Way to go!! Deficit Reduction in USA
Do you know the deficit of USA. It is ~$ 5 Trillion.
Just so, one understand what that figure means, India's budget is around $1.3 Trillion and USA's defence budget is almost as big our own GDP.
There is a desperate need for USA to cut down its deficit. Diplomats have been trying vehemently to implement policies that will ensure reduction in this. But, as usual the Republicans oppose any of these policies...Guess, what they are seriously contemplating putting Sarah palin in the forefront for Presidency in 2012 elections.
Getting back to the topic; Republicans are proving now and again that they represent the Rich and the media which is strong supportive of Republicans is strongly supporting their ideas. The tax benefits to the rich which are expected to expire this month are most likely to be continued, owing to the pressure of Republicans.
So, what are the measures taken by Obama to cut the deficit??
Freeze the salaries of Federal employees..lol !! This freeze will save ~ $ 5 billion. Imagine that's the only measure suggested by Obama to save USA from its burgeoning deficit.
Seems like the Pareto Rule of 80:20 is not applicable here :).
Time is running out for USA to pull its socks up.
Stop worrying about Afghanistan, Iraq, North Korea. The axis of Evil is not lying outside USA, it is within USA.
Its time to introspect, as is the case for everyone.
PS: I just wonder that our cities of New Delhi/Mumbai also think like USA. They think that they have the supremacy over other cities, but can't see the cities like Coimbatore and Surat eating into their pie. Way to go!!
Just so, one understand what that figure means, India's budget is around $1.3 Trillion and USA's defence budget is almost as big our own GDP.
There is a desperate need for USA to cut down its deficit. Diplomats have been trying vehemently to implement policies that will ensure reduction in this. But, as usual the Republicans oppose any of these policies...Guess, what they are seriously contemplating putting Sarah palin in the forefront for Presidency in 2012 elections.
Getting back to the topic; Republicans are proving now and again that they represent the Rich and the media which is strong supportive of Republicans is strongly supporting their ideas. The tax benefits to the rich which are expected to expire this month are most likely to be continued, owing to the pressure of Republicans.
So, what are the measures taken by Obama to cut the deficit??
Freeze the salaries of Federal employees..lol !! This freeze will save ~ $ 5 billion. Imagine that's the only measure suggested by Obama to save USA from its burgeoning deficit.
Seems like the Pareto Rule of 80:20 is not applicable here :).
Time is running out for USA to pull its socks up.
Stop worrying about Afghanistan, Iraq, North Korea. The axis of Evil is not lying outside USA, it is within USA.
Its time to introspect, as is the case for everyone.
PS: I just wonder that our cities of New Delhi/Mumbai also think like USA. They think that they have the supremacy over other cities, but can't see the cities like Coimbatore and Surat eating into their pie. Way to go!!
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