It looks like the Speaker of the House and our barely coherent President have cut a deal to avoid a default and once again raised the “G’s” debt limit.
The Republicans get a few benefits, including more work requirements for welfare and some spending cuts.
But the Dems yet again walk away with significantly more fiscal leeway.
Does it take the United States off the long-term road to fiscal ruin?
ABSOLUTELY NOT!
In these kinds of fights, the GOP would likely get the political blame if there was in fact a default.
And though much of the American public favors spending cuts in general, it’s difficult for politicians to overcome the attachment people have for specific government programs which they’ve become dependent upon.
It’s one thing when you say the government is spending too much.
It’s very much so another if the government is actually going to take money out of your pocket.
Long term of course, the debt payments on the interest are going to bankrupt the United States unless far more revenue is raised via taxes…
And new taxes have a way of reducing economic growth, which would make the overall problem even more serious than it already is!
It seems as though the United States of America has kicked the can down the road once again to be dealt with an inevitable default another day.
Our job is not to save the country from the government … although sometimes it feels like it should be, the “G” sure is broken!
Our duty is to ensure our own futures, regardless of the reckless stunts DC pulls. I’ve helped many others do just that, and I’d like to help you too ! ! !
Author: Anthony Speciale
Anthony Speciale Jr. Born and raised into a blue collar family in the suburbs of Northern New Jersey, I have in recent years put down the wrenches I’ve been turning for the better part of my entire life and have become a professional energy trader. My mother was a nurse practitioner and my father was an auto mechanic. I had literally watched both of my parents work endless hours with their hands throughout their entire lives and after loosing my mother at a young age to cancer, I had decided I wanted a different future than the path I was currently on. At a young age I was a struggling student who didn’t excel very well academically and college wasn’t really in the cards for me, but I was always a disciplined worker. When I had put my mind to something, there was nothing that was going to stop me from reaching and exceeding my goals I had set for myself. So, as life had evolved, so did my desire for freedom. It was never much about the money for me, but it was about the success and the freedom that accompanied that success. Over a decade ago, I decided to specialize in just one sector of the market. I knew that I only needed to be proficient at just one area of the market to achieve the goal I had set forth. Trade passively while producing massively. Well, that’s exactly what I did. After several years of failed attempts, endless education, trial and error - I had finally yielded myself the success and freedom I was desiring. After making myself over $1,000,000.00 trading this very method, it was time to share my success with those who also desire the freedom I did. After a lot of work, time, effort and sacrifice - Big Energy Profits went from merely a concept into a very real reality.