So OBAMA GOT A LITTLE TESTY at a press conference, when someone suggested that maybe he shouldn't blame the republicans. These people don't know what testy is. They should have hung around harry truman. harry got testy, in a hurry. harry was testiness, personified.
at first, obama wanted to raise income tax rates on the wealthy, and the republicans responded that this was robbery, and suggested instead that tax loopholes be closed. So, obama gave up the tax increase, and instead endorsed and proposed closing loopholes;
only by now, the republicnas, perhpas emboldened, has decided that closing loopholes was unacceptable. And they accuse obama of moving the goal post. what we have here is a failure to communicate, as the line goes.
We have to have an economic system that works, wouldn't we all agree, and in order to do that the currency must be, shall we say, "viable"? Worth something, in other words. And how can that happen when the very government which issues it and supports it treats the currency as if its worthless?
And there shall be a constitutional amendment prohibiting the spending by the government of money it does not have. Simple common sense, seemingly.
The "sequester" is tough medicine, but its the sort of medicine we need. We need lots of intelligent government budget cuts. Too bad the sequester cuts make no sense, but, at least its a start. If there are vast amount of money in circulation with no real material wealth to back it up, then problems arise, problems with the value of the currency. Inflation can kill an economy, and always does.
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