What I would have like to have heard was something like this.


My fellow Americans, We are going through a difficult time of our own making. Washington and the people who are elected to solve these problems have lost site of what this country is about.

Here is my plan. I will call the senate to task this afternoon. We will pledge to set election politics aside and do what needs to be done to solve these issues.

I suggest to you that
#1,We need to find a way to generate more revenue for the federal government. To do that I will propose a national !.5% sales tax on everything except food.

#2. I propose a 15% flat tax to everyone. We close all the loopholes and deductions.

#3. I will propose a 2% import tax on all products except food.

Now that we have a plan to increase federal revenue,we will attack federal spending. We will begin with entitlements. I propose we move our federal budget back to where it was in 2008. I propose we reduce military spending by 10% immediately.

I will insist that the congress put a hold on healthcare reform until we have a surplus budget.

Lastly, I will make good on my election promise to work with the other side to solve these very serious problems now.

Barack Obama.

Had we heard anything even remotely close to those words, I would vote for him in the next election. That is what leadership is. Have a plan and the means to implement it.

Not passing blame and making excuses.

Goes without saying that even if he found a cure for cancer and AID's there will still be people complaining how he attacked and hurt the pharmaceutics companies and hurt the economy by doing so.

Being president has always been a no win scenario with the public

http://www.cbc.ca/m/rich/business/st...back-kids.html

S&P said it made its decision to downgrade the U.S. rating because it lacks confidence that the country's political leaders will make the choices needed to avert a long-term fiscal crisis.

The two other principal ratings agencies, Moody's and Fitch, kept the U.S. at the triple-A grade but warned its continued rising debt level was not consistent with holding the top ranking. Moody's also issued a "negative" outlook on the U.S.

Canada, Australia and Sweden have suffered similar downgrades and recovered to reclaim the coveted triple-A rating, but not without steering through some tough years and making equally tough decisions on spending.

The countries join Austria, Denmark, Finland, France, Germany, Netherlands, Norway, Singapore, Switzerland and the United Kingdom as the world's major triple-A nations.

Other countries, such as Iceland and Ireland, saw their triple-A ratings evaporate as their economies suffered near-death blows during the 2008 financial crisis and show no signs of returning to top-tier status soon, if ever.

TD's Alexander acknowledges the U.S. government has some big problems, but if it buckles down, gets its economic and political houses in order, it faces little risk of an economic relapse or a further decline in its credit rating.

so because he didn't say exactly what you want, it's his fault that you're not going to vote for him?

I think what Minte was trying to say was that because Obama didnt say anything even remotely hinting towards what steps they were going to take is why he's not gonna vote for him.

The speech was pretty weak. I am sick of excuses and want a solid plan in place on what our politicians are going to do to help fix the situation. I'm sick of the fighting between the 2 parties.

They can print money. They are AAA... Debt can be repaid overnight with massive inflation... There is no chance of default, except politically.

He's doing exactly what he was installed to do :2 cents:

No Chance? Then why was Obama on TV every day for a week, up to the Last 24 hours right before the default?

Remember we were going to default, or nnot pay old people or what ever fear they wanted to say at the time.

Yes Both sides use fear, just saying!

+1

the dude folds like an old lawn chair

Who are we talking about? The commander in chief.the LEADER of the free world. The most powerful man on the planet..

Not sure you understand how economic systems work. Looks like you, Greenspan and Bernanke have something in common.:1orglaugh

Greenspan and Bernanke aren't Canadian. :)

The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void. ?Section 4 of the Fourteenth Amendment

Oh and Warren Buffet too.

It would be a disaster and would fuck up the balance, but technically they could. The US would definitly lose it's status as the world's reserve currency quickly thought.

With a 4 % sales tax your whole national debt would be repaid in a few years. Logically, you guys aren't even close to defaulting right now.

Your politiccal system is just so polarized that it makes everything highly political and explosive, and in the end, nothing gets done because both party are destroying each other's work.

Both good actors! :thumbsup