No bull, European countries spend an even larger percent of GDP than we do. Obama believes the American people should cough up another 5% at least. Since European citizens do, Obama thinks the American people are greedy and holding out. He wanted ALL Bush cuts to expire, but knows you take what you can get as you can always come back to the well for more later. They will not feel ANY need to cut unless we spend as large a percent as other western nations. That's the no bull truth.