Last night, Obama proudly stood before the nation and announced that a debt-deficit deal has been reached. The gist of the "deal" is a $1 trillion deficit reduction over 10 years, a "balanced budget," a debt limit increase, and the formation of a bi-partisan committee to deal with further deficit reductions by November, with certain "triggers" involved.
COMMENTS:
Shades of the ObamaCare Bill; we'll have to read it before we know what's in it. Well, $1 trillion over ten years? Starting when? A "balanced budget," that is not a balanced budget amendment by any stretch of the imagination. A bi-partisan committee? Obama ignored the results of the last bi-partisan committee that was formed. Kick the can down the road another four months with no guarantee that Obama will sign any legislation that comes forth in November, deal or not? I've had enough of this double-dealing, smoke and mirrors crap. Why didn't they raise the debt limit by $50 billion or so and keep on working on this now? If this passes both Houses this morning, it will be a total blitzkrieg in November of 2012.
TODAY’S QUERIES & ANSWERS:
Q. How come Obama and Geithner keep hinting they are going
to stop military pay and social security checks? (Cal ~ Tallahassee, FL)
A. Because they think we’ll go into hysteria and call
Congress to let them have their way. I’d
give my eye teeth to see them do it; that would be the end of the Imperial
Presidency in less than 24 hours.
Q. I just read a really sad story about the thousands and
thousands of dogs and cats that are abandoned by people when they move
out. How can they be so cruel? (Maria ~ Sacramento, CA)
A. When the shelters are full, you’ve been evicted and the
apartment house where you are headed to won’t allow pets and your relatives
won’t take them, what do you do? That’s another untold tragedy of our
economy.
Q. Do you think the economy and jobs situation will get
better after they resolve this budget issue?
(Morgan ~ Reno, NV)
A. No. They have not
addressed the underlying issues. People
and business still don’t know what to expect in future taxes, health care costs
and government regulation. It’s already
been proven that you can’t stimulate the economy by spending a ton of money or
throwing money at the problem. You
certainly can’t stimulate anything by cutting spending. The only proven method to stimulate an
economy is to reduce taxes, and that is not in the ball game.
TODAY’S QUOTE:
"We can judge the heart of a man by his treatment of
animals." ~ Immanual Kant
TODAY’S VIDEO:
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