So called "Job Creators"

So we all have heard by now what the Republicans are calling the rich, "Job Creators".  To some extent, this is true, obviously, the business owners hire people, but how many jobs were created recently by these "Job Creators"?  The Republicans are saying themselves that Obama has not created any jobs... I'm sorry, I thought the rich were suppose to be the ones creating the jobs in America?  By saying Obama has not created any jobs is also saying your beloved Job Creators are not creating any jobs.  Also, Obama's plan will raise taxes on the rich to Clinton like levels...  Do you remember what happened under Clinton's administration?  The economy thrived and we ended up with a SURPLUS!  Granted, spending has greatly increased since the Clinton Administration, but was that Obama?  I think not.  So far, the Bush tax cuts totaled roughly 2.8 trillion dollars, this is a large sum of money lost due to the Bush tax cuts.  On top of cutting taxes, Bush brought us into 2 very costly wars, which are still dragging on.  Now I am not saying the hole we are in today is all or mostly Bush's fault, but you have to admit Obama was giving a massive problem to fix, and later received a Republican majority in the House that is unwilling to compromise. 

The Republicans want nothing but spending cuts, whereas the Democrats want a more balanced approach to lower the deficit.  The Republicans have a valid point though, we do need to drastically cut spending in some areas.  We cannot sustain borrowing 40 cents per dollar, this makes us weak, and a strong military can do nothing when we cannot afford to move them.  I am still against all cuts and no new taxes though.  Republicans like to say "We don't have a revenue problem, we have a spending problem" and this is true but we have spent ourselves into a very large hole.  The only way to get out is to pay it off.  It would be much quicker if we raised taxes slightly to pay this off.  Although, if we are going to raise taxes, it should be followed by major spending cuts too.  Things like the Military, Medicare,and foreign aid (to other hostile governments, not people in need).

Please comment your ideas.  Whether you agree or disagree, I would like to know your view.

Anyway, that's all I have to say.

Obama's Debt Reduction Plan

We all have known for a long time now that America has a debt problem.  Our debt has gotten so large it's going to be a daunting task to rid ourselves of it, especially when members of congress are not willing to discuss many ideas.  President Obama proposed 3 trillion dollars in spending cuts, and 1.5 trillion in new revenue over the next decade.  Obama's plan will cut $248 billion on Medicare and Medicade, cut some spending on the two wars we are currently involved, along with spending cuts in other areas.  This should satisfy Republicans.  The plan also proposes raising taxes on people making more then a million dollars a year, repealing the Bush era tax cuts, and closing corporate loopholes in the tax code.

Obama said that he will veto any bill that comes before him that cuts spending on Medicare without reforming the tax code, along with tax increases on the wealthiest Americans.  He also said that "This is not class warfare- its' math".

Now I understand why Republicans will not raise taxes.  They think that raising taxes will stunt an already stagnate economy, but would raising taxes on the the wealthiest Americans PERSONAL income adversely affect the economy?  I don't think so, the majority of that money isn't being spent, its being saved.  A recent poll from CBS says that 78% of Americans are in favor of taxing people who make more then a million dollars a year; why aren't the Republicans listening?  I think this shows that the majority of Republicans are not representing their constituents, but rather large corporations, or they're just not willing to vote for anything Obama puts before them.

There was a study that came out a few months ago that showed that the wealthiest 1% of Americans control 42% of the U.S.'s wealth (if you would like to see it, click here.).  That is a MASSIVE amount of money!  And the bottom 20% of Americans control around 17%.  This is a ridiculous wealth gap.  When this country has been so generous to you, there is no reason we can't ask for you to help out the ones struggling the most.

Now I feel like I should get something straight, I know our government is spending way more then it needs to, and I am in favor of these spending cuts, in-fact, I think we should try to cut more.  Our defense budget is very large (more then countries 2-10 combined, $698,105,000,000 just last year), why cant we cut that down a little bit?  You rarely hear anyone in congress suggesting that.  But at the same time, we have to get out of this debt, and we have to increase revenue.  Taxing the middle class more would be devastating, they are already struggling as it is.  So that leaves two options, sit on our debt and increase it, or start generating more money then we spend to pay it off.  Either way, Obama is sure to get criticism for his choice, but something needs to happen in a positive direction if Obama wants to be reelected.

Anyway, I will surely have more on this topic later, but as of now, that's all I have to say.

Tyler,