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Is Obama risking reelection due to the U.S. budget?

Updated on September 22, 2011

Dancing with thy Congress

The government will possibly shut down on October 1 due to the House rejection of the stop-gap funding bill. The short-term budget bill defeat, proposed by Speaker John Boehner (R-Ohio) and described by opponents as a “fantasy” is considered a huge failure by Republican leaders, since not only did not meet the 218 votes needed to pass, but had 48 Republicans siding with Democrats to oppose the measure.
Chairman of the House of Representatives Committee on the Budget (CBO), Paul Ryan, stated that “there are parts of the budget process that are irredeemably broken, but other parts still work well, even if they could use improvement.” Ryan insists he is still waiting for “the President’s budget proposal.”
Although president Obama said “there was no reason why we should not get an agreement”, Boehner denied agreeing to cuts of $33 billion in spending for the rest of the year.
CBO reiterates that “instead of renewed prosperity, the President has offered us a plan for shared scarcity. The nation deserves better.”
Back in April, Obama described as “inexcusable” that the Government closed down due to “politics and ideology”. Ironically, Obama’s failure to launch achieving consensus in regards to the U.S. Budget has been influencing public’s opinion in regards to his reelection. In fact, a survey last August among Los Angeles Hispanic voters, showed that out 68 percent that voted for him, only 39 percent will still back him up for reelection. Who once took off as the “New Hope” is now described as “weak” and “immature”. Obama doesn’t fret.
He now moves forward with the “Jimmy Buffet Rule” which states that people making more than $1 million a year should not pay a smaller share of their income in taxes than middle-class families pay. Some economists interpret this as a special new tax for the rich. The White House denies it.
Currently, there are barely 22,000 households making more than one million annually. They pay less than 15 percent in income taxes, according to the IRS 2009 Statistics of Income file by the Treasury Department’s Office of Tax Analysis.
According to the White House, the Buffett Rule should focus on limiting the degree to which the most well-off can take advantage of tax expenditures and preferences.

No money here, but 100 million dollars for an AFGHANISTAN museum?

What to make of it?

One could say Obama started out with noble intentions and got sucked into the system.

I mean, who's your daddy? 98 percent of the population that you don't see, or the 2% that paddles the rich boat with you? In the end, resolutions, legislation and out of the blue photo finish solutions are signed without the country even knowing.

On the other hand, government shutdown would mean maybe you and I not getting paid, but certainly not them. United States is being forced to cut its defense expenditures, for example, whereas China announced is revitalizing this very area in their own budget, by 12.7%. Is so not funny is scary really. How did we end up befriending who we refer to as the enemy?

The enemy within

Mr. President not only has to deal with the fact that he has to negotiate and basically ask for China's mercy, he is yet far to gain consensus with his fellow Americans, like Paul Ryan and his Path to Prosperity budget proposal.

According to The Economist, as analyzed by the Congressional Budget Office, Ryan's proposed "benefits would accrue overwhelmingly to the most affluent 20% of American families, mostly because Mr Ryan exempted capital gains and dividends from taxation." So, guess we are going to be in square one for a while.

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    • CrazyGata profile imageAUTHOR

      CrazyGata 

      7 years ago from Puerto Rico

      thanks for your comments Kathleen and SlyMJ, and well... I don[t know why did I have hopes this time around... it all looks so gloomy though... Despair for the 98%

    • SlyMJ profile image

      SlyMJ 

      7 years ago

      Took the words out of my mouth, Kathleen. It is frightening to watch, even from across the Atlantic.

    • Kathleen Cochran profile image

      Kathleen Cochran 

      7 years ago from Atlanta, Georgia

      Any more, the result of any presidential election is that the losing party sets about to undo the will of the people who elected their opponent and make it impossible for him (or one day her) and his party to accomplish anything. We wonder why government can't get anything done? This is why. Washington's purpose is no longer to govern. It is to win - no matter what happens to the country in the process.

    • CrazyGata profile imageAUTHOR

      CrazyGata 

      7 years ago from Puerto Rico

      I sure hope the Government shows better sense than the Mayans a bit before doomsday...

    • junko profile image

      junko 

      7 years ago

      In an attempt to assure the failure of the President, the Republican-Tea Party has assured the fall of America. I wondered about the prediction of December 2012 end to The Mayan calendar. Maybe they could foresee the change in the system of things.

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