Flying The Web For News.
  • Career Exam Study
    Career Exam Study
  • US Politics
    US Politics
  • E-commerce Guide
    E-commerce Guide
  • Dropshipping Guide
    Dropshipping Guide
  • Microsoft Exam
    Microsoft Exam
  • IT Career News
    IT Career News

Article Tools/Herramientas de artículos

+ Larger Font/Fuente más grande | - Smaller Font/Fuente más pequeña




News Commentary

Some of our past commentary articles.

Commentary: Nation's Debt Ceiling Limit Increase



The Nation's Leader Obama, will present a news conference Friday July 15th, to deal with the status of discussions to improve the country's debt ceiling.

It will be the president's second news conference on the subject which has consumed official Washington and be among the greatest preoccupations of Obama's presidency. The debt ceiling is assigned at $14.3 trillion and also the administration states that if it's not elevated by August. 2 the federal government would default on its obligations.

Not only will the US default on its obligations, it will also have a large impact on the financial decisions we make. It will be hard to get a loan, buy a house with increased interest rates. It will also increase the amount we all pay for products and services.

The President is asking for a small increase on taxes for the people making more than $200,000 a year. The GOP rejects this option, citing it will "kill jobs". What jobs? If we don't have enough jobs now, we are not going to have jobs with an increase in taxes. What is happening right now is not helping. We need to take different steps and make a new plan. Tax increases are inevitable. Everything is going to cost more in the future. As populations increase all over the world, demand for food and energy will skyrocket. It is just the way the world is becoming. If we make small tax increases now, it will save us all money in the long run.

The more money a person or business makes, they should pay more in tax percentages than those making much less or some making nothing at all with unemployment rates so high for so long. Tax brackets are the most fair way in getting much needed revenue into the system. The GOP, is watching out for the rich, stalling on the deal, and embarrassing the country. The whole world is watching and waiting to see how all this unfolds. By not raising taxes at this time is going to have very bad effects, later on. Bill Gates and Warren Buffet have no problems in paying more taxes. They are the most generous in charities. Why? "What goes around, comes around." They are well off, because the give a lot back to the world. It is that simple.

This tax increase is so small. There are companies making huge profits due to the recent layoffs. Google just announced 9 billion dollar profit in the second quarter. Now that says a lot.

We are America. We need to do what is right. We need to do this debt ceiling deal today.


Related Bing News Search Results

Commentary: Nation's Debt Ceiling Limit Increase - Newscast

Wall Street Eyes Later Debt-Cap Date Amid Robust Fiscal Flows

Fri, 25 Apr 2025 08:36:00 GMT Wall Street is pushing back their expectations as to when the US government will exhaust its borrowing authority under the debt ceiling because of April’s robust tax and tariff collections, with ...

How Trump’s War on the IRS Impacts the GOP’s Debt Ceiling Fight

Fri, 18 Apr 2025 03:02:00 GMT The agency is being gutted at the same time that its revenue will determine how much longer the government can operate before defaulting on its debt.

The U.S. Has Hit The Debt Ceiling. How Long Does Congress Have To Fix It?

Mon, 31 Mar 2025 22:50:00 GMT The U.S. government hit its congressionally-set debt limit on ... estimated in a commentary that the X-Date will likely occur sometime in the spring or summer. The debt ceiling has become a ...

The U.S. Is About To Hit The Debt Ceiling Again: What That Means For The Economy

Mon, 31 Mar 2025 15:31:00 GMT The U.S. government's borrowing limit was reimposed this week, putting the nation days away from going over the debt ceiling ... wrote in a commentary this week. At that point, it would be ...

Why Trump Is Right About Ending The Debt Ceiling

Mon, 31 Mar 2025 06:13:00 GMT The debt ceiling does nothing to control spending—and puts the U.S. economy at risk. Congress should eliminate this outdated and dangerous policy.
Blow Us A Whistle




Related Product Search/Búsqueda de productos relacionados