Tuesday, October 19, 2010

Political Stuff - National Debt + 3 Trillion

This article talks about how the national debt is soaring out of control. People are blaming Barack Obama because since he started in office the national debt has increased 3 Trillion dollars. During the Bush administration the national debt increased by 4.9 trillion dollars. It says that Barack Obama is against extending the tax cuts for people who make over 250 000 dollars because it will increase the national debt by 700 billion dollars. He also argues that we now have to pay interest to China and what ever other country that is willing to buy our debt. 


http://www.cbsnews.com/8301-503544_162-20019931-503544.html


Well Barack this is deffinitly not the fault of the guy who stopped us from being balanced. Wait a minute it is Bush's fault for spending god knows how much on two pointless wars to protect his interests in the oil industry. During the Clinton administration we had a period of not being in the red but then everyone got up in arms because he decided that he wanted some which most people were against. I personally would have let him continue doing what ever he wanted as long as we weren't going into debt but people thought he presidents morale status was more important. Now people are against the Barack because he does not want to extend tax cuts for the rich. And now all the rich people are telling us that its not fair. Well rich people who cares about weather or not you have and extra 100,000 dollars or not. I don't. And guess what else life isn't fair but if you don't like it go buy a new life, you got the cash. Barack is on the right track by not extending the tax cuts for the rich. They honestly don't need it. They're the top 1% of people now if they get this extension on their taxes then there is a problem because most of the 99% of normal people don't want more national debt or are to dumb to know what national debt is.  So in essence Barack is on the right track not treating rich people the same as the average joe. And i hope that by the end of his term he rectifies our budget so that i can say haha screw all you stupid people that didn't believe in Barack Obama

No comments:

Post a Comment