Sunday, July 24, 2011

Debt Ceiling Crisis

Telegraph: Reports on comments made by Bill Daley, President Obama’s Chief of Staff, Mr Daley stated that the money markets and the US voter faced stressful days ahead. At the end of the day folks the US cant just add more debt, at present the US debt stands at fourteen trillion, the Republican House should force the Oval to make heavy cuts in the US welfare system, while not hiking taxes, any deal between the Republican and the Democrats should not have any tax hikes, for the rich to the middle class. The Republicans have to keep their nerve and smoke out the real Obama, does Obama want to really make a major deal with cuts or does he want to pander to the liberal base of the Democratic Party, this deal will define Obama.

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