Bumping Heads

As we all know President Obama has been facing challenges left and right and his approval ratings have been in the toilet. Some people feel as though that is why he will not receive a second term. When Bill Clinton was in office his ratings were not so good but he served at least two terms until his impeachment. When George Bush Jr. was in office he had terrible approval ratings but still served two terms. Anyway I care about politics, national news, and international news just as much as I care about entertainment news.

What is President Obama up to now? Well according to CNN Money's website President Obama has unveiled a plan to cut the national debt by roughly $3 trillion over the next decade.
Obama's plan reflects his vision for how best to put the country on a more fiscally sustainable course, so it is different in nature than the kind of legislative compromise he was trying to broker this summer during the debt-ceiling debate, a senior administration official said.

What is the gist of the plan?
Obama will even introduce the "Buffett Rule" for millionaires -- named after investor Warren Buffett, who has frequently argued that the very rich are not taxed enough.
The president's debt reduction proposal is likely to placate -- at least a little -- those in his Democratic base who have been adamant that they want the rich to pay more and they don't want Medicare or Social Security benefits hit.

The White House said last week the president's plan will not include any Social Security reform proposals. And another senior administration official noted Sunday that the plan will not call for raising the Medicare eligibility age, which fiscal experts have recommended.
But the Obama plan is unlikely to draw much support from Republicans, who have been adamant about not wanting to raise any one's taxes.

Who knows if President Obama will have another terms as our nation's Commander and Chief. Although I will say people are foolish if they honestly believe he could clean up this mess in just 4 years. The problem with people today they want instant gratification they want all the privileges and rewards without going through work and overcoming obstacles.


This article can be found on CNN Money written by Jeanne Sahadi the article is titled America's Debt Challenge.