The House of Representatives have passed a request from President Obama to increase the amount if days he has to spend money. In attempt to make a deal with the Senate so they pass a budget resolution, which is something they haven’t done in 4 years. But many of the Democrats are still not happy. With new fiscal battles over automatic spending cuts and the expiration of the debt ceiling on March 27th looming round the corner. They are calling for the Republicans to stop creating problem after problem where they will always do a deal in return for spending cuts. They also believe that this ‘strategy’ of the Republican’s is becoming too predictable.
So, Obama has got his own way again. A rise in the days he has left to build up the nation’s debt statue. I don’t think he realizes that he is creating a massive burden for the next generation of America to carry on their shoulders for the rest of their lives. He is also increasing the amount of spending cuts the Republicans will ask him to make to reduce the Deficit figure. Whereas the Republicans are not helping the Democrats much by making them argue out a law for ages meaning that they are resultantly being distracted from the real issues they are facing when they can’t solve them anyway. And when the Democrats do hit the debt ceiling, they will just sit back and let the Democrats take the blame while the public do not realize that they have been making it a hard time for the Democrats.
Still, this is not an excuse for President Obama to carry on ducking out of the problems he faces in his Government. Because eventually he will not be able to go crying to the House to pass a quick fix to massive problems and kicking the can down the alley, because eventually that alleyway will lead to a dead end with no way out for America.
I think that the Republicans need to stop making it hard for the Democrats by not refusing to pass laws for silly reasons and stopping holding them up to decrease the amount of time they have solve problems. My advice for the Democrats is to ask the Republicans for a raise in the Debt Ceiling for 6 months in return for sharp spending cuts and higher taxes on the richest Americans who can afford to pay higher taxes. They also need to increase tax on capital to equal with the tax on income, so that rich Americans cannot escape tax by turning their income into capital. Yes this will make the US economy shrink drastically, but the point is. They will effectively dig up the unstable foundations that America’s economy is built on and build new stable ones where the whole economy is supported by genuine money rather than borrowed money which they cannot afford to pay for. Of course Barack Obama will not do this because he is too scared to face the real problems America has and is too worried about the economic growth of America.
Seb