When the United States was founded the very idea of a nation premised on democratic principles of freedom and tolerance was viewed by the vast majority of the world as an experiment doomed to fail. Dictatorships monarchies and theocracies had for many centuries ruled the world.
President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade with two and a half dollars of spending reductions for every one dollar of revenue increases and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission.