Thursday, April 07, 2011

Obama: Progress, but No Deal to Avert Shutdown



The bargaining that exists with the USA economy has to stop.

The values of the House as reflected by the budget cuts will hurt our economy. Not just the spending, but, in the way it is spent. The monies in volley are minor compared to the redress of the nation's debt.

Military spending has to be brought into a reasonable portion of our national budget. The steps President Obama has made with NATO in regard to Libya is very important. I am impressed by France's prowess in removing the removal of destructful leaders, in this case from the Ivory Coast. For far too long, our allies have not had a public profile in the USA and they should. They are competent leaders that can contribute to the overall dispatch of efforts to secure peace. Their participation should be showcased as a measure of honor and loyalty for long standing friendships that at times, unfortunately, have been tense.

The USA cannot consider a global role in all aspects of military deployment. Allies are suppose to be exactly that and having the USA dominate the entire military theater of the world is not good for the strength and competency of our allies. The National Debt can be reduced in a movement to encourage the growth of allies military capacity and competency.

It is my opinion the since reduction in the national debt has yet to be addressed in a meaningful way.

The discretionary spending in the year 2011 is vital to continue an improving trend in the USA economy. It is the last place this Congress needs to demand cuts in areas that support economic growth.

I remind, the USA was abandoned by corporate banks that should have assisted in domestic recovery. In actuality, the bailout was not suppose to be 'an allowance' for corporate banking institutions to restructure their priorities and companies. The bailout was suppose to save the country the severe recession we entered when we were abandoned.

It has been the federal government that has been instrumental in providing small businesses and homeowners the support they needed to recover and grow.

There have been many stumbling blocks along the way since 2008, this episode of budgets battles should not yet be another. If it is, there will be serious consequences to the USA economy.

The Regressive Republicans will add another feather to their hat of obstructing the continued recovery of our economy and the many cultures that compose it. I am confident President Obama has made strides in his meeting this evening with the leaders of the House and Senate, but, to date the House has failed to realize their folly and come to an understanding of compromise. Let's hope it does not continue.