Let me explain in normal terms about why the Republicans are right on the "debt crisis." The government has maxed-out their credit card (government spending > tax income). They are asking the bank/lending company (congress) to increase their limit. On top of this, their hours at work have been cut (Unemployment at 9+%== fewer tax payers working and paying taxes) and they are still spending money like they are making overtime. The bank has denied them a larger credit card and said that they need to balance their checkbook and get their budget under control. President Obama is asking for a pay raise (tax increase) instead of more hours at work (more jobs == more tax revinue).
No comments:
Post a Comment