Personally, I'd call it a crisis of manufacture by the Republican party in an effort to discredit Obama. How quickly we forget the eight years that Bush Jr. was President and the mess he made out of the economy during that time.
So, let's see if I got this right. Congress stops a routine increase of the debt ceiling, saying that some changes have to be made before that happens. Right, that's a good thing. We like changes for the better in our economy. But the problem seems to be that the Republicans are not in support of getting rid of tax credits for the wealthiest of Americans and corporations. Instead, they want to cut spending on everything until it fits their wildest dreams. Not to say that Obama won't propose historically drastic cuts himself, but Boehner wants to take it even further only without upping the ante on the upper class.
So, do I have that right?
BTW: I would LOVE to know how the hell getting rid of tax credits for the wealthy hurts small business. Last I heard, a lot of small business loans are government subsidized, and Obama does not want to touch that.
So, let's see if I got this right. Congress stops a routine increase of the debt ceiling, saying that some changes have to be made before that happens. Right, that's a good thing. We like changes for the better in our economy. But the problem seems to be that the Republicans are not in support of getting rid of tax credits for the wealthiest of Americans and corporations. Instead, they want to cut spending on everything until it fits their wildest dreams. Not to say that Obama won't propose historically drastic cuts himself, but Boehner wants to take it even further only without upping the ante on the upper class.
So, do I have that right?
BTW: I would LOVE to know how the hell getting rid of tax credits for the wealthy hurts small business. Last I heard, a lot of small business loans are government subsidized, and Obama does not want to touch that.