Obama And Congress Fighting Over Budget Cuts

Head of the Republican party, John Boehner and President Barack Obama

U.S. President Barack Obama and his fellow Democrats in Congress have been sparing with the Republican party on the issue of spending cuts, set to take place on March 1, 2013 if an adequate deal is not reached. President Obama and his party are against the spending cuts.

While the Republican party are in favor of it, due to the state of the economy. The newest U.S. economic report reveals jobs losses once again. Americans are also spending less, as people simply do not have the cash to spare. Budget cuts demanded by the Republicans would be helpful. So would the tax increases sought by the Democrats. Things are very uneven in Congress with no workable compromise in sight. Congress can do better than this.

U.S. President Barack Obama's State Of The Union Address Is Back On His Message Of Hope

Vice President Joe Biden, President Barack Obama and House Speaker John Boehner

U.S. President Barack Obama's State of The Union address last night contained many claims and promises, but will he be able to make good on them in the current financial climate gripping America. Obama offered examples of what he deems his successes with the U.S. economy.

However, one cannot deny the fact, the financial climate in America is still very bad, as cost of living continues to surge and income and job availability decreases. This is a dangerous combo. At the heart of the matter is a badly damaged economy that spans two presidents. Both went about correcting the damage in different ways, but neither has solved the problem, leaving America in a quagmire.