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Thursday, February 21, 2013

Most American will experience budget cuts via sequester

Ad Majorem.....Wealth Builders

Money News.com | by Barton Webster | February 20 2013

What is sequester?  We are familiar with this during Martial Law time in PHL.
Sequester will be budget cuts that focus on small area of govt spending like homeland security, etc.  Much part of the govt budget, that drives the debt and govt spending are exempt.

Speaker blames Pres. Obama and faulty leadership for this crisis.   The sequester has not been replaced.

The Boehner group rejected call for higher taxes without budget cuts. He claims Obama got the maximum revenue increase, plus more taxes for Obama care

What do you think is the best solution for the US debt crisis?

Is it raising taxes, or budget cuts, or both?

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