Text Of Obama’s 8-2-11 Speech

Good afternoon.

..blah, blah, blah…

…..this agreement will cut about $1 trillion in spending over the next 10 years….

…..blah, blah, blah..

…..Now, I’ve said from the beginning that the ultimate solution to our deficit problem must be balanced. Despite what some Republicans have argued, I believe that we have to ask the wealthiest Americans and biggest corporations to pay their fair share by giving up tax breaks and special deductions. …

….blah, blah, blah…

…..That’s why the second part of this agreement is so important. It establishes a bipartisan committee of Congress to report back by November with a proposal to further reduce the deficit, which will then be put before the entire Congress for an up or down vote…

…blah, blah, blah…

….Now, is this the deal I would have preferred? No. I believe that we could have made the tough choices required — on entitlement reform and tax reform — right now, rather than through a special congressional committee process. But this compromise does make a serious down payment on the deficit reduction we need, and gives each party a strong incentive to get a balanced plan done before the end of the year.

….blah, blah, blah…

….Now, this process has been messy; it’s taken far too long. I’ve been concerned about the impact that it has had on business confidence and consumer confidence and the economy as a whole over the last month…

….blah, blah, blah…

…I want to thank the American people. It’s been your voices — your letters, your emails, your tweets, your phone calls — that have compelled Washington to act in the final days. And the American people’s voice is a very, very powerful thing….

….blah, blah, blah…

….We’re not done yet. I want to urge members of both parties to do the right thing and support this deal with your votes over the next few days. It will allow us to avoid default. It will allow us to pay our bills. It will allow us to start reducing our deficit in a responsible way. And it will allow us to turn to the very important business of doing everything we can to create jobs, boost wages and grow this economy faster than it’s currently growing…..

….blah, blah, blah…

…Thank you very much, everybody.

Heard a short distance away from the microphone: Is it too late to get a tee time?



Filed under Administration

4 responses to “Text Of Obama’s 8-2-11 Speech

  1. So our great negotiator-in-chief tells his Chicago audience that democracy is ‘messy’ but part and parcel of our great system; a few sentences later he blasts Congress for a ‘self-inflicted wound’ in a messy squabble over debt these past two weeks. Why wasn’t the debt debate part of our great system?

  2. Nunly

    All I heard from that speech was the blah blah blah lines interspersed with lie lie lie.

    I have to laugh about the bus tour, though. Obama on a bus? Are you kidding me? LOL! I guess he’s a Sarah Palin wannabe, eh? Too bad he can’t tour all 58 States, eh? 😀

    • He’s a talking points machine, I tell you. In each and every issues he covers the exact same stuff, over and over, just rearranges the words a little (but not much) just to keep the brain dead sycophants on the edge of their seats.

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