Two Major Problems Looming in Washington

Time in running out for our federal government to get our financial house in order

Our Federal Government will be running out of money in a few weeks unless the debt ceiling gets raised. We all know that is going to happen, but what are we going to do about getting our financial house in order? What are we going to do to reduce spending and lower our deficit?

The administration got their wish and increased taxes on those making over $400,000 or couples making over $450,000. That is a drop in the bucket as to what is needed to just pay for what we presently owe and now we need to deal with increasing the debt ceiling which allows the FED to borrow more money and add to the already out of control deficit.

The second issue is the “sequester.” Almost everyone is not happy about the sequester. If we don’t deal with it, it will cripple our military capability and put a tremendous amount of people out of a job.

So, what do we need to deal with to get our National budget into balance? Social security, Medicare, Medicaid, Obamacare, our military budget, all need to be put on the table for discussion. If not can you say credit down grade and default on our existing debts? 

Fiscal Cliff: Two Monster Problems Loom Ahead.

BY: Abram Brown

"A large portion of what politicians needed to face in fiscal cliff talks has been left for another day. While the newly struck compromise does prevent some damage to the economy, pols still need to fix a number of problems. “This is the best we could do,” says Rep. Nan Hayworth (R-New York). “This is at least a partial victory for the American people.”

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Mike M January 25, 2013 at 04:41 PM
Re the budget - forget about it. Certain people have been harping on it for years, and the voting public doesn't care. In fact, they will probably vote out those who actually try to cut spending. O won't propose any real cuts, nor with the Senate. It's a joke, and it's hopeless. Same story for CT. The problem will not be solved until it blows up.
Windsor School Graduate January 26, 2013 at 06:37 PM
Did anyone watch the show on Fox? Boomtown (Washington DC) Million dollar homes, people paying cash for Lamborgini's, the best wines, etc. That's why nothing is getting done in Washington. Everyone there is living high while the rest of us suffer. It should be on again this weekend - very interesting. And all of you thought it was Wall Street? Obama keeps enlarging the Fed'l Government and we keep paying their bills and making them richer.
melinda tillie January 26, 2013 at 08:41 PM
Does anyone rewally still watch Fox..and beleive what they say??They are not fair in their reporting at all and before you start to type I am a Democrat and proud of it.
Ed Froem January 26, 2013 at 09:03 PM
So Melinda, they don't have million dollar homes in DC, expensive wines, fancy cars, all while working on the public dole? Fox made all that up? Wow, thanks for setting us straight, I'll just watch NBC, CBS and ABC for a fair and balanced report from now on.
Windsor School Graduate January 26, 2013 at 10:12 PM
Melinda: Perhaps you should start watching and then make your comments? You can watch it on the internet also. I bet you just love, love, love MSNBC? That's where you see the real picture???????? Watch the video and tell me how proud you are helping all of the people in D.C. spend your money!
meowkats4 January 26, 2013 at 10:38 PM
Washington D.C. is a very different in the Day time then at Night time!!! I was shocked many years ago when I went and stayed for a week!! If your a government employee, you get to take the underground rail system along with Senators etc. If your not a government employee your the odd one!! My recommendation to those that don't believe it. Take a trip to D.C. then find out for your selves. I know you will come back and say, "You know why our Politicians behave they way they do" It's another world for them and it's much grander then the rest of ours.
Robert Kalechman January 27, 2013 at 06:22 PM
Every three months or so Chicken Little tells us the sky is falling and the american people go for it the most powerful and richest country in the world broke just another way for the United State Senate to add another million aire to the list of the rich and famous Senator John Kerry went to the United State Senator broke he had no other job except the Senate now he is worth $180 million dollars pays little or no taxes and his elk want to cut your Med care along with Obama he is also a million aire time to wake up America and this man wants to be America poster to the world as head of the State Department which is run by the English who staff this agency to aman
Daniella Ruiz January 28, 2013 at 12:14 AM
LOL, its just amazing how some animals make their money!
POODETWA January 28, 2013 at 01:17 AM
love fox news--- especially sean, bill, greta and the five team
James Bond January 28, 2013 at 01:19 AM
Ditto for all of them,not just Kerry/demacrats


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