What did the president mean today when he said No New Taxes, But Must "Tackle Spending In Tax Code"?

...try to keep in mind that Obama is a skilled Professional Political "Obfuscator" ! He speaks to the issues that he believes people want to hear without any regard to bringing his "double-talk" to fruition what-so-ever ! He'll "blow smoke" up your a'ss to confuse you and then "run you around" the Mountain to ware you out with his narcissistic-egotistical, ultra-Liberal, neo Socialist, tax and wast, Nanny State Governmental ideas... all the while being a National entitlement PIMP !