Default is default. Debt is debt.
No, President Obama doesn’t have a plan. Not a real one.
While the Republicans do have a plan, their plan effectively pushes the U.S. into financial default while claiming that it does the exact opposite. The claim is that $300B will flow into the government via taxes so therefore it has money. It just needs to prioritize.
It is fail because once you fund defense, security and other favorite sacred cows then there is little left to run the country on.
Without some better projected outcome than that the U.S. must immediately curtail approximately 44% of spending just in August.
We should cut. We should adjust. We should do many things — would be glad to give you my list.
Do we need major cuts and spending realignments? Yes!
Yet, cuts must be accompanied by some tax increases for it all to balance. We need to eliminate loopholes. We need to say that deductions on your tax computation still means that you will pay a minimal amount — no matter how many deductions you have. (You can carry unused deductions forward. Use or lose.)
The president needs to stand firm on insisting on some revenue increases but he needs a real plan of his own. Show us the math. So far, President Obama and the Democrats are seriously malfeasant in being leaders.
As for the Republicans: shame, shame, shame. Constantly wrapping yourself in the flag while pushing the U.S. into default is not a plan. Your plan to ‘starve the beast’ has now reached its zenith. You might have my support if you weren’t so busy worshiping at the alter of profit and being hard hearted about the effects and the empty promises of your policies. What are you really going to do for the average American other than empty their pockets and kill minimum wage given the chance?