The debt talks are taking front stage this week in politics. So far very little progress has been made. Both sides are agitated with the other side because they won't give in. Time is on the conservative side though as if they hold to their line of deep spending cuts and no taxes then it'll happen with or without a deal.
No deal means there will be automatic deep spending cuts as the debt is the first thing to get serviced and it will be serviced as money will still flow into the government on a daily basis. Obama wants taxes raised though but is refusing to cut his record amount of spending.
Senator Obama voted against raising the debt ceiling but President Obama is singing a different tune. I can't hold that against him though as he was against President Bush's war efforts but has continued every Bush wartime policy. Things are different from the campaign trail than they are after you swear your oath.
However that goes only so far, the Tea Party put into office a massive amount of conservatives with one united goal, cut federal spending. Not only were they put into office on the federal level but at the state and local levels as well, liberals are scarce in the halls of government now. That's a good thing but conservatives are going to have to stick to their campaign promises and rein in government and it's overreaching powers.
We are taxed enough as it is, all three levels local, state, and federal. When I can't pay my bills no one steps in to help so government will have to live under the same restraints as the rest of us, conservative and liberal alike. Normal American families are hurting right now and jobs are scarce, the economy is tanking after the bailouts AND the stimulus package. The Obama administration hasn't got any bullets left to try but to raise taxes which is its ultimate goal anyway.
The problem is he can't. Conservatives hold the House and they won't cave in to any tax raising pressure, hence the standoff. It'll be interesting to see how much in spending cuts happen now and in the future, Obama is stuck and must deal with the House on the Houses' terms now.
Thursday, July 14, 2011
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