A system and method for transmitting and presenting streaming digital information signals that optimizes performance in the context of goodput, throughput, delay, receiver buffer requirements and tolerance to loss and jitter. The method provides ordering packets of information based on a priority associated with each of the packets; managing the flow of the packets into and out of a buffer; adjusting the rate at which the packets are provided to a communication medium; and transmitting and retransmitting the packets as needed.