by Leonard C. Tekaat

Created on: February 12, 2011   Last Updated: February 16, 2011

Solution to Foreclosures Will Decrease Unemployment and State and Federal Deficits!

The middle classes rebuttal speech by Leonard C. Tekaat to President Obama’s State of the Union Address.

Continuing applause

Thank you, thank you, thank you!

Fellow citizens, distinguished guests, President Obama, and members of Congress.

I am the middle class and small businesses. We don't ask much from our government. Most of us have worked hard to be self-sufficient. Our children volunteer to fight for our country and yours and our freedoms. We are the backbone of America's economy and society. We just want a fair shake from our economy, and economic policies that allow us the opportunity to succeed.

What has happened in the last two years has left many of us in a desperate situation. Millions of us have been left out of the economy's recovery process. We have not been able to restructure our credit obligations like big businesses, and the federal government has done. Because of this, we have lost our jobs, businesses, and our family homes.

I am speaking to you today because our economy is having trouble providing a reasonable standard of living for many of our citizens.

The Federal Government is deficit spending to stimulate the economy.

We have been destroying our small businesses, middle class, and our economy with these Gloom, Boom and Doom economic policies.

The tax base is deteriorating for local, state, and federal governments.

The American middle class has lost a huge amount of their disposable income due to the credit crisis of 2008. The middle class is moving down the economic ladder, and are becoming government dependent. This is increasing all of our local, state, and federal government’s deficits. If the national debt, and trade deficit continues to grow it will bankrupt our economy.

The American Dream of a better future for our posterity is disappearing from America’s landscape. It is being replaced with foreclosure signs.

Deficit spending by the Federal Government is not the correct solution for our economic problems.

Today I want to present to you an alternative to federal government deficit spending stimulus programs. These programs, used by both the Democrats and Republicans, are putting our children and great grandchildren in debt. The debt will ruin our posterity’s economic future. The terrible thing about this situation is that most of the deficit spending by the federal government is unnecessary.

President Obama: Not a word about

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