Close but No Cigar

President Obama finally released his debt reduction plan this past Monday, 19 September 2011, and it seems like a step in the right direction.  Outlined in the $3Trillion Debt plan are cuts in the defense budget, minor government regulation increases, raising taxes for the "rich," and correcting the budget so that we do not spend more money than we take in.  Though I personally agree partially with the issues to varying degrees I think that the debt plan Obama proposed is surprisingly forward thinking.

Some would argue that raising taxes on the rich would hinder job growth, investing, and prevent the recovery off the economy.  The GOP believes that if you leave more money for the rich they will in turn invest and expand businesses and create jobs.  The Republican party supports the idea that the government needs to regulate less so that businesses can expand unhindered.  This is true that businesses would make more profit if they did not have to worry about government safety, environmental, and employment regulations. Many right and left wing Congressmen support the idea of cutting Active Duty and Veteran Benefits as a way to save money along with ending both wars in the Middle East.   Ending both wars would save the United States billions if not trillions of dollars and is a solid idea.

Honestly, though I do not support a tiered tax system, this debt plan is a step in the right direction.  Keeping taxes low for the wealthy does not guarantee or prevent those with means to invest.  For example, if they lowered the prices for all food by 1000% it does not mean I am going to spend the same amount of money and buy more food.  A consumer or entrepreneur will only spend money on what they need and think will give them opportunities.  So the entire idea that having low taxes on the rich is a moot point.  As far as ending both wars I completely agree and would even take it one step further and remove all US Troops from all foreign soil.  We would save one hundred times the amount of money Obama proposed and keep the US out of foreign affairs entirely.  Cutting veterans and active duty benefits is without a doubt the most offensive thing I have personally ever heard in my entire life.  As a veteran myself, it is absolutely obscene to consider taking away what little support we actually have after getting out or while being active duty.  Keeping a budget in the black should be common sense to every American and we should have never deviated from that line of thinking in the first place.

In conclusion, Obama is at least trying to move in the right direction. With some serious and bill killing flaws, but he is trying.  Hopefully the government will be bipartisan and debate using logic to address these issues.  But I think I'll be drinking a cold beer in hell before that happens.

This Marine's Benefits will be cut under the proposed debt plan

Details of President Obama's Debt Plan http://www.npr.org/2011/09/19/140595643/details-of-obamas-debt-plan

GOP's response to President Obama's $3Trillion debt proposal http://www.cnn.com/2011/09/19/politics/obama-debt/index.html

The debt plan outlines cuts to defense and military benefits http://www.huliq.com/10282/leon-panetta-warns-doomsday-clock-set-if-gop-cuts-more-defense