President Obama needs to continue to state his case to the American people and say that the republicans are guilty of excessive spending and that they are reneging on their financial obligations. They are in essence behaving like dead-beats. The Bush tax cuts themselves are a spending spree, those lost revenues are monies that were spent but not accounted for in the budgets during those years. Those expenditures were simply kicked down the road to be dealt with a later time and now it is time to pay the piper. The republicans need to buckle down and pay their debts, because it is their debt and the democrats have forgotten to call it for what it is. The Bush tax cuts has hurt this economy for a decade now and will for even longer. The worst policy decision ever.
Read the Article at HuffingtonPost
Obama Threatens To Veto GOP’s ‘Cut, Cap And Balance’ Plan
19 Tuesday Jul 2011