I don't like to get into politics, but here's one good thing that President Obama did. I wasn't really holding out much hope, but they looked at everything. There are some sacred cows that are being looked at with home interest deductions, military budget deductions, $0.15 increase in gas taxes, and a three tier tax rate; when you're on the verge of bankruptcy, your advisor will tell you, you need to stop spending, and reduce your debt. So, yes they did a decent job; there are some more items that need to be looked at, so let's keep looking, and I think we'll find more cuts.
The facts are we need to stop. Here's a great commercial that's being run that kind of says it all when you look at politicians that are trying to get reelected. Here's what they're really saying. It would be really funny if it wasn't happening before our eyes.
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