Wednesday, April 13, 2011

Economic Blues

Come on America, get it together already!

The ballooning US deficit is set to be a top issue in the 2012 election campaign, and in recent weeks, Republicans have laid out their own plan to cut it, based on big reductions in healthcare and social programmes for the poor and elderly and in education spending.

That's the right path: forget about the elderly. I can't wait to grow old and be in even more debt than I am just coming out of college. I can't wait to lay in my bed, praying for medications that I won't be able to afford. What boggles my mind is that most of these Republicans are themselves nearing their elderly years, yet because of their wealth they can rest assured in their final days because they won't have to rely on the government programs which they are cutting funds from.

"We have to live within our means, reduce our deficit, and get back on a path that will allow us to pay down our debt," Mr Obama said in a speech at George Washington University. "And we have to do it in a way that protects the recovery, and protects the investments we need to grow, create jobs, and win the future." (Obama)

I personally just want to make sure that China doesn't come to own America.

Led by Mr Ryan, Republicans have offered their own proposal that would go further than Mr Obama's, slashing $6.2 trillion from government spending over the next decade, in large part through cuts to government programmes that serve the elderly and the poor. The proposal would also drastically reduce taxes for wealthy Americans, a move conservatives say would boost economic growth. Yes! This is the answer! (sarcasm)

I don't understand how Republicans (eh, politicians in general) can be so clearly stupid. How much more can we cut education and government welfare programs? Pretty soon we will be a country full of idiots because we've slashed our education programs too far. Already we are trailing behind other nations in test scores and academic research, and from what I see in the school system in Philadelphia is that these schools are already in dire shape, and many around the city are proving to be a disservice to the children they are serving.

"They want to give people like me a $200,000 tax cut that's paid for by asking 33 seniors to each pay $6,000 more in health costs? That's not right, and it's not going to happen as long as I'm president. The fact is, their vision is less about reducing the deficit than it is about changing the basic social compact in America. There's nothing serious about a plan that claims to reduce the deficit by spending a trillion dollars on tax cuts for millionaires and billionaires." (Obama)

The state of this union makes me utterly depressed for the future.

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