President Obama and Congress finally came to a compromise about the U.S. debt ceiling. Our country’s financial crisis was avoided by the raising the nation’s $14.3 trillion debt ceiling through 2012; cutting $2.4 trillion in expenses and establishing a special congressional committee to recommend long-term fiscal reforms
Excuse me for not doing cartwheels. Where the hell is the tax revenue? What about the damn Bush tax cuts that got us into this mess? Why the fuck do we need a super Congressional committee to discuss what has already been discussed and published last December by the White House’s National Commission On Fiscal Responsibility and Reform?
After all the political threats, PR tantrums and ‘my dick is bigger than yours’ action going on amongst the Democrats and Republicans – this is what they give us? I have the suspicion that this compromise had probably been mentioned before earlier, but was tossed aside as each party try to out-dude the other at the expense of the American public.
Now that the debt crisis is over (really?) the White House tells us that they will now concentrate on how to create more jobs. This should have been Obama’s number one priority after the 2008 election – not healthcare, but I digress.
How the hell are they going to create jobs when they have no additional revenue coming in? As we all know by now (except for the GOP) trickle down/supply-side economics (aka voodoo economics) does not work, so the Obama Administration can forget about the majority of the haves sharing their wealth. Those pesky Bush tax cuts keeps rearing its ugly head.
As for cutting expenses, it just means that the U.S. government will spend less money. Reducing expenses does not generate revenue, you simply spend less while trying to maintain the status quo. I guess this is America’s version of an austerity plan, though countries who have gone this route include significant tax increases. Most politicians see tax increases as political kryptonite to be avoided as much as possible.
I don’t have positive feelings about how well this is going to work out, but the U.S. will do its best. Unfortunately, this is no longer good enough anymore. I am so sick and tired of this bullshit. I am sick and tired of a lot of things.
I’m tired of politicians making decisions about our social programs as if they’re playing a game of chess instead of people’s well-being.
I’m tired of hearing faulty unemployment statistics which don’t truly report the number of people who are unemployed but no longer receive unemployment benefits or those who are underemployed or making significantly less due to cutbacks and lay-offs.
I’m tired of seeing seeing foreclosure signs and people getting kicked out of their homes while banks are reporting rosy quarterly profits.
I’m tired of the increasing cost of higher education because state and federal grants have been slashed forcing students to take out more loans while job opportunities are fewer and fewer.
I’m tired of wondering how much I will owe whenever I have a new prescription filled because my health insurance seems to cover less while I pay more.
I’m tired of seeing of wounded veterans with loss limbs due to never-ending wars in countries where our reasons for being there are still unclear.
Sometimes I feel that Americans have been run-down by the U.S. government. We’ve become cynical in that we mostly don’t expect government to do the right thing. Battling for change, to have your voice heard can be exhilarating, but it can also be exhausting.
Lately, I feel that’s what our government has been counting on so that it can go about its day.
It’s kind of hard to holler when you’re just too damn tired.
Bloomberg News said “[During a May 9th speech] House Speaker John Boehner, [gave] Wall Street leaders his prescriptions for growing the U.S. economy and reducing the nation’s debt [in which he] built his case on several assertions that are contradicted by market indicators and government reports.” Read more here.