Tue07072020

Robins Global News & Noticias



COVID-19 Map Tracker | COVID-19 News Features


  • 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

RobinsPost News Network

+ Larger Font | - Smaller Font
Share

News Commentary

Commentary: Nation's Debt Ceiling Limit Increase

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 | News Commentary | RobinsPost News Network - Newscast

A Voice of Sanity and Truth

Mon, 29 Jun 2020 14:47:00 GMT

He posted a similar message on Facebook and has created a “resource guide” on his website for “racial justice allyship” to “understand our nation’s” black experience and combat ...

Judge blocks New York’s limitation on outdoor religious services [UPDATED]

Fri, 26 Jun 2020 13:49:00 GMT

At that point, “the limit on ‘mass gatherings’ was no longer necessary to ‘save lives.’” Judge Sharpe saw the same problem. He quoted this statement by Cuomo: Protest. Just be smart ...

Case 21-2020: A 66-Year-Old Homeless Man with Covid-19

Wed, 24 Jun 2020 14:00:00 GMT

The hierarchy of controls is a systematic approach to classifying ways to limit the spread of the virus ... with negative-pressure airflow. Floor-to-ceiling dividers were built to create 22 ...

Qualified Infrastructure Bonds are the new BABs

Mon, 22 Jun 2020 13:15:00 GMT

Small states also would get a higher annual PABs ceiling ... debt, also known as BQ debt and bank eligible, allows the bank to deduct the carrying cost of that debt as a business cost. The current ...

MBS RECAP: Bond Rally or a Token Bounce After Last Week's Rout?

Tue, 09 Jun 2020 13:59:00 GMT

Is it already time to talk about last week's highest yields being the ceiling for now? Much stronger overnight with Treasuries gaining in Asia despite no help from stocks and improving again in ...

Related News Story Videos From Youtube






Blow Us A Whistle

Comments (Whistles) Designed By Disqus




Company Information

Official Content Providers











PRIVACY POLICY

We recommend Firefox 3 (and above), Edge, and Chrome for dynamic performance.
© 2008-2020 RobinsPost (The Bird's Eye View Company) All rights are reserved.
RobinsPost provides links to news sites based on their RSS feeds.
All trademarks, copyrights, videos, photos and logos are owned by news sources.
News stories, videos and live streams are from trusted sources:
Bing News, Google News, Faroo News, NewsApi.org and YouTube Search Results.
ROBINSPOST Is Proudly Made In America.
Where Quality, Safety and Service Comes First.