By. Ali Akbar
Washington – The United States upset over debt downgrades Standard and Poor’s last week. President Barack Obama said, America will always be predicated AAA.
“Whatever statement of the institution (S & P), we will always and always be a country with a AAA title,” said Obama in his speech from the White House on Monday (8 / 8).
The President admitted that the U.S. economy is currently difficult. Many problems that occur, including fiscal matters. However, America remains number one in everything.
“Of all the problems we faced, we still have the best universities, the number of workers the most productive, most innovative companies, and the number of entrepreneurs ever on this earth,” continued the president.
Congress and the White House’s decision to raise the debt ceiling two weeks ago, also mentioned by Obama. He said the move could save the spending from domestic and defense sectors.
He also called for a group of wealthy Americans could increase tax payments so that their contribution to health programs, including Medicare, can grow.
“These reforms do not require radical measures. What is needed is understanding and compromise, “said Obama.
President in the next few weeks would explain the deficit reduction efforts continued. That way, the deficit is expected to cut U.S. $ 1.5 trillion.