Thursday, April 14, 2011

Congress FINALLY Passes Budget Deal to Fund Government!

A budget deal was reached today, April 14th, 2011, which was a slightly revised version of the one that cleared last Thursday to avoid government shutdown. The budget plans to cut $38.5 billion and will fund the government until October (the end of the fiscal year). Although the bill passed 260-167, Fifty-nine Republicans voted against this bill. A lot of the disagreement and surfacing problems seem to come from what types of funds should be cut and whether laws on social issue would be attached to the bill.
As the bill has been sent to President Obama to sign it ends a three-month long turmoil that has been going on in Congress. Now that the government is funded Congress will begin discussing next year's budget and whether or not to raise the debt limit. President Obama has several ideas to stabilize the basic framework of Medicare but reduce costs, as well as increase those taxes for higher income earners as I mentioned.
In my opinion, the Republicans and Democrats have become so far apart from each other that it will seem impossible to reach an agreement in the future. Apparently the proposed Republican bill contained $62 billion cuts in current spending levels which was mostly from non-defense domestic spending. However, Democrats were so extremely liberal about reducing or cutting costs out of certain programs that the problem surfaced so long that 800,000 people nearly lost there jobs! I believe in order to restore peoples faith in the "elephant and jackass" their gonna need to see a bipartisanship that can argue there points but not to the point of economic destruction and job loss for the American people!

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