Obama: We do not need to we got told "our crisis," and our problems "can be solved"
Ocean - Zainab Makki
[U.S. President Barak Obama]U.S. President Barak ObamaIn his first news conference at the White House after he stripped the agency "Standard & Poor's," the United States came out excellent credit rating of U.S. President Barack Obama said the U.S. Treasury bonds are still a safe haven for investors in the world regardless of the comments and rating agencies.
Obama said the United States will always be the credit rating is excellent, but urged policymakers in the country to address the challenge of the financial long-term, saying "despite all the challenges that we face, we still have the best universities and some of the more workers productive and more corporate creative and more entrepreneurs boldly on the back of the ground. "
He added that he was aware of the problems of his country, which had already existed before he took office, "We already have a serious problem with regard to debt and budget deficits, and I have inherited a great deal of this problem."
Obama said that the economic problems faced by his country "could be solved" sufficient political will in spite of the headwinds facing the economy, the largest ship in the world.
On the credit rating issued by "Standard & Poor's," Obama noted that the agency decided to cut "not because they doubt the ability of the U.S. economy to pay its debts, but after watching the debate continued for a month about raising the debt ceiling, and therefore questioned the ability of our political system to act" .
And Obama signed last week a bill to raise the ceiling of borrowing for the United States until 2013 and reduce the deficit more than two trillion dollars over the next decade, but the package to reduce the deficit much lower than the $ 4 trillion, the number set by the agency Standard & Poor's of the United States to avoid a ratings downgrade .
Obama said, "We know that the dispute run on lifting the debt ceiling, a disagreement, which uses the threat of disability as a bargaining tool, will lead to a lot of damage to our economy and the world economy", noting that the reduction is unprecedented in the history of the country would return to policy-makers in the U.S. Nations, "a sense of urgency" to deal with the financial challenges in the long run.
Obama said that there is considerable scope for further cuts in domestic spending and defense spending, however, that policy makers could do to take additional steps, including correct the tax system to ask the wealthy to pay their share of fair and make some amendments to address the imbalance in the health care programs such as Med Care.
Obama said that "the problem here is not in the absence of plans Awsaasat, but in the absence of political will in Washington to insist on the development of obstacles and refusal to provide what is in the interest of the country's own interest or the interest of the party or ideology."
Obama said he would announce for solutions for to settle the dilemma of U.S. debt in the coming weeks Jalili resorting to extend tax cuts and benefits of unemployment insurance to pay for domestic consumption and economic growth, which is not included in the agreement to reduce debt, which was signed last week, is what analysts believe that such These policies will face strong opposition from Republicans, as these proposals have not written Najah before when push Obama's plan to reduce debt to secure the "grand bargain" in recent months.
Ocean - Zainab Makki
[U.S. President Barak Obama]U.S. President Barak ObamaIn his first news conference at the White House after he stripped the agency "Standard & Poor's," the United States came out excellent credit rating of U.S. President Barack Obama said the U.S. Treasury bonds are still a safe haven for investors in the world regardless of the comments and rating agencies.
Obama said the United States will always be the credit rating is excellent, but urged policymakers in the country to address the challenge of the financial long-term, saying "despite all the challenges that we face, we still have the best universities and some of the more workers productive and more corporate creative and more entrepreneurs boldly on the back of the ground. "
He added that he was aware of the problems of his country, which had already existed before he took office, "We already have a serious problem with regard to debt and budget deficits, and I have inherited a great deal of this problem."
Obama said that the economic problems faced by his country "could be solved" sufficient political will in spite of the headwinds facing the economy, the largest ship in the world.
On the credit rating issued by "Standard & Poor's," Obama noted that the agency decided to cut "not because they doubt the ability of the U.S. economy to pay its debts, but after watching the debate continued for a month about raising the debt ceiling, and therefore questioned the ability of our political system to act" .
And Obama signed last week a bill to raise the ceiling of borrowing for the United States until 2013 and reduce the deficit more than two trillion dollars over the next decade, but the package to reduce the deficit much lower than the $ 4 trillion, the number set by the agency Standard & Poor's of the United States to avoid a ratings downgrade .
Obama said, "We know that the dispute run on lifting the debt ceiling, a disagreement, which uses the threat of disability as a bargaining tool, will lead to a lot of damage to our economy and the world economy", noting that the reduction is unprecedented in the history of the country would return to policy-makers in the U.S. Nations, "a sense of urgency" to deal with the financial challenges in the long run.
Obama said that there is considerable scope for further cuts in domestic spending and defense spending, however, that policy makers could do to take additional steps, including correct the tax system to ask the wealthy to pay their share of fair and make some amendments to address the imbalance in the health care programs such as Med Care.
Obama said that "the problem here is not in the absence of plans Awsaasat, but in the absence of political will in Washington to insist on the development of obstacles and refusal to provide what is in the interest of the country's own interest or the interest of the party or ideology."
Obama said he would announce for solutions for to settle the dilemma of U.S. debt in the coming weeks Jalili resorting to extend tax cuts and benefits of unemployment insurance to pay for domestic consumption and economic growth, which is not included in the agreement to reduce debt, which was signed last week, is what analysts believe that such These policies will face strong opposition from Republicans, as these proposals have not written Najah before when push Obama's plan to reduce debt to secure the "grand bargain" in recent months.
