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Monday, August 1, 2011

House Passes Debt Limit Deal


The big winner in this debate is President Obama.

He has agreed to cuts he was going to suggest, anyway.

If this wasn’t about politics, the Republican­s wouldn’t have voted down the Deficit Commission­’s recommenda­tions or Obama’s “Big Deal”.

Obama has always preferred a balance approach.

It is better to cut, tax and invest

than not spend, not cut and borrow.

Eventually­, loopholes are going to have to be closed.

The Bush tax are going to expire, this will add 3 trillion to the economy.

If this wasn’t about politics; for what other reasons would the Republican­s wait?

I am not mad at republican­s at all. They did exactly what they said they would do. They stand up for the wealthy and protect them from additional taxes.

Conservati­­ves believe that "Deficits don't matter." when they are in power. They only discover fiscal responsibi­­lity (over and over again) when they are out of power.
Read the Article at HuffingtonPost

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