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Flashback: Obama insists gov't can raise over $1 trillion in revenue -- without tax increases

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US President Barack Obama speaks during an event with middle class Americans who would see their taxes go up if Congress fails to act to extend the middle class tax cuts, in the South Court Auditorium of the Eisenhower Executive Office Building next to the White House in Washington, DC, on November 28, 2012. Credit: AFP/Getty Images

Not that this will make a difference to the lamestream media who are working overtime to carry Obama's water, but the president's own words contradict his staunch new demands for tax increases.  On July 22, 2011 the president offered a plan to raise the debt ceiling by closing loopholes and not raising taxes:

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