The Obama Fiscal Challenges

During his first term as president of President Obama he established a bipartisan state fiscal responsibility and reform committee to tackle the financial challenges of various countries. The role of the committee is to identify policies that improve financial conditions and maintain financial conditions in a short period of time. The committee is aimed at balancing budget issues including changes in growth in rights expenditure and differences in revenues and expenditures of the US government.

In 2011, President Obama signed Presidential Decree 13531, established the National Financial Responsibility Reform Committee ("Simpson-Bouls Commission"), "Policy to Improve Medium-Term Financial Position and Achieve It Long Term" Has been decided. Financial sustainability. "The final report of the committee adopted the same approach as the 1986 reform. The preferential tax rate for long-term capital gains was excluded in exchange for the lower general income highest tax rate. The tax reform plan proposed by the National Fiscal Responsibility Reform Committee has never been proposed. Although Republicans are supporting the proposed change in fiscal policy, Mr. Obama could not get the support of democratic colleagues, and in the 2012 election, Presidential candidate Mitt Romney said Mr. Obama at the committee "Bus I criticized him.

The Democratic People's Republic saved this country perfectly. The two Democratic presidents (Clinton and Obama) are the only two presidents to reduce their deficit for over 40 years. Is the Republican Party's economic responsibility? Nonsense financial responsibility is an erroneous corporate brand that voters are still purchasing. The Democratic Party offered to us the middle class, social security, health insurance, Medicaid, Obama care, voter rights (for women and African Americans), workers' rights, welfare of veterans and GI bills, consumer protection, the environment And Wall Street regulations, reproductive rights, homosexual marriage, transgender rights, peace team, PBS, NPR! Republicans hope they do not have it

During President Obama's term, Republican leaders such as Mickey McConnell and Paul Ryan criticized the president's so-called financial reckless actions endlessly. There is virtually no attack as shown in the graph below. During President Obama 's term of office, the budget deficit has returned from the past 10% of the historically large GDP caused by the economic recession to the past average (the deficit to GDP since 1967). 2.8%) In fact, these people are worried about the impact of severe fiscal policy on weak recovery, and claim that the deficit in recent years will be even smaller.