Both Republican and Democratic parties are still at a stand still on arriving at a tax budget plan. Talks still remains afloat because of the ambitious plans Obama and Boehner has for the economy but aiming to cut the debt by $4 trillion in the next few years.
The Democratic-controlled Senate on Friday planned to dispense with a House-passed measure that would raise the debt limit by $2.4 trillion on the condition that Congress sends a constitutional balanced budget amendment to the states for ratification and approves trillions in long-term spending cuts. But Senate Majority Leader Harry Reid said "The legislation doesn't have one chance in a million of passing the senate.
One short-term plan proposed by some of the House Republicans would cut spending by $1 trillion or more immediately and allow the debt ceiling to be raised by a similar amount that will allow the government to borrow into 2012 but Obama insists on an increase that is larger that will allow for borrowing into 2013.
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The future of the nations economy is something that everyone should express their opinions about. Let your voice be heard, what kind of plans would you propose that will bolster the nations current economy? Do you think the government is doing a good job in handling the current situation? Express your concerns on what the government should be focusing on.
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