Obama's State of the Apocalypse

Though it was a rather brief speech Obamawise I was furiously scribbling down notes in my little pad. The Debt Crisis - A Special Address. The speech and the president were utterly predictable, I could've written it. He hates capitalism but through a polemical sleight-of-mind cast himself as a compromiser and a moderate. Basically he is holding a resolution to the debt crisis hostage so he can punish the Rich so unwavering is that principle for him. If no deal is reached he said America will lose its AAA credit rating. Another point - two wars (that he continued btw) and a prescription drug plan added greatly to our national debt. SS checks and Veteran's Bennies are now in jeopardy, interest rates will rise on car loans and mortgages and credit cards (what, they're not high already on the credit cards?) and we won't be able to pay for Medicaid and Medicare. The whole address was peppered with the classic key words and phrases of Class Warfare. 98& of Americans who make under 250G as a household would see no tax increases (250G being the threshold I guess for being considered a millionaire these days) and he had to get in about corporate jet owners and oil companies his favorite mantra of late. Boehner's approach to extend the debt ceiling for 6 more months won't solve the problem and basically there are two approaches he said. First drastically cut spending without any revenue (read: tax increases), the Republican plan and two Our Way which is to close all those tax breaks and loopholes for the rich (one of David Brooks' favorite talking points). It's not fair he said that the wealthiest Americans and Corporations not contribute anything at all here (what, they haven't paid Taxes up until now?) and what we need is a balanced approach to reducing the debt and deficit (i.e. those tax increases again which Republicans are deadset against). He invoked Ronald Reagan 2X saying Reagan himself raised the debt ceiling 18X (he likes the Gipper when it suits him and Abe Lincoln too). Kicking the can down the road, he likes that one. Congress has one week left to act and it's a dangerous game we're playing. Yeah we have the challenges of entitlements and tax reform to consider. "Compromise has become a dirty word." If only he practiced it. Let's put Politics aside for God's sake!!! Then House Speaker John Boehner spoke. He's all for cutting and capping government spending which will eventually lead to a balanced budget amendment. We got a health care bill nobody wanted and Obama wants the largest increase ever in the debt ceiling after the largest spending binge in History. The Boehner Plan would cut spending by $1 trilion. So stimulate my stimulus. We now return you to Masterchef already in progress:)