The article I read today was how President Obama talked about getting a national debt deal done

The article I read today was how President Obama talked about getting a national debt deal done

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The article I read today was how President Obama talked about getting a national debt deal done. This is very important because it will allow us to raise the debt ceiling. By raising the debt ceiling people will want to spend to try to simulate the economy. The bad thing that could happen is that we could go further in debt. He talked how important it is that the republicans and democrats put aside so that the global economy will not tank so the USA can simulate other countries. The main thing holding the deal back is that the republicans want a plan to decrease the national debt.
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Unformatted text preview: I feel this is the right idea because we need a limit on how much the government can spend before we as people are taxed more heavily. Also in his plan he wanted to increase taxes to help decrease the deficit while most people in the house want to save around 2 million so there will not be an increase in taxes. Another thing he said was how he was not going to accept a smaller shorter deal so one would get passed. All of these above shows how desperate we are to clear our debt. I find this a very good thing so I will hope a deal will get passed....
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This note was uploaded on 10/13/2011 for the course UNIVERSITY 101 taught by Professor English during the Spring '11 term at South Carolina.

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