Wake up America! Wake up! Get your Fiscal House In Order.
President Barack Obama meets with Russian Foreign Minister Sergey Lavrov in the Oval Office.
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THEWHITEHOUSESPIN.COM
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WASHINGTON
WEDNESDAY, JULY 13, 2011
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"Wake up America! Wake up! Get your Fiscal House In Order."
Posted by Karen Ann Carr
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WASHINGTON- When the debt limit is reached on your credit card you, most likely, refocus on the values your parents or spiritual advisors have taught you. You manage your spending. You operate on a budget. You stop spending. You focus on paying off the credit card. And only if it is an emergency, do you request an increased debt limit based on what your resources are.What you don't do is ignore the importance of fiscal tightening. You don't encourage your children to spend more. You quickly look for more opportunities to earn more by work. You get your fiscal affairs in order by reducing your spending. You start avoiding opportunities that might cause a personal housing crisis. You begin watching and analyzing the commodities market, tighten up your financial affairs and improve your spending habits.
But now after Wall Street and big business been bailed out; the U.S. Government is doing nothing to prevent a comprehensive economic catastrophe. The U.S. Government has given billions to oil companies, large corporate farmers and multi-billion dollar housing mortgage corporations and now there is no money to pay the bills. The Obama administration gambled and loss; believing that spending money on a stimulus would turn out differently.
President Obama is willing to increase the debt limit because he is forced to do so. Meanwhile Wall Street investors sitting nearby waiting to cash in. If the U.S. Congress does not act, quickly, all hell will breaks loose within the global economy. Other nation states need the U.S. payments. Senator McConnell's proposal is not an honorable position to take. Senator McConnell and his Caucus should use their power to strengthen U.S. standing in the markets. Increasing the debt limit to 16.7 trillion dollars, without increasing
White House talks between U.S. Congressional leaders and the U.S. Presidential leaders is an earnest and sincere approach to the problem, but the real battle should be happening at the U.S. Capitol. There must be legislation which is support by the Congress. Real resources must guide this debate.
Perhaps we are not better than this. If the GOP wants to be increase the debt limits, it can not hide behind the Tea Party. The GOP will be complicit in moving America closer to fiscal failure if it increases the debt limit. Moreover, if the Democratic party wants to tax the wealthy and give it to the poor; it can not hide behind unfunded entitlements with pride. America will not continue as it has and pull the U.S. Government all together. Change is here. The entire world operates differently. Thus America must ficus on retiring its debt, its entitlements and its partisan battles.
America must retire its debt.
America's Wall Street Market is not sleeping! It is waiting to cash in next month. The representatives of the U.S. Congress are not resting, they are bowing to their campaign supporters!
The White House leadership is waiting for the U.S. Congress to come to an agreement. Meanwhile many of the Congressional leaders are, literally, jealous of President Barack Obama's prestige and his ability to raise money and his ability to make courageous decisions.
America is better than this. The GOP must be apart of any decision to increase the government debt limit. This is not a decision to be placed, totally, in the hands of the Obama administrative staff. The U.S. citizens did not elect the economists of the Obama administration. And the individuals of states did not elect the Federal Reserve Chairman to run the economy of the U.S. government.
A decrease in spending will happen, one way or another. People want fiscal tightening, because they want to get back to work. Fiscal spending must be reduced. The housing market crisis must end. America must generate fiscal strength to improve the global economy.
We can do it.______________________
U.S. PRESIDENT BARACK OBAMA
White House Photography Pete Souza, July 12, 2011
President Barack Obama hugs Bertha Petry, the grandmother of Sergeant First Class Leroy Arthur Petry, U.S. Army, in the Blue Room of the White House. The President later awarded SFC Petry, left, the Medal of Honor for his courageous actions during combat operations against an armed enemy in Paktya, Afghanistan, in May 2008.
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