President Obama Unveils Long-term Deficit Plan














U.S. PRESIDENT BARACK OBAMA & JOHN BRENNAN
White House Photography by Pete Souza, August 26, 2011.

President Barack Obama is briefed on the situation in Libya by John Brennan, Assistant to the President for Homeland Security and Counterterrorism, in Chilmark, Mass..
_______________________________________________
__________________________________________________________
"PRESIDENT OBAMA UNVEILS LONG-TERM DEFICIT PLAN"
Posted by Karen Ann Carr
__________________________________________________________
WASHINGTON, DC- U.S. President Barack Obama attempted to detail how he would guide the Congressional strategy of the deficit reduction plan to be "fair to everyone." But is he really being fair? In his own words, he is asking the wealthy to make business "sacrifices" that are economically unsound. If you make more why should you be forced to pay most of the U.S. Governments bills. Such an approach does not incentivize people to be successful i business, rather than marginal.

President Obama is not defending what he wants to build. The President has decided to ask the people who have done well, to pick up the tab for the federal government's spending. Those who have done poorly don't want the wealthy to pay for spending that should have never taken place.

He has decided to put the burden of ending the long-term deficit on the backs of extraordinary people who have done well. Most ordinary people hope to fair well economically to end the burdens. No one works hard to do well to pay most of the fruits of their labor to a spend-thrift governors.

"Plan will reform tax breaks for the wealthy," President Obama said. "We will save 1 trillion dollars by ending the wars." 

Benefiting from taking a risk to become a wealthy business owner, should not put one at risk of getting a bad deal from the U.S. Government.




 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.