Advance transcript of the State of the Union Address

Good evening. Thanks for tuning in.
This’ll be quick because we don’t have a lot of time. We’re deeply in debt and getting deeper and deeper every minute.
We need government revenue to pay off the debt and we need to stop spending money stupidly.
Saying we handle money like drunken sailors insults drunken sailors.
The quickest and easiest way to pay off the debt would be runaway inflation and we’re on that track now, the Mugabe/Zimbabwe track. We could in a year or two pay off, say, our Chinese creditors, in worthless dollars. We could.
But we’re Americans. We don’t operate like that and besides, I have a better idea, several better ideas.
Here’s the big one. Complete energy self-sufficiency in 10 years.
We’re going to drill our own oil and we’re going to build refineries. That might not have made sense 20 years ago but it does now because we have the technology and knowhow to do it cleanly.
There’s so much oil off the coast of Southern California that it’s leaking out of the seabed. If we drill it now, we’ll be making the ocean cleaner.
We have a lot of oil off Florida and if we don’t drill for it now, the Cubans are going to invite the Chinese to do it. Our oil! And the Chinese don’t care about fouling Florida’s beaches.
North Dakota, Alaska … we’re swimming in oil and yet we spend billions every year to buy it from other countries. That’s not just stupid, it’s criminal.
And natural gas. We have much more than enough.
Tapping our own resources and building refineries will create a million plus jobs directly and indirectly and bring in trillions in government revenue to pay off our debt.
So will 100 new nuclear power generating plants. We start tomorrow. If the French and Japanese can do it, we can. If they can reuse and reuse their rods until they’re harmless enough to store in a shed in a small town, we can, too.
All the new money that comes in will go to paying off our debt.
While we’re doing all this, private enterprises can go full steam ahead developing wind and solar energy projects on their own. If they make sense, great, if they don’t, which they don’t at the moment, it’s no skin off the taxpayers’ noses.
In the meantime, we’re going to cut all taxes, beginning tomorrow, by 25%. People will have more money to spend and the economy will leap ahead like a startled gazelle.
Business will have the money and confidence to grow, to hire more, to invest in America. That’ll mean more money for the people and more money for the government to spend – paying down our debt.
Tomorrow afternoon, we’re closing the Federal Department of Education. The Federal Government, as it demonstrates every day, has no business in education. It costs us a large fortune and has almost destroyed education.
We’re also closing the Department of Commerce. Useless and hugely expensive. And we’re cutting the Department of Agriculture by 90%. No more ag subsidies for anyone. Period. If you want to try to make gasoline out of corn, go ahead, but we’re not subsidizing it.
All those czars I appointed – 30? 40? I lost track – are fired as of this moment. Their bloated staffs, too. What was I thinking?
Congress is going to take a few whacks: no more earmarks of any kind on any bill. None. Zero. Or I won’t sign it and I’ll fight a veto override all the way to The Supreme Court.
All Senators and Congressional Representatives have too many waste-of-time people working for them. They’ll cut their staffs by 10% a year for each of the next five years. And no more Congressional junkets like those embarrassing fandangos in Copenhagen. If Senators and Representatives absolutely have to go somewhere, they can fly commercial, double up in motels and take taxis and buses.
So far in this short plan, we’ve made trillions and cut trillions in spending … a year! And we’re just getting started.
We’ll have the debt paid off by 2013 and then, because we won’t be paying billions in interest to other countries, we’ll be able to cut taxes some more.
Overall federal government revenue will increase geometrically even at lower rates – especially at lower rates – and that additional money will not go into general revenue. It will go where Congress can’t touch it, into Social Security and Medicare lockboxes, until they’re permanently solvent, then we start giving people back more of their money in tax rebates.
Then we start fixing other things that need fixing, guided by experience, common sense and what the people want.
If you want to get in the way, feel free. I’m going to set this all in motion then get government the hell out of the way – hand things off to private enterprise – and then spend every minute of the rest of my term fighting you tooth and nail.
Ladies and Gentlemen, the USA is back. Thank you and good night.
Would someone please revive Ms. Pelosi?













