Barack Obama
Two days ago, Federal Reserve chief, Ben Bernake sounded
the alarm regarding the U.S. economy not experiencing any growth,
indicating it has been stagnating and no further easing will take place at
this time (Ben
Bernake Rings Sobering Alarm On The Dismal State Of The U.S. Economy).
Yesterday, unemployment in America went up significantly, further
indicating the financial crisis still has a terrible grip on the nation.
This month, "consumer confidence" indexes also plunged.
Hate to sound like a broken record, but once again, it is
not too late to cut out the unruly spending, engage in substantial
government budget cuts and enact a suitable tax raise on the rich. This
will facilitate reduced debts, liabilities and expenditures, while
producing greater income for the treasury that can be used to create jobs,
improve schools, universities, roads, highways and the transportation
system.
Barack Obama on White House grounds
Some of the spare funds could also be funneled towards the
Small Business Association, with restrictions and proper controls, to
restart programs that give financial grants to people wanting to start
viable businesses in America ($5,000 to $15,000).
As naive as it sounds, ending the wars in the Middle East
would also save lives and reduce expenditures, freeing up funds that could
be used in America. Former President George W. Bush cut out so many useful
programs that benefited Americans, to pay for the war, which is a lose lose
situation, as soldiers and civilians have died.
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