After listening to President Biden last evening, I thought i would offer my two cents regarding his speech.

It was great and very well presented.  I loved it.  Period.

The President was right when he said, never bet against the United States.  Freedom, which is what makes democracy great, is a dominating economic force.  It is the freedom of every individual's mind that makes the United States' approach superior to authoritarian rule.  Democracy is slow in making decisions compared to authoritarian regimes, but the freedom of the cumulative mind offers faster and superior options than can be offered under any benevolent dictator, let alone a non-benevolent dictator.

I do not worry as much about big government as i do big government not covering expenses and being responsible.  It simply goes against common sense to spend more than you bring in.  In the long run that is a strategy for disaster.  Yes, tax corporations and the rich.  It really is time for the country's largest benefactors to pay their fair share of America's new and necessary initiatives.  The wealth gains made by our nation's rich would not have been made in any other country. 

But taxes are not enough.  It is also time to bring down unnecessary government expenses.  President Biden hinted at that type of change with his prescription drug point, but that should only be the beginning.

We spend twice as much on health care than any other country in the world without showing any increased health benefits.  Get those prices down, not just in prescription drugs, but in every health care procedure.  The same goes for defense spending.  Yes, we want to keep our power advantage, but we should be able to do that even with cuts in a bloated defense budget.  Health care and defense reductions along with appropriate tax increases should allow the President's agenda to be met without digging us into an inappropriate deficit hole.

I fully understand that it would be hard for anyone to call in our debt without causing a global depression, but that does not mean we should be irresponsible in not covering the cost of our expenses.  That is arrogance, not leadership.

It is early in the game and i do believe compromises will in fact be made.  The agenda the President laid out is a good one.  Now is the time to fine tune that agenda and implement it responsibly.

The President clearly has assembled a strong team of people around him.  Good people, who are both smart and who have good intentions for the welfare of America.  We are in good hands.

I have always been bullish on America, but after listening to the President last evening, I am more bullish than ever.  As i have said before, we are not just the leader of the "free world"--but instead, we are the leader of the world.  Now let us move responsibly and humbly forward together as we lead the world into the unknown in a millennium which has only just begun to sprout.

God bless America--where all people are created equal and freedom rings its beautiful song. 

p.s.  It is time to defeat Trumpism once and for all.  Nothing could derail America's future more than more Trumpism.

p.s. 2  Do not forget that America controls 50 per cent of the market value of all the business corporations in the world.  And that is one heck of an advantage and also something to be proud of.

ps.3.  And i did not even mention globanomics in the above, but i have now.