White House Press Acts Averting an U.S. Economic Calamity, which is Emminent
U.S. PRESIDENT BARACK OBAMA
White House Photo by Pete Souza, July 25, 2011.
___________________________________________________________________________President Obama addresses the nation on the stalemate in Washington over avoiding default and the best approach to cutting deficits.
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THEWHITEHOUSESPIN.COM
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WASHINGTON
"Averting a U.S. Economic Calamity that is Eminent"
Posted by Karen Ann Carr
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WASHINGTON-Today the White House Press Core tried coach the White House Press Secretary Jay Carney toward an approach that might help to avert an economic calamity in the United States of America. An economic calamity is eminent in America if the debt limit is not increased. The White House Press has suggested that the compromise negotiations might be reactivated if a passable plan was developed by the White House and handed off to Congress to approve as a bill. Of course, the plan sent to Congress by President Barack Obama would be a plan that he would, willingly, sign before August 2, 2011.
Phased entitlement reform, revenue development and deficit reduction has to been advanced by the White House, but rejected by both political parties in part or in whole. However, phased entitlement reform will happen one way or another if there is not enough real money or if the risk free rates are increased because the U.S. can not pay its obligations and the debt limit is not increased.
A US Government default has been developing over time as oil companies, corporate farmers and the very wealthy have continued to use government endorsed tax write-offs. Whites have 20 times the net worth of blacks in America and 18 times the net worth of Hispanics. So, the development of the US deficit has primarily been felt the greatest within black and Hispanic communities Questionable policy decisions are bankrupting the United States of America. And a US Government default will be due to historical and unbalanced approaches to governance. To reassure the global markets, the White House wanted to use entitlement reform, revenue reform and spending reforms to send the right signals Strategic reforms represent a balanced approach.
To protect Americans from eminent economic danger, President Obama has asked for assistance from American. President Obama has accepted the fact that there are those in the U.S. Congress who are unwilling to shift from spending beyond the means of the US government. Additionally, President Obama has accepted the fact that there are Senators and Congressman who are willing to force seniors, the poor and the middle class to pay more for less services; while the ultra rich stand on the sidelines desiring to help in monetary ways.
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