Flying The Web For News.
  • Career Exam Study
    Career Exam Study
  • E-commerce Guide
    E-commerce Guide
  • Dropshipping Guide
    Dropshipping Guide
  • Microsoft Exam
    Microsoft Exam
  • IT Career News
    IT Career News
+ Larger Font | - Smaller Font

News Commentary

Some of our past commentary articles.

Commentary: Nation's Debt Ceiling Limit Increase

The Nation's Leader Obama, will present a news conference Friday July 15th, to deal with the status of discussions to improve the country's debt ceiling.

It will be the president's second news conference on the subject which has consumed official Washington and be among the greatest preoccupations of Obama's presidency. The debt ceiling is assigned at $14.3 trillion and also the administration states that if it's not elevated by August. 2 the federal government would default on its obligations.

Not only will the US default on its obligations, it will also have a large impact on the financial decisions we make. It will be hard to get a loan, buy a house with increased interest rates. It will also increase the amount we all pay for products and services.

The President is asking for a small increase on taxes for the people making more than $200,000 a year. The GOP rejects this option, citing it will "kill jobs". What jobs? If we don't have enough jobs now, we are not going to have jobs with an increase in taxes. What is happening right now is not helping. We need to take different steps and make a new plan. Tax increases are inevitable. Everything is going to cost more in the future. As populations increase all over the world, demand for food and energy will skyrocket. It is just the way the world is becoming. If we make small tax increases now, it will save us all money in the long run.

The more money a person or business makes, they should pay more in tax percentages than those making much less or some making nothing at all with unemployment rates so high for so long. Tax brackets are the most fair way in getting much needed revenue into the system. The GOP, is watching out for the rich, stalling on the deal, and embarrassing the country. The whole world is watching and waiting to see how all this unfolds. By not raising taxes at this time is going to have very bad effects, later on. Bill Gates and Warren Buffet have no problems in paying more taxes. They are the most generous in charities. Why? "What goes around, comes around." They are well off, because the give a lot back to the world. It is that simple.

This tax increase is so small. There are companies making huge profits due to the recent layoffs. Google just announced 9 billion dollar profit in the second quarter. Now that says a lot.

We are America. We need to do what is right. We need to do this debt ceiling deal today.

Related News Stories From The Web And More

Related Bing News Search Results

Commentary: Nation's Debt Ceiling Limit Increase - Newscast

Trillion-dollar coin: Fed Chair Jerome Powell calls it an unrealistic way to battle the debt ceiling

Sat, 25 Mar 2023 04:43:00 GMT Debt battle:What happens if the US hits the debt ceiling? Here's what to expect if we reach debt limit. Under the theory ... and undermine faith in the nation's financial system; it may also ...

Government Shutdown 2023: Will Social Security Payments Stop Now That the Debt Ceiling Has Been Reached?

Fri, 24 Mar 2023 08:16:00 GMT The last time the U.S. reached the debt ceiling was in 2011 and it took months for the economy to recover, per NPR. The Treasury found that waiting to raise the limit took a toll on the economy ...

Growing The Debt

Mon, 20 Mar 2023 12:43:00 GMT The CBO projects that the cost of servicing the national ... debt as the federal government faces a looming deadline to raise the debt limit. With the U.S. on track to hit the debt ceiling limit ...

Americans Believe Excessive Government Spending Weakens National Security Amid China Threat

Mon, 13 Mar 2023 14:28:00 GMT Washington’s insistence on spending far more money than it takes in means federal spending will soon hit the debt ceiling—the statutory limit on how much money the U.S. government can borrow.

Debt limit action needed by mid-August, analysts warn

Wed, 08 Mar 2023 11:26:00 GMT Congress would then go on in October to raise the debt ceiling enough to “push the next debt limit battle into early ... this chicanery as putting the nation’s fiscal discipline at risk.” ...

Blow Us A Whistle