Wednesday, April 13, 2011
U.S Goverment Nearly Falls!
While we talk about our government falling, right under us below the U.S government is just inches away from closing. In the U.S there is a debt ceiling. The debt ceiling is how high the U.S debt can be, and if it goes to the limit the government shutdown. The solutions are currently band-aid solution were the government cuts little tiny pieces here and there to delay the day when the debt reaches it's limit. The thing is discretionary spending only makes up 12% of the budget so just cutting here and there isn't good enough. An easy solution would of course be to raise the debt ceiling. Which means you raise the debt limit. The Republicans don't want to do it so it can't happen. Here is a solution how about finally take back the Bush tax cuts. Or at least the rich. The Republicans are quite happy to cut spending on the poor and food stamps, but the rich billionaires are the one's who are really in need. It is sick twisted way of looking at things. The Republicans are almost saying that it is the poor people's fault they are in a deficit. The U.S needs to reform. By ending the Bush tax cuts, raise the retirement age, and you already made significant cuts. The l;longer the U.S remains in deficit the higher the interest on the debt will be. In 2020 the U.S main expenditure could be the interest on the debt. Yeah not Medicare or social security, but the number #1 thing Republicans love to talk about. The Republicans need to look in the mirror. They are the one's who cause the deficit and now they want to fix it, by cutting help for the poor, because the rich are in so much need!