Sorry, but that had to be one of the weakest Presidential speeches I have ever witnessed.
Imagine a scenerio where a leader (other than Ron Paul and those who share his integrity) honestly admitted to the American people that the reason we are "bankrupt", is because we have repeatedly raised the debt ceiling, resulting in us borrowing from today's children to pay for our government excesses and indulgences.
We need true leadership that says enough is enough......sadly, I do not see that happening. As always, we will react to the coming economic collapse, instead of taking the difficult steps to prevent it.
Truly depressing.....