Wednesday, July 06, 2011

The US Debt Ceiling


Well folks its back to the usual class warfare by the Obama White House, the President stated the following on the US debt ceiling, …I believe we need a balanced approach. We need to take on spending in domestic programs, in defense programs, in entitlement programs, and we need to take on spending in the tax code -- spending on certain tax breaks and deductions for the wealthiest of Americans…”. Thus when your coming out of a recession the last thing you do is raise taxes, who does POTUS thinks hires people, poor people, also when you in two wars, Afghanistan and Iraq, what does Obama want to do, cut defence spending, it was the Reagan defence spending in the early 1980s that lead to the economic boom of the middle and late 80s. This also lead to the 1984 re-election of Reagan with 59% of the vote, 49 States, and 525 electoral votes. A Harvard Degree does not make you fit to be President, yes on the US Supreme Court but not President, perhaps Obama will be another Taft, a one term, President who becomes Chief Justice of the US Supreme Court, he would do less damage on the US economy on the bench than in second term folks.

No comments: