The more I read the news the more discouraged I get on America's future. It's not looking good. Minnesota has a government shut down for two weeks and on going. Our President is allowing this debt deal to take to long risking many Americans to lose money or care. I say care because many Americans use their Social Security money to pay for health needs besides medicare.
What happend to the money people paid into? People pay taxes, our taxes goes into medicare, SS etc. Our government put to much spending into military over 50% of Gov spending is due to defense. Just recently Our gov spent 750 million dollars on military action in Libya.<--source.
I feel this debt crisis is going to turn out just like the MN government shut down. I also feel the end result will mean raising the debt ceiling. They should just stop these talks and raise it already because they are just making people who need SS and medicare stressed out.
I also hope ( doubt it) the debt talk will make Oil companies and big business pay more in taxes so money can start going into our debt.
How much debt is the USA in so far?
Take a look for your self: http://www.usdebtclock.org/
14trillion+
If tax cuts continue we will never get down to even 14Billion. No money is really going into the budget. Middle class and poor can't carry this country on its back time for the rich to help out.
Here is a video of Pres.Obama verifying no checks if no deal made on budget:
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