Yesterday, your budget for fiscal year 2013 was defeated in the senate 99–0. Earlier, it had been defeated in the house by a vote of 414–0. Last year, your budget for fiscal year 2012 was defeated in the senate 97–0. Meanwhile, more than $5,000,000,000,000 in debt has been accumulated by your administration. The federal deficit is more than $1,300,000,000,000. Despite the fact that Medicaid/Medicare and Social Security are the largest drivers of the deficit, you have failed to propose any credible entitlement reforms that effectively address the exploding expenditures. Last year, for the first time in history, the AAA credit rating of the United States was downgraded.
What evidence do you have that your administration has any credibility with Congress in dealing with fiscal matters? What evidence do you have that your administration will be able to effectively deal with Congress on fiscal matters should you win a second term?
Given your belief that you’ll have even more flexibility in a second term, what credible assurances can you provide that you’ll exercise any fiscal responsibility whatsoever in such term?