Sunday, July 17, 2011

President Obama On Debt

    So the word is that President Barack Obama has been talking about his plans to help Americans with their debt, I hope his plains start quick because there are too many people with debt.

    Washington (CNN) -- President Barack Obama said Friday he has not given up hope for a broad deficit reduction deal, urging Republicans to accept a fiscal stability package that includes higher taxes on the wealthy and reforms to politically popular entitlement programs such as Medicare and Social Security.
     Such a measure would be part of plan to avert a potential economic meltdown by raising the nation's current $14.3 trillion federal debt ceiling.
The president also stressed he has not ruled out less ambitious plans focused more narrowly on a debt ceiling increase.
     "set politics aside" and "do some tough stuff," Obama told reporters at a White House news conference. But "if Washington operates as usual and can't get anything done, let's at least avert Armageddon."(http://www.cnn.com/2011/POLITICS/07/15/debt.talks/index.html)

    I wonder what will happen to these plans if President Obama is not reelected? Also I feel that this issue of debt needs to stop being all talk and turn into action.

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