THE PRESIDENT:  Good afternoon, everybody.  Congress has now approved a compromise to reduce the deficit and avert a default that would have devastated our economy.  It was a long and contentious debate.  And I want to thank the American people for keeping up the pressure on their elected officials to put politics aside and work together for the good of the country.

This is good why? Because it lets you avoid calling their bluff and then facing down their threats with the 14th Amendment?

This compromise guarantees more than $2 trillion in deficit reduction.  It’s an important first step to ensuring that as a nation we live within our means.  Yet it also allows us to keep making key investments in things like education and research that lead to new jobs, and assures that we’re not cutting too abruptly while the economy is still fragile.

How does cutting spending make key investments in education and research? And where are the JOBS for the educated and doing research? McDonalds?

This is, however, just the first step.  This compromise requires that both parties work together on a larger plan to cut the deficit, which is important for the long-term health of our economy.  And since you can’t close the deficit with just spending cuts, we’ll need a balanced approach where everything is on the table.  Yes, that means making some adjustments to protect health care programs like Medicare so they’re there for future generations.  It also means reforming our tax code so that the wealthiest Americans and biggest corporations pay their fair share.  And it means getting rid of taxpayer subsidies to oil and gas companies, and tax loopholes that help billionaires pay a lower tax rate than teachers and nurses. 

Balanced, what again, like this bill, The Depression Act of 2011? How about addressing the real cause of the deficit – Cost of Medical Care and Bush-Obama Tax cuts. Lets start by permitting Medicare to negotiate for drug prices, and then go on to dismember the expensive pay-for -procedure at the heart of the very expensive Medical system, and then drastically reduce the cost of higher education (maybe by outsourcing Doctors’ education to Cuba)? And permit anyone to buy into Medicare to provide some of that lovely insurance profit for our senior care?

I’ve said it before; I will say it again:  We can’t balance the budget on the backs of the very people who have borne the biggest brunt of this recession.  We can’t make it tougher for young people to go to college, or ask seniors to pay more for health care, or ask scientists to give up on promising medical research because we couldn’t close a tax shelter for the most fortunate among us.  Everyone is going to have to chip in.  It’s only fair.  That’s the principle I’ll be fighting for during the next phase of this process.
True. Fighting how, by starting so far right, Nixon would have whiplash?

And in the coming months, I’ll continue also to fight for what the American people care most about:  new jobs, higher wages and faster economic growth.  While Washington has been absorbed in this debate about deficits, people across the country are asking what we can do to help the father looking for work.  What are we going to do for the single mom who’s seen her hours cut back at the hospital?  What are we going to do to make it easier for businesses to put up that “now hiring” sign?

The answer is demand, but you just cut that. For outsourcing what’s the solution tariffs? LMAO. Why don’t you ask you man Immelt (just as he’s moved his X-Ray division to China)? What’s your PLAN for jobs now you have less money? Ask the R congress? LMAO, then crying.
That’s part of the reason that people are so frustrated with what’s been going on in this town.  In the last few months, the economy has already had to absorb an earthquake in Japan, the economic headwinds coming from Europe, the Arab Spring and the [rise] in oil prices — all of which have been very challenging for the recovery.  But these are things we couldn’t control.  Our economy didn’t need Washington to come along with a manufactured crisis to make things worse.  That was in our hands.  It’s pretty likely that the uncertainty surrounding the raising of the debt ceiling — for both businesses and consumers — has been unsettling, and just one more impediment to the full recovery that we need.  And it was something that we could have avoided entirely.

Yes, and YOU added SS and Medicare to the mix (see above for solutions to Medicare), and just eliminate the wages cap for SS contributions.
So, voters may have chosen divided government, but they sure didn’t vote for dysfunctional government.  They want us to solve problems.  They want us to get this economy growing and adding jobs.  And while deficit reduction is part of that agenda, it is not the whole agenda.  Growing the economy isn’t just about cutting spending; it’s not about rolling back regulations that protect our air and our water and keep our people safe.  That’s not how we’re going to get past this recession.  We’re going to have to do more than that.

We like divided government, And we though we elected a Democratic president. Unfortunately we now realize we elected a president nearly as for right as Genghis Khan. And when the government had a D majority, what pressure was applied to Rs? Single payer?  Threat of expiration of Bush Tax cuts? Or limp noodles?

And that’s why, when Congress gets back from recess, I will urge them to immediately take some steps — bipartisan, common-sense steps — that will make a difference; that will create a climate where businesses can hire, where folks have more money in their pockets to spend, where people who are out of work can find good jobs.
Oh crap, more cuts to spending, then. Have you see the unemployment and negative GDP projections?

We need to begin by extending tax cuts for middle-class families so that you have more money in your paychecks next year.  If you’ve got more money in your paycheck, you’re more likely to spend it.  And that means small businesses and medium-sized businesses and large businesses will all have more customers.  That means they’ll be in a better position to hire.

Here’s a proposal. Just repeal the fucking Bush-Obama tax cuts. We’ll take that as shared sacrifice, no more of your negotiating, because you just loose for us, ok?
And while we’re at it, we need to make sure that millions of workers who are still pounding the pavement looking for jobs to support their families are not denied needed unemployment benefits.
Why didn’t you include this in the debt limit negotiation, or last year with the Bush-Obama tax cuts extension? What will you concede for this? Let me guess, “Chained CPI”? Chained as in “ball and chain” correct?

Through patent reform, we can cut the red tape that stops too many inventors and entrepreneurs from quickly turning new ideas into thriving businesses — which holds our whole economy back.  And I want Congress to pass a set of trade deals — deals we’ve already negotiated — that would help displaced workers looking for new jobs and would allow our businesses to sell more products in countries in Asia and South America, products that are stamped with the words “Made in America.”

What has this to do with the subject in hand. Has your cut and paste broken under the budget cuts and this is just randomly inserted? Patent Reform was part of the debt ceiling? And patents were a problem? Or is the this the Media Industry turning the screw again? Or are you now asking for another set of Campaign Contributions from the entertainment industry “Oh mommy! Look what I’ve done, aren’t I clever” after the kid eviscerated his grandmother.?

We also need to give more opportunities to all those construction workers out there who lost their jobs when the housing boom went bust.  We could put them to work right now, by giving loans to private companies that want to repair our roads and our bridges and our airports, rebuilding our infrastructure.  We have workers who need jobs and a country that needs rebuilding; an infrastructure bank would help us put them together.

Right, and just where will the money come from? Ending foreign wars? Federal Spending (Didn’t you just cut Federal Spending)? LMAO. Cognitive dissonance here, together with the tooth fairy, I believe.

And while we’re on the topic of infrastructure, there’s another stalemate in Congress right now involving our aviation industry which has stalled airport construction projects all around the country and put the jobs of tens of thousands of construction workers and others at risk -– because of politics.  It’s another Washington-inflicted wound on America, and Congress needs to break that impasse now –- hopefully before the Senate adjourns -– so these folks can get back to work.

Oh shit, you’re going to stab the FAA’s unions in the back. Please, please, please don’t negotiate this, something awful will happen, like a national right to work act.
So these are some things that we could be doing right now.  There’s no reason for Congress not to send me those bills so I can sign them into law right away as soon as they get back from recess.  Both parties share power in Washington, and both parties need to take responsibility for improving this economy.  It’s not a Democratic responsibility or a Republican responsibility; it is our collective responsibility as Americans.  And I’ll be discussing additional ideas in the weeks ahead to help companies hire, invest and expand.

Cut taxes, Cut the EPA or Outsource to China. Yes we know. It’s called asset stripping the US economy. You know we have standards, and we know the standards cost money (Clean Air, Clean Water, Safe products). We believe we should erect tariffs to protect us and our children from the rush to the bottom to compete with countries which don’t have our standards.
So, we’ve seen in the past few days that Washington has the ability to focus when there’s a timer ticking down, and when there’s a looming disaster.  It shouldn’t take the risk of default -– the risk of economic catastrophe -– to get folks in this town to work together and do their jobs.  Because there’s already a quiet crisis going on in the lives of a lot of families, in a lot of communities, all across the country.  They’re looking for work, and they have been for a while; or they’re making do with fewer hours or fewer customers; or they’re just trying to make ends meet.  That ought to compel Washington to cooperate.  That ought to compel Washington to compromise, and it ought to compel Washington to act.  That ought to be enough to get all of us in this town to do the jobs we were sent here to do.  We’ve got to do everything in our power to grow this economy and put America back to work.  That’s what I intend to do, and I’m looking forward to working with Congress to make it happen.
Together with your agenda, it flushes anything that’s “For the General Welfare” out of the bills passed.

SS Caps? Medicare buy in? Drug price Negotiation? Ending foreign Wars? Tax loopholes? Bush-Obama Tax cuts? Infrastructure Investment (you know, federal spending)?

Thanks very much, everybody.

Thanks for your latest negotiation (not). It’s amazing how you took a winning hand and frittered it away. Can we play poker (with my cards)? I’ll buy the beer.



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