Fri09252020

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

Arts & Entertainment

Sun, 20 Sep 2020 17:01:00 GMT

Raised in Hampton Roads, Ava Max releases her debut album, “Heaven and Hell,” today. She got her start at downtown Norfolk's The NorVa. Jerry Harris, star of the Netflix docuseries “Cheer ...

The case against canceling your credit cards right now

Mon, 14 Sep 2020 17:15:00 GMT

With the coronavirus pandemic still wreaking havoc on the nation ... limit for a total of $10,000 in credit, and the person has charged $2,500 on each card for a total of $5,000 in debt, so ...

Is Critical Race Training Illegal?

Sat, 05 Sep 2020 17:00:00 GMT

As a refresher, Title VII states: It shall be an unlawful employment practice for an employer . . . to limit, segregate ... religion, sex, or national origin. There’s no exception in Title ...

Congress faces Sept. 30 deadline to decide on state and local aid

Fri, 04 Sep 2020 09:23:00 GMT

The House bill includes additional infrastructure measures such as $30 billion in new bond authority for schools, a new program of direct-pay bonds and an increased limit on bank-qualified bonds ...

Thoughts from the ammo line

Fri, 04 Sep 2020 02:58:00 GMT

then you must decide whether to “Take It To the Limit” or just “Take It Easy.” No, it isn’t. It really isn’t. This was a giant fraud perpetrated by our corporate overlords. At some ...

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.