Free the Economic Slaves. Let my people go on vacation once in a while!
Joseph Raglione
July 29, 2011
Gentle readers of this American Chronicle, as Republicans and Democrats you should understand that your country is in danger! A danger not from a 9/11 style attack but a danger from a crippling recession and possibly a Greece style economic meltdown. This is a shame because the United States of America can be a world leader when it comes to economic innovation. General Motors can make Electric vehicles that run without Gas all day long. Light rail Train transportation can keep city streets free from Cars. Buildings can be created that give back to the environment as well as provide living and business quarters. There is so much that can be done that is not being done for the American People and the reason is simple, it would involve freeing the slaves. It would mean the rich would have to pay their fare share of taxes.
The White House Blog
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President Obama Calls on the American People to Make their Voices Heard
Posted by Nikki Sutton on July 29, 2011 at 12:09 PM EDT
Read the Transcript | Download Video: mp4 (53MB) | mp3 (5MB)
This morning, President Obama spoke on the status of the debt ceiling negotiations from the Diplomatic Reception Room at the White House. The President urged Republicans and Democrats in Congress to find a bipartisan solution to avoid default that he can sign by Tuesday. Though we are almost out of time, the President made it clear that there are multiple ways to resolve this problem:
Now, keep in mind, this is not a situation where the two parties are miles apart. Weīre in rough agreement about how much spending can be cut responsibly as a first step toward reducing our deficit. We agree on a process where the next step is a debate in the coming months on tax reform and entitlement reform - and Iīm ready and willing to have that debate. And if we need to put in place some kind of enforcement mechanism to hold us all accountable for making these reforms, Iīll support that too if itīs done in a smart and balanced way.
So there are plenty of ways out of this mess. But we are almost out of time. We need to reach a compromise by Tuesday so that our country will have the ability to pay its bills on time, as we always have -- bills that include monthly Social Security checks, veteransī benefits and the government contracts weīve signed with thousands of businesses. Keep in mind, if we donīt do that, if we donīt come to an agreement, we could lose our countryīs AAA credit rating, not because we didnīt have the capacity to pay our bills -- we do -- but because we didnīt have a AAA political system to match our AAA credit rating.
And make no mistake - for those who say they oppose tax increases on anyone, a lower credit rating would result potentially in a tax increase on everyone in the form of higher interest rates on their mortgages, their car loans, their credit cards. And thatīs inexcusable.
President Obama reiterated that the power to reach a balanced solution is in our hands:
There are a lot of crises in the world that we canīt always predict or avoid - hurricanes, earthquakes, tornadoes, terrorist attacks. This isnīt one of those crises. The power to solve this is in our hands. And on a day when weīve been reminded how fragile the economy already is, this is one burden we can lift ourselves. We can end it with a simple vote - a vote that Democrats and Republicans have been taking for decades, a vote that the leaders in Congress have taken for decades.
Itīs not a vote that allows Congress to spend more money. Raising the debt ceiling simply gives our country the ability to pay the bills that Congress has already racked up. I want to emphasize that. The debt ceiling does not determine how much more money we can spend, it simply authorizes us to pay the bills we already have racked up. It gives the United States of America the ability to keep its word.
Finally, the President called on the American people to continue to make their voices heard in this debate:
Now, on Monday night, I asked the American people to make their voice heard in this debate, and the response was overwhelming. So please, to all the American people, keep it up. If you want to see a bipartisan compromise - a bill that can pass both houses of Congress and that I can sign -- let your members of Congress know. Make a phone call. Send an email. Tweet. Keep the pressure on Washington, and we can get past this.
And for my part, our administration will be continuing to work with Democrats and Republicans all weekend long until we find a solution. The time for putting party first is over. The time for compromise on behalf of the American people is now. And I am confident that we can solve this problem. Iīm confident that we will solve this problem. For all the intrigue and all the drama thatīs taking place on Capitol Hill right now, Iīm confident that common sense and cooler heads will prevail.
But as I said earlier, we are now running out of time. Itīs important for everybody to step up and show the leadership that the American people expect.
President Barack Obama delivers a statement to the press regarding the ongoing budget negotiations in the Diplomatic Reception Room of the White House, July 29, 2011. (Official White House Photo by Samantha Appleton)
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The White House Blog
http://sn123w.snt123.mail.live.com/mail/InboxLight.aspx?n=762918808#fid=1&fav=1&n=937627357&mid=0212f542-ba13-11e0-9049-00237de41524&fv=1
President Obama Calls on the American People to Make their Voices Heard
Posted by Nikki Sutton on July 29, 2011 at 12:09 PM EDT
Read the Transcript | Download Video: mp4 (53MB) | mp3 (5MB)
This morning, President Obama spoke on the status of the debt ceiling negotiations from the Diplomatic Reception Room at the White House. The President urged Republicans and Democrats in Congress to find a bipartisan solution to avoid default that he can sign by Tuesday. Though we are almost out of time, the President made it clear that there are multiple ways to resolve this problem:
Now, keep in mind, this is not a situation where the two parties are miles apart. Weīre in rough agreement about how much spending can be cut responsibly as a first step toward reducing our deficit. We agree on a process where the next step is a debate in the coming months on tax reform and entitlement reform - and Iīm ready and willing to have that debate. And if we need to put in place some kind of enforcement mechanism to hold us all accountable for making these reforms, Iīll support that too if itīs done in a smart and balanced way.
So there are plenty of ways out of this mess. But we are almost out of time. We need to reach a compromise by Tuesday so that our country will have the ability to pay its bills on time, as we always have -- bills that include monthly Social Security checks, veteransī benefits and the government contracts weīve signed with thousands of businesses. Keep in mind, if we donīt do that, if we donīt come to an agreement, we could lose our countryīs AAA credit rating, not because we didnīt have the capacity to pay our bills -- we do -- but because we didnīt have a AAA political system to match our AAA credit rating.
And make no mistake - for those who say they oppose tax increases on anyone, a lower credit rating would result potentially in a tax increase on everyone in the form of higher interest rates on their mortgages, their car loans, their credit cards. And thatīs inexcusable.
President Obama reiterated that the power to reach a balanced solution is in our hands:
There are a lot of crises in the world that we canīt always predict or avoid - hurricanes, earthquakes, tornadoes, terrorist attacks. This isnīt one of those crises. The power to solve this is in our hands. And on a day when weīve been reminded how fragile the economy already is, this is one burden we can lift ourselves. We can end it with a simple vote - a vote that Democrats and Republicans have been taking for decades, a vote that the leaders in Congress have taken for decades.
Itīs not a vote that allows Congress to spend more money. Raising the debt ceiling simply gives our country the ability to pay the bills that Congress has already racked up. I want to emphasize that. The debt ceiling does not determine how much more money we can spend, it simply authorizes us to pay the bills we already have racked up. It gives the United States of America the ability to keep its word.
Finally, the President called on the American people to continue to make their voices heard in this debate:
Now, on Monday night, I asked the American people to make their voice heard in this debate, and the response was overwhelming. So please, to all the American people, keep it up. If you want to see a bipartisan compromise - a bill that can pass both houses of Congress and that I can sign -- let your members of Congress know. Make a phone call. Send an email. Tweet. Keep the pressure on Washington, and we can get past this.
And for my part, our administration will be continuing to work with Democrats and Republicans all weekend long until we find a solution. The time for putting party first is over. The time for compromise on behalf of the American people is now. And I am confident that we can solve this problem. Iīm confident that we will solve this problem. For all the intrigue and all the drama thatīs taking place on Capitol Hill right now, Iīm confident that common sense and cooler heads will prevail.
But as I said earlier, we are now running out of time. Itīs important for everybody to step up and show the leadership that the American people expect.
President Barack Obama delivers a statement to the press regarding the ongoing budget negotiations in the Diplomatic Reception Room of the White House, July 29, 2011. (Official White House Photo by Samantha Appleton)
See more about Debt Debate, Economy, Fiscal Responsibility
White House Blogs
The White House Blog
Middle Class Task Force
Council of Economic Advisers
Council on Environmental Quality
Council on Women and Girls
Office of Management and Budget
Office of Public Engagement
Office of Science & Tech Policy
Office of Urban Affairs
Open Government
Faith and Neighborhood Partnerships
Social Innovation and Civic Participation
US Trade Representative
Office National Drug Control Policy
CATEGORIES
Civil Rights
Defense
Disabilities
Economy
Education
Energy & Environment
Ethics
Family
Fiscal Responsibility
Foreign Policy
Health Care
Homeland Security
Immigration
Poverty
Rural
Seniors & Social Security
Service
Taxes
Technology
Urban Policy
Veterans
Women
Additional Issues
ARCHIVES
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Home
The White House Blog
Photos & Videos
Photo Galleries
Video
Live Streams
Podcasts
Briefing Room
Your Weekly Address
Speeches & Remarks
Press Briefings
Statements & Releases
White House Schedule
Presidential Actions
Legislation
Nominations & Appointments
Disclosures
Issues
Civil Rights
Defense
Disabilities
Economy
Education
Energy & Environment
Ethics
Family
Fiscal Responsibility
Foreign Policy
Health Care
Homeland Security
Immigration
Poverty
Rural
Seniors & Social Security
Service
Taxes
Technology
Urban Policy
Veterans
Women
Additional Issues
The Administration
President Barack Obama
Vice President Joe Biden
First Lady Michelle Obama
Dr. Jill Biden
The Cabinet
White House Staff
Executive Office of the President
Other Advisory Boards
About the White House
Interactive Tour
History
Presidents
First Ladies
The Oval Office
The Vice President's Residence & Office
Eisenhower Executive Office Building
Camp David
Air Force One
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Inside the White House
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