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