Monday, July 11, 2011

DEALING WITH DEBT

Dawn Boyle

Emergency meetings going on to hammer out a deal about the debt America is in. President Obama wants the tax cuts on America's richest to expire. There are also entitlement issues to deal with on the other side of the isle. The deadline is August 2. We are about to run out of money. Checks might not be cut for social security. The stock market may dive. The chances of mortgages or loans be issued are doubtful. There is no way we can default. It will cause thousands of people to be layed off.

 Republicans and Democrats need to stay at that table and figure out this 4 trillion dollar debt. ROLL UP YOUR SLEEVES! GET IT DONE!!!!

This deficit is a crisis - if interest rates rise Americans are totally screwed!

1 comment:

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