Monday, April 8, 2013

32. "Obama's Dangerous Budget Game"

http://www.slate.com/blogs/moneybox/2013/04/05/obama_s_dangerous_budget_game.html

On April 5, Matthew Yglesias wrote an article on Obama's budget plan, which does not look so safe. As Yglesias said, the budget is going to be based on the $1.8 trillion grand bargain offer that Obama made to John Boehner during the fiscal cliff talks instead of the Senate Democrats' "Foundation for Growth" budget. Therefore Obama will have to make cuts to financial and social security. This idea has been rejected by the GOP in its details and as a general concept also. It is very clear that the reason we do not have a grand bargain on the budget is that the Republicans don't want one. This can lead to some risks between the Republicans and Democrats. The Republicans can say that they disagree with taxes but why don't we do entitlement reforms that the president also agrees on. This can lead the Republicans to run ads on Democrats and how they are leading to country to bankruptcy.

This article was very short and a bit difficult to understand in my point of view. To me, this is a big deal and needs to be explained to the reader in a more detailed manner. Yglesias lacked in providing a solid point of view to the reader and allowing them to know exactly what is going on with $1.8 trillion. However, Yglesias was able to develop fear in the readers eyes while reading this. Especially when saying that if this is addressed soon it may leave the United States of America to bankruptcy, something no one wants to see this nation go through.

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