Here we go again. Days after President Barack Obama claimed the nation needed to raise the debt ceiling to avoid a stock market crash crisis, the nation is in yet another crisis.
There have been so many crises in the Obama administration — the “we need to pass the Troubled Asset Relief Program crisis” which didn’t work; the “we need to pass ObamaCare crisis,” which put the nation further in debt, etc.
I thought that the “we need to raise the debt ceiling crisis” was supposed to be the nation's salvation, but now there is yet another crisis?
The problem with the debt ceiling deal is that it did not provide any spending cuts. Because government spending has such a trajectory, there will now be an increase of $7 trillion in spending next year rather than $9.4 trillion. The bleeding slowed but the spending was not cut. The U.S. economic problem is unsustainable debt.
Unemployment is at an all time high. Consumer confidence is at an all time low. Inflation is on the rise. There could be a double dip recession and a downgrade of the U.S. dollar.
The nation is in constant crisis (never Obama’s fault, of course — just ask him).
I feel used by the Obama administration.
Judy Lowell, Rumford