Wednesday, June 29, 2011

President Obama Press Conference: Opening Statement

It’s a sad day in the United States when we have a Congress that refuses to do its job and the President has to take to a podium to remind them how to do it. The President seemed slightly forceful in his delivery and sure that a deal would be reached regarding the raising of the debt ceiling.

Is it just me or does anyone else feel like the Congress is having a misguided debate? Why are we re-debating the budget, wasn’t this resolved in April? To the average American who doesn’t subscribe to the hocus pocus math that the GOP is trying to feed us, it’s simple - raise revenue, reduce the debt. Why can’t they understand the simple concept of mathematics? If you have a 9% unemployment rate, you have less people paying federal, state and local taxes. The economy is not a result of the deficit, the deficit is a result of the economy. We should not be talking about the deficit right now, we should be increasing revenue to the treasury and putting people back to work.

More people working = More people paying taxes / More people paying taxes = More revenue to the Treasury / More revenue to the Treasury = Lowering the deficit = The possibility for the heinous tax cuts that the GOP is so married to

This Congress promised the American people an economic recovery. They began their session in January and have done NOTHING to promote that recovery. The President listed a number of options that are currently being held up in Congress. A bill to make it easier for entrepreneurs to patent a new product or idea, a bill to put construction workers back on the job rebuilding roads and bridges through loans to private companies, states and local governments, a bill fixing our trade agreements to allow American businesses to sell more goods and services to Asia and South America, and a bill further extending the middle class tax cuts an additional year. All things the President says he is ready to sign immediately should Congress send them to his desk.

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Is the debate around the deficit a legitimate debate?
Is Congress broken?
What do you think the Congress should do to further progress the recovery?
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