Talks still going on at the White House and still no resolution...
Wall Street extends losses, Dow slides 1 percent | Reuters
Should the USA go over the cliff and raise taxes to pay the debt??
Or... not sure what other choice their is.. ??
Captain Morgan this is the generation that will learn there is no free lunch
and the people of America are not the only ones on the planet. As for the
Obama Administration, it has not held true to all of its promises however it
is not the architect of all the damage inflicted on the American Economy
that started decades ago and successive administrations continued with
policies that didn't help. No country can keep pace when they don't pay as
they go believing taxes should never rise to pay their way.
The Republican fiscal conservatives have some good ideas but the social
conservatives and those who are under the yoke of the Tea party are going
to take the hit for this.
I don't think reversing his policies is the best plan. Perhaps reversing some, but rearranging others. After all, the USA wasn't in too great a shape before the meltdown either.
No question that Obama inherited a mess, but that was never any secret... His first campaign sought to change the course that the US was/is on, and that didn't happen (as if it really could have in a practical sense). But nonetheless, the promises were made and he was elected on those statements.
What I see now (and in the 2nd half of his first term), are actions that take a large risk in hampering their economy further.... All of this grandstanding about 'the wealthy paying their share' is nothing more than playing politics... Even with the proposed tax hikes on wealthy Americans and corps, the total addition to the coffers won't represent a whole number in terms of the US's operating deficit.
On the other hand, the risk is that some of these companies move (Haliburton), work to shelter income (Apple, Nike, Google) or downsize operations (thousands of medium and small business' in response to Obamacare costs)... These actions will have a deleterious effect on employment, but more importantly, on the basic incomes of those in the low and medium income sectors.
So I ask; who has really won, when one weighs all of the risks against the potential rewards?
No question that Obama inherited a mess, but that was never any secret... His first campaign sought to change the course that the US was/is on, and that didn't happen (as if it really could have in a practical sense). But nonetheless, the promises were made and he was elected on those statements.
What I see now (and in the 2nd half of his first term), are actions that take a large risk in hampering their economy further.... All of this grandstanding about 'the wealthy paying their share' is nothing more than playing politics... Even with the proposed tax hikes on wealthy Americans and corps, the total addition to the coffers won't represent a whole number in terms of the US's operating deficit.
On the other hand, the risk is that some of these companies move (Haliburton), work to shelter income (Apple, Nike, Google) or downsize operations (thousands of medium and small business' in response to Obamacare costs)... These actions will have a deleterious effect on employment, but more importantly, on the basic incomes of those in the low and medium income sectors.
So I ask; who has really won, when one weighs all of the risks against the potential rewards?
Check some history,americans don't learn anythimg.
The US could never afford the Bush tax cuts- same with the drug plan that Bush brought in - both should be on the table- Tax increases to spending cuts.