It has been said that if you find yourself in a hole, stop digging. President Obama doesn’t seem to grasp that bit of common sense.
Since elected, Obama and the Democrats have spent incessantly, borrowing well over $16 trillion, and they want more. There is a spending problem.
It has been shown that raising tax rates on the rich won’t nearly provide the amount of dollars needed to pay the bills. It is more of a political tool to help Obama and the Democrats generate votes from lower income people by creating a class warfare resentment toward the wealthy (wealthy Democrats included?).
Taxes will increase from the Affordable(?) Health Care Act (Obamacare) and recently negotiated tax decisions. The president has not committed to cutting any major expenses.
The debt ceiling will soon be debated and, if raising it continues, the dollar could soon be worthless, and the younger generation is already saddled with excessive debt.
It would be nice if the Obama administration concentrated on the well-being of the United States rather than that of the Democratic party.
There is much that occurs in Washington that is not explained. The media are not helpful, omitting balanced reports and emphasizing one side with their stories. They have avoided any news focus on those in Congress who vote opposite their campaign promises.
Thomas F. Shields, Auburn