Treasury Secretary Tim Geithner Warns congress that there must be an immediate increase in the maximum deficit allowed. He says that if this is not done that the country could run out of money by March or May 16th at the latest.
http://www.nytimes.com/2011/01/07/business/economy/07debt.html?ref=politics
Friday, January 7, 2011
Political Stuff- OMG we might actually spend less on the military for once
Defense Secretary Robert Gates said thursday that during this time of national debt he is required to call for cuts to our military. This will be to try and reverse the extreme increase in spending since september 11, 2001. The white house it ordering the pentagon to cut down spending over the next 5 years. This will reduce the amount of budget available by 78 billion not including the money used for combat operations overseas.
http://www.nytimes.com/2011/01/07/us/07military.html?ref=politics
This is good. I mean it took everyone long enough to realize we are throwing oodles of cash at our military for no real reason besides the irrational fear of other countries 1/100 our size. They are asking them to cut 78 Billion from there budget which really is not more that 5%. It would cut about 47000 troops from our standing army which is 6% of our force. That amount won't even slightly make a dent in our troop numbers but it is a start to reducing the overwhelming cost of our military. The real way however to pull our country out of deficit would be to cut spending on our less then productive overseas activities. Doing that would really cut our costs. Everyone is trying to cut money from other areas that would never need to be touched if we just stop spending money overseas. However politicians act blind to the real problems so well wait and see what other cuts the white house has in store for us.
http://www.nytimes.com/2011/01/07/us/07military.html?ref=politics
This is good. I mean it took everyone long enough to realize we are throwing oodles of cash at our military for no real reason besides the irrational fear of other countries 1/100 our size. They are asking them to cut 78 Billion from there budget which really is not more that 5%. It would cut about 47000 troops from our standing army which is 6% of our force. That amount won't even slightly make a dent in our troop numbers but it is a start to reducing the overwhelming cost of our military. The real way however to pull our country out of deficit would be to cut spending on our less then productive overseas activities. Doing that would really cut our costs. Everyone is trying to cut money from other areas that would never need to be touched if we just stop spending money overseas. However politicians act blind to the real problems so well wait and see what other cuts the white house has in store for us.
Political Stuff - Republicans being Anti Healthcare
Republicans are told that repealing Barack Obama's Healthcare will add 230 billion dollars to the deficit over the next decade. But the new speaker of the house John Boehner doesn't agree with the estimates stating that they are made primarily by the Democrats. He says that repealing the "job-killing" health care bill will increase the deficit. But the deficit comes from continuing the medicare that would be greatly reduced by this new bill.
http://www.nytimes.com/2011/01/07/us/politics/07cong.html?_r=1&ref=politics
This seems very straight forward to me. The republican speaker of the house is just going to deny the report because it doesn't say what he wants it to. The report made by an independent company with outside help from multiple different experts according to Boehner is being made biased by Democrats. So instead of looking at the facts presented in front of him and conducting himself accordingly he's gonna go his own way and still try to repeal this healthcare bill that covers 95% of americans. I mean just that statistic on its own should be more than enough to keep everyone on board. People are to selfish and prideful to realize what this bill does. Anyway it doesn't matter its not getting repealed.
http://www.nytimes.com/2011/01/07/us/politics/07cong.html?_r=1&ref=politics
This seems very straight forward to me. The republican speaker of the house is just going to deny the report because it doesn't say what he wants it to. The report made by an independent company with outside help from multiple different experts according to Boehner is being made biased by Democrats. So instead of looking at the facts presented in front of him and conducting himself accordingly he's gonna go his own way and still try to repeal this healthcare bill that covers 95% of americans. I mean just that statistic on its own should be more than enough to keep everyone on board. People are to selfish and prideful to realize what this bill does. Anyway it doesn't matter its not getting repealed.
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