The National Deficit raises to $1.5 trilion. How did this happen?

The Congressional Budget Office says that the national deficit will reach $1.5 trillion this year. Many people are already making accusations for who is to blame. Soon after Obama gave his State of the Union address, which was positively accepted, the Congressional Budget Office (CBO) cut short his moment of glory with information about the national deficit. The government says that we will soon reach $1.48 trillion, and US citizens are not only immensely worried about the future of our country but have much to say about who is to blame. The CBO says that it's the tax cuts made by Obama. Stepanie Stromberg at The Washington Post feels the GOP is to blame for the rise in deficits, and said that it's time to"be honest about the costs of that spending." Ed Morissey at Hot Air feels he tax- cut extension is not the problem but our out of control spending is. The federal budget has "increased 38percent on an annual basis over the last four years." due to increases in the defense budget and "unsustainable entitlement structures." Jon Healey at the Los Angeles Times thinks the deficit is due to burgeoning entitlement, particularly Medicare, while Megan McArdle at The Atlantic says the real issue is that, " short of a near- death experience, no one is going to do anything about this problem." Our national deficit is a real issue that needs a real solution now. People need to be willing to sacrifice a little in order to bail out our country from this large amount of debt. The only issue known for certain is that a plan needs to be made.
http://theweek.com/article/index/211483/the-15-trillion-deficit-whose-fault-is-it

States Don't Need a Bailout, Simply Lower Budget Deficits.

Republican Eric Cantor stated the the states do not need a bailout but need to lower our budget deficits instead. Obama is still overspending and contributing to our increasingly large amount of debt. Today, Obama is giving his State of the Union Adress where he is to address the economy. Obama fully supports lowering the deficit but will be asking people in his speech for more investment, which to Cantor is a better way of saying spend more. Cantor rejected any changes in the law that would allow state goverments struggling with their budget to restructure their debt, including declaring bankruptcy. He says we can handle this by lowering our budget deficits. There has been a new proposal on spending our budget on issues including infrastructure, education, and research. These are important issues but can be put on hold for a small period of time until we get a stonger hold on our federal debt. I feel like Obama has not come out and clearly addressed a good resolution for the US's federal debt and then acted upon it. He seems to tip toe around the topic and introducing ideas that clearly are not helping. We need him to take action, make cuts in budgets that we can, and put as much money towards lowering our national federal debt as possible. Not everyone can be pleased with the plan that Obama makes towards lowering the deficit but he needs to me careful with what he spends our tax dollars on and make sure than it is towards pulling our country out of this rut. I feel like tax cuts are not the solution, but rather keep taxes where they are so government can have a decent budget to work with in order to rise above the deficit. Then the US can continue to focus on issues that are also important to our country including competition, transportation, and education, helping our country excel above others.
http://thehill.com/homenews/house/139739-cantor-warns-no-bailout-of-the-states

Sarah Palin's Increasing Unfavorable Rating

Sarah Palin was introduced to the public over night. One day no one knew who Palin was, and the next day she was running for Vice President alongside John McCain. Many people found McCain's ideas too similar to President Bush's and American's wanted a fresh face with fresh ideas. Americans wanted to bounce back from years of depression and job loss. Palin was a breath of fresh air for republicans. She was new and interesting to them and her popularity grew even after McCain lost the election. However, now her inexperience has more than shown in many of her speeches, like her response about her ties to the Tuscon event and her calling the accusations a "blood libel". She seems more interested in being popular than a successful politician because now she even has a reality tv show. Gloria Borger states, "In GOP circles, she's beginning to be seen as toxic in any presidential race". Even those who once supported her open up about the "public exhaustion" with Palin, and her unfavorable rating with women has gone up 10 points, which totals to 14 points in the past few months. A rating like this will be hard to recover from and win a presidential election.
http://politicalticker.blogs.cnn.com/2011/01/20/why-america-is-growing-tired-of-palin/?iref=allsearch