With such differing opinions on national spending, Democrats and Republicans are having a hard time coming together on the issue of the current national debt. In a recent New York Times article, the Treasury Department says that the government will soon reach a "debt ceiling that will make further borrowing impossible". Both Deocrats and Republicans have been working tirelessly to come together on this very important issue. Republican Speaker of the House John Boehner has been open to the possibility of "$1 trillion or more in new revenue that would be generated by addressing tax issues already raised in the talks, like killing breaks for the oil and gas industry, eliminating ethanol subsidies and ending preferential treatment for corporate jets". Democrats remain wary of the Republican agenda, and expect Republicans to target programs such as Medicare and Medicaid in order to reduce the budget.
This is a pressing current issue that affects all of us as Americans. Our Government programs affecting schools, taxes, and/or public health services face inevitable cuts in the near future in order to reduce our massive Government spending. I found it interesting that Democrats and Republicans, who rarely agree on anything, are coming together so urgently on this issue. Unfortunately, they still have a long way to go.
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