Privately Owned News and Resource Site - College Grants & Scholarship Resources -
May 22, 2024

Obama Asks For Maturity in Congress, Works Towards Compromise on Budget

This should come as no surprise, but the economy of the United States the main concern of President Obama and every member of Congress.

Obama’s initial proposal on the budget for 2012 was not what one would describe as liberal. However, it is also not exactly conservative either. Obama put forth a proposal that was moderate and in the middle of the two parties’ ideals.

The President’s main goal is to stabilize the economy and to make sure that the national deficit and national debt do not continue to spiral out of control like they have been the last decade.

To do so, the President of the United States made it perfectly clear that both Democrats and Republicans would have to give up some of their demands and compromise to reach the right budget for stabilizing the American economy.

Obama said what was needed was an “adult conversation.”

He said, “what we need is a reasonable, responsible, and initially, probably somewhat quiet and toned down conversation about,” the compromises that need to take place. He also said, “I’m confident that will be the spirit that congressional leaders take over the coming months.”

While some have criticized his proposed budget as too costly since it would add $7.2 trillion to the national debt by 2021, Obama is not letting the statistic be used improperly.

With debt comes interest. It is not news that the government doubled the national debt during Bush’s presidency and that interest is accruing. The increase in the debt in the next 10 years has much more to do with the fiscal decisions of George W. Bush than it does with the proposed budget of Obama.

One of Obama’s objectives is to gain control over the costs of Medicaid and Medicare, as well as Social Security. The President said he is sure that with a mature conversation, Social Security would be figured out, but Medicaid and Medicare would need a lot of work due to the rising cost of health care.

Obama also wants to address tax reform.

Obama said, ”This is a matter of everybody having a serious conversation about where we want to go and then ultimately everybody getting into that boat at the same time so it doesn’t tip over.”

The biggest thing that needs to happen is for both parties to come together and put political games aside and truly do what is best for the people of the United States in the future.

Be the first to comment

Leave a Reply

Your email address will not be published.


The website is not associated with the government