President Obama laid out his plan to reduce the federal government’s deficit last month in a speech that has created a firestorm of criticism from the leadership of the GOP. The President said spending cuts and higher taxes must be part of any true deficit-reduction plan. He correctly stated that an end to Bush-era tax cuts for the wealthy had to be included in any workable plan. Many in our Nation’s Capitol seem to have forgotten that the Bush Administration put us into two major wars, one of which has lasted longer than World War II. That, coupled with the tax cuts, has put our government in a real financial crisis. President Obama promised to protect Medicare, Medicaid and Social Security and that’s exactly what most people wanted to hear.
It’s quite evident that the federal government must learn to live within its means and while that won’t be easy, it’s an absolute necessity. We must also reduce our deficit and get back on a path that will allow the government to pay down the national debt. The President is correct, however, when he says all of this must be done in such a way to protect our nation’s future which includes protecting the economic recovery that started in 2009 and has gradually improved. We must figure out a way to save industrial jobs in this country and keep companies from moving these jobs to other countries such as India and Mexico. We must create jobs and not lose them.
The National Republican Party is having difficulty deciding which of the many available candidates will have a chance to unseat President Obama. The list – while lengthy – is not too awfully impressive at this juncture. The strong presence of the Koch Brothers and the Tea Party zealots will make things tough for middle-of-the-road candidates. It will be impossible to satisfy them in my opinion. Adding to the GOP problems is the entry of Donald Trump into the Presidential sweepstakes.
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