: The Patient��s Bill of Rights and Health Reform | The White House
They have long argued that Labour have failed to put forward an alternative to the government's deficit reduction plan and would simply borrow more to pay for a short-term stimulus.
The President also has a plan which deals with medium- and long-term deficit and debt reduction, and laying a foundation for future economic growth.
He was one of three House Republicans appointed to the deficit-reduction commission led by Alan Simpson and Erskine Bowles in 2010, and he crafted a plan with former White House budget director Alice Rivlin to slow the cost of Medicare.
And finally, they must design a fiscal plan than includes both short-term stimulus and real long-term deficit reduction.
And he hopes that the Republicans will join him on that path and achieve this -- take advantage of this opportunity and lock in a plan that would achieve significant deficit reduction, would protect the middle class, and would help our economy.
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