Econmics-Entry 2

Two days to cut: What's Congress doing?

CNN News, February 27, 2013
http://edition.cnn.com/2013/02/27/politics/congress-cuts-countdown/index.html?hpt=ibu_c2

Summary

Significant budget cuts will be passes within two days; however, several conflicts should be done before this serious cuts to be placed on the U.S. society. Without making a determined choice, Republican Party is having conflict over approving/disapproving budget cut that may significantly impact not only in economy but also in the society as whole. Though Democrats argue that the government would compensate loss of budget cut by collecting more taxes from rich people, but it is still an insufficient measure to alleviate ripple effect of budget cut. In addition, some are worrying that the government would release some criminals in part of budget cuts and arguing that Obama's Administration is threatening safety of American people.

My Opinion

Even though budget cut will bring about significant impact on economy and ripple effects on American society, it is unavoidable for government to reduce its budget in order to reduce national debt that is rapidly increasing. Obama failed to effectively deal with economic problem in his last term, and it is responsible of him to bring about such a catastrophic result in American economy. I hope the U.S. to reduce national debts even if it is small amount. I hope the sacrifice of American people will bring about a worthless result.