There is a reality being missed regarding all these efforts by President Obama. I would call it "Keeping it Real," but, the Republicans would call it "Destroying the Party." Through all these engagements with the public and speeches, President Obama is trying as hard as he can to remove ideology from the workings of the government. He is very much seeking to return function to government.Up to now, he has been willing to 'go along, to get along' with the Republicans, but, at the basis of his efforts both stated and unstated is 'the will' to return the government to the people without the rhetorical nature of it all. He is trying to clean up the language. This term is obviously a return to solid language, even in his inaugural. He wants to speak the language of the people, not the political dialogue of any party.
What was startling to me within the speech in Virginia was the idea "The Sequester" was not at all necessary. It didn't seem at all within the reality as I know it. But, the President is strongly dividing the Budget from the National Debt. He wants job growth to overtake "The Sequester." He is correct. We still have a generation UNDER-employed.
When it comes to the debt during these times, we need to minimally address the interest on the debt with goals to address more of it.
Erskine Bowles, (click here) a co-chair of the president's bipartisan deficit-reduction commission known as "Simpson-Bowles," has called the nation's compound interest burden one of the biggest long-term challenges facing the United States.
As a nation, we should never tolerate under employment nor poor wages to our citizens. The USA is not for sale to Wall Street. To that moral end, we have an obligation to increase taxes, increase employment and raise the minimum wage. If President Obama is convinced he can undo all the poisons in our government and increase the quality of life of all Americans we need to pay attention.
To address Senator Bowles, who served from 2005 to 2010 as a Democrat, there needs to be understanding to a 'tipping point' where the interest on the debt becomes a burden too difficult to handle. We may already be there, but, that is what is most important to me. If we are to grow our country back to vibrancy and equity to all Americans, we need to know the limits and how to adequately address them to avoid them and move away from their sharp edges. If there are sharp edges. No disastrous words, but, a simple understanding where the limits to RECOVERY occurs that actually leans into sovereignty.
Argentina, which probably is no accident to the passions of a former governor, is a good example of over reaching. And in all honesty when the assets of a government become coveted by creditors; the creditors need to know there is no hope in recapturing their debt in a real way, so why bother. I mean who is going to buy an aircraft carrier and have the right to use it? Won't happen, nor should it. If nothing else, the private sector is a dependent on government, so the entire mess is hideous.
You know all those warnings about how America's addiction to deficit spending is going to make us look like Greece?
Stop worrying. The bigger concern should be that America will look like Argentina.
That could happen, theoretically, if the threatened refusal by Republicans in the House to raise the federal debt limit leads to a default on U.S. government bonds. How bad would it be, you ask?...
...Experts in international finance say a U.S. bond default, even if "technical" and even if it lasts a day, puts us in uncharted territory....
