Today the President is hosting a Webcast meeting from Facebook's headquarters. He is expected to discuss the economy, and his plan for reducing the federal deficit. Interesting choice of venue, but not surprising with his ongoing commitment to social media.
National debt is a major concern, particularly after the rating agency Standard & Poor's threatened to downgrade the U.S. credit rating, and Obama has set a goal of cutting the deficit by $4 trillion within 12 years or less.
Obama now plans to touring the nation to tout his plan, including ending tax cuts for those making more than $250,000.
"If we're asking people who are going to see potentially fewer services in their neighborhoods to make a little sacrifice, then we can ask millionaires and billionaires to make a little sacrifice," he told Virginia students on Tuesday.
He will get to make that pitch to the 19th wealthiest person in the United States, Facebook CEO Mark Zuckerberg, who is worth a cool $13.5 billion, Forbes calculates.
Obama will host a Webcast meeting on the economy from Facebook headquarters on Wednesday afternoon.
Business is booming in the tech capital, including at Facebook, the social networking site in a bidding war for talent with the likes of Google and Twitter.
The Silicon Valley economy is recovering from the recession, adding more than 12,000 jobs last year, according to Joint Venture: Silicon Valley. The top shops are in a fight for top talent, as well, say recruiters.
