With recent news revealing that 1 in 7 Americans were living in poverty last year, new taxes that remove value from the economy seem preposterous.

FORBES: U.S. Oil Drillers Prepare For Punch In The Gut From Obama

Data from the Conference Board this morning seemed to remove fears from the market that the consumer may fall with the economy into a double-dip recession this Fall, as retailers prepare for back-to-school season.

FORBES: Homebuilders Getting A Boost This Week

In the end, it's in the long-term interest of the United States economy that we remove the debt ceiling from this process that creates uncertainty, harms economic growth, does damage to the middle class, puts a stranglehold on markets.

WHITEHOUSE: Press Briefing

His core point: America can regain a roaring economy, if only politicians would stop kicking the can and remove the uncertainties that prevent business owners from deploying capital.

FORBES: The U.S. Can Grow If We All Act Less Like California, More Like Texas