President Addresses Nation, Fails to Produce Budget

President Obama and House Speaker John Boehner, both addressed the nation to give their version of reducing the national debt and preventing the United States from defaulting on its obligations for the first time.

The President again reiterated what he has been saying for weeks, that he wants the crisis avoided, but again his rhetoric fails to meet reality. After months of debate and political rancor the President Obama routinely criticizes Republicans for the their stance on the federal debt, and there is merit to his argument, but what is lacking is that the President has so far failed to produce his own proposals.

As of right now, the President has failed to produce or submit his own proposal on what his plan is for reducing the federal debt. Even the non-partisan Congressional Budget Office, Douglas Elmendorf, told a House Budget Committee in April after the President outlined a speech in an April 13 budget speech. "We don't estimate speeches," said Elmendorf. "We need much more specificity than was provided in that speech for us to do our analysis."

Since then nothing has changed. Again, like in the past, the President gives highly charged partisan speeches, highlighting the failure of the previous administration policy with regard to the federal debt, but fails to mention that his administration increased the debt by almost $5 trillion in just three years in office.

It's time for both parties to put aside election politics and start solving the countries. It's also time for the President to submit in detail his own proposal so that everyone will know specifically how he wants to reduce the federal debt, and stop blaming others for his lack of leadership.

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