(CNN) – President Barack Obama blamed the "fiscal cliff" standoff in Congress for the contraction in the U.S. economy at the end of 2012 and weighed in on the safety of football in a pre-Super Bowl interview Sunday.
During the seven-minute live session with CBS host Scott Pelley, Obama said new concerns about the long-term effect on players "means the game is probably going to evolve."
Once again Americans face the ultimate distraction....
Obama and his administration has changed the focus and his mandate away from the economy and Jobs.
The very foundation and the future of our children and nation.... To GUNS.. How Bizarre, lets get real! Get back on track President Obama
Obama watch the supper bowl an dont worry about the white house leaders, an nothing else.
It is time for our politicians to pass a budget.
Any budget that has spending cuts and at least an entitlements cost savings review to a 4- 6month deadline I.e before finalisation of 2013/2014 budget and one that in my opinion:-
a) Reduces corporate taxes in three stages from 35% to 28% by eliminating loopholes and tax breaks first to 32% in in 2014/15( help small and large business) then 30% in 2014/2015 and 28% in 2015/2016 This per bush II research pays for itself.. but the idea would be to invest the increased revenue in infrastructure and education and energy efficiency for the electricity distribution system, and may be some cost (not the whole assistance) to convert coal fired power stations to shale gas use.
b) Follow up on the Romney idea of capping " income tax deductions" while leaving things like child allowance intact but only up to the first three kids on incomes up to $450k and no allowance for 4th and plus children. Mortgage relief on one home only and capped at S1m mortgage for everyone. Multiple home owners must specify a primary residence and = 2nd to however many pay state property taxes at the house priority number selected by taxpayers so Romney pays 2, 3, 4 , 5 Times state property taxes in the order he chooses to rank them. These goes to debt reduction, ( except property taxes revenue increase which goes to education and these allowance are deductible from earned income only not capital gains or dividend and interest income.
c) Accept the House $250bn over 10 years defense reduction as a clean item in the budget and dems have to match that up front with $250 bn in spending or entitlement cuts.
It is not perfect but eliminates the sequester, has job creating ideas in there: (which reduce unemployment and the cost of unemployment benefits and also food stamps) and thru the corporate tax changes helps small business and large = employment creating. The income tax increases can be up for review grabs in 2016/2017 budget.
It has thru the stimulus areas proposed also job creation in mind... without the adverse effects of too aggresive government spending ( = austerity that does not work employment wise) and cut backs.
it also creates certainty for the business environment and some impact on slowing debt growth especially thru GDP growth which is key to any long term real debt reduction = budget deficit first. Talking from the back end first = debt is putting the cart before the horse.
I can see democrats and Republicans screaming at various parts of this.... the question is:-
does it balance the needs of our economy and is it fair between the whole populace and business.??.. Looks like it to me so vote it in if Obama gets anywhere near to this budget outline for 2013/ 2014 budget it'll be clear whether its working or not. If not republicans win big time in 2014 immigration reform/ gun control or not.
Well, somethings will never change. Like Obama always blaming others for everything. He never takes responsibility for anything. A truly pathetic example of a "leader". Of course it couldn't be his tax increases (past and those the Democrats are promising in the future), Obamacare (and its 21 new taxes) and the endless spending and borrowing and an ever shrinking work force as the economy experiences the worse recovery EVER.
But stupid stupid Americans wanted another four years of this clueless idiot so I hope you all enjoy the disaster he has brought. Four years later he has fixed nothing and brought the country to the brink of another recession as we watch the unemployment rate start to climb again. Then again, it never really declined. That was just more election year manipulation to get you suckers to vote for him again.
Make sure to focus on infrastructure at home which was a total-ignore for fifty years. Tighten immigration. God bless. Do not repent later.