“We didn’t need a ratings program to know we need a balanced approach.”
Gridlock, prolonged debate -reason for downgrade?
Solution: Need tax reform (from those who can afford it); reforms in Medicare
Too bad neither he nor the Senator or House Democrats proposed an actual balanced approach. Instead he just said the millionaires and billionaires need to pay more taxes on business jets, without giving any actual percentage figures on how much taxes should be increased or spending decreased. A speech isn't a proposal the CBO can evaluate.