Re. Speech about the state of the union

There was very little in this speech about the state of the union. Saying things are tough and people are facing hard times, doesn’t really address the state of the union. What kind of language should we have been given? How about what the GAO told Congress and this President even when he was still in the Senate

quote from government site.
the U.S. government reported that it owed (i.e., liabilities) more than it owned (i.e., assets) by almost $9 trillion….

…assumptions—the federal government’s current fiscal policy is unsustainable. Continuing on this imprudent and unsustainable path will gradually erode, if not suddenly damage, our economy, our standard of living, and ultimately our domestic tranquility and national security.

….GAO is responsible for auditing the financial statements included in the Financial Report, but we have been unable to express an opinion on them for the 10th year in a row because the federal government could not demonstrate the reliability of significant portions of the financial statements,

…Further, GAO’s audit report also included an emphasis paragraph for the 3rd consecutive year noting that the nation’s current fiscal path is unsustainable and that tough choices by the President and the Congress are necessary to address the nation’s large and growing long-term fiscal imbalance.

http://www.gao.gov/new.items/d07362sp.pdf
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We were supposed to get a “State of the Union” report, not another political speech that doesn’t actually give the data to see how bad things are and an actual plan to stop those things the GAO has reported on from getting worse.

Instead, much of what he talked about (even those things actually needed) will make things worse.

One in six jobs is now a government job and government jobs or jobs like teachers, police, fire, first respongers, health care providers, etc. that he mentioned are all drains on tax revenue and while cutting taxes may eventually help, they will first reduce tax revenues even more.

In short, he should have said “the State of the Union is such that no matter what I do to help, it will either make things worse now or later when we can no longer fund the spending we are doing.”

This has nothing to do with the President or what party is in power. We passed the point of no return years ago and that is the “State of the Union” we live in. Did he tell you we can’t grow or tax out of this as Congress full well knows? Why not? Isn’t that the “State of the Union?”

Very bad speech but, the only other choice would have been to really tell Americans what we face and that could start a panic in the markets and business community and cities and states. Thus, he either lies and hides the truth or faces a depression beginning now, instead of later. That too, is the “State of the Union” we live in. This is where decades of letting the international banking cartel determine monetary and economic policy has led us. It is where decades of both parties taking their advice has taken us.

Did he tell you that our infrastructure is ranked “D” because no matter how much new infrastructure we build, we don’t have the funds to maintain it. That decline in infrastructure that has gone on for decades is part of the “State of the Union.” Did he really address that? Did he offer any solutions to the lack of funding we have for maintaining infrastructure?

Good luck, America, you are going to need it.

- JanPaul

Related Posts:

• Regarding the “ratio of debt to GDP” and other data.
• We are not even 1/4 of the way through this crisis.
• The U.S. is past paying debts back.
• Hoenig said “U.S. fiscal policy is on an “unsustainable course”"
• Global recovery: Don’t bet on anything being a sure thing at this time short term.

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