Fat Cats to the Rescue?

The New York Times published an article on February 6^th titled Democrats Seek to Stave Off $1 Trillion in Cuts. This article surrounds the debate between the Democrats and Republicans over the imminent $1 trillion cut which will greatly and adversely affect the nations’ security as well as the economy; not to mention the life of the average American. This article is definitely a must-read for all of us in the United States because it not only mentions the key pieces, but also highlights the hundreds of thousands of jobs that will be lost and what that will mean for us as Americans. The most terrifying part is that this issue could not have come at a worse time. Defense Secretary Leon E. Panetta said, “These steps would seriously damage the fragile American economy, and they would degrade our ability to respond to crisis precisely at a time of rising instability across the globe.” To me though, the most controversial part is that if the Republicans were to stop protecting big oil companies and special interests, aka the wealthiest 1%, we wouldn’t have to make such drastic changes. The article states that both parties are showing resolve but as for what the outcome will be, we are yet to see.