Leaders of President Obama's deficit commission suggested cuts to federal Social Security pension benefits, deep reductions in federal spending and higher taxes for millions of Americans to stem a flood of red ink that they said threatens the country's very future. President Obama has pushed the Speaker of the House Nancey Pelosi and other Democrats to vote for this bill. This plan also calls for a gradual 15 cent tax increase on federal gasoline tax, limiting or eliminating popular tax breaks in return for lower rates, and benefits cuts and an increased retirement age for Social Security.
Do we all want to wait to retire? Do we want to pay even more for gasoline? And that other stuff too?
I would have to answer HELL NO to all of those questions. Unless your insane you wouldn't want to either. Is this the last ditch effort for President Obama to save his presidency? I think so.... We can all admit that our national deficit is a growing problem and needs to be taken care of but you can't solve a problem that has been growing over many years in one night. These quick fixes have the power to HURT our economy more then they do to HELP.
http://www.youtube.com/watch?v=yPEihl_pdVs