Yesterday, in a statement from the Briefing Room, President Obama explained that while our economy is headed in the right direction, looming automatic budget cuts will cost jobs and slow down our recovery. Those deep, indiscriminate cuts aren’t the best way to meet the $4 trillion in deficit reduction needed to stabilize our debt.
The best way to finish that job of deficit reduction? A “balanced mix of spending cuts and tax reform,” the President said.
Are we heading in the right direction? While the president is asking not to cut back, but to continue spending in a balance way, what he is actually saying to us is, we need you as a business to continue spending, so that we might keep people employed. The president know the economy is not heading in the right direction, congress know we are not able to pay off this debt, and we are heading for a crash.
We the common people need to evaluate and read through the lines. If we as a nation have to keep coming back to the problem with the economy, we need to then understand we are in big trouble. Soon many will lose even more jobs, then we as a country will be relying on food stamps. Taxes will increase, then farmers won’t be able to survive on what they are producing. Over taxed, the nation will fall into deeper debt then come cuts backs in places where we need more support.
After we have come to the place where we are over taxed, then we will find a rise in crime, as the government will not be able to afford the cost of offering free health care, food stamps, and many more free stuff. Government sponsorships will be pulled from many, and what we are left with is a country broken, never to recover from its fall. Humpty dumpty, sat upon a wall, humpty dumpty had a great fall, all the kings men and all the kings horse could not put humpty dumpty together again.
In my opinion, I don’t believe this president knows what he is doing, and asking congress not to enforce the automatic cuts. We need cut backs, and people need to be more creative in America. Get back to work and protect your locale markets. Stop buying foreign goods, the power is in the hands of the people.
- Panetta: Military faces ‘readiness crisis’ (cnn.com)
- Obama Seeks Budget Plan to Avoid Sequester (hispanicbusiness.com)
Categories: Breaking News