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Originally Posted by Hugh
He can't over-ride previously agreed legislation.
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sadly nope but hope those who refusing close loopholes are named and shamed better investigated.
There seems alot dodgy going on with this repuplican move.
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"It's happening because Republicans in Congress chose this outcome over closing a single, wasteful tax loophole that helps reduce the deficit. Only last week they decided that protecting special interest tax breaks for the well-off and well-connected is more important than protecting our military and middle-class families from these cuts," Obama said.
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http://www.guardian.co.uk/world/2013...quester-crisis
According obama this will destroy 750,000 jobs all because these idiots.
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"The pain will be real. Many middle-class families will have their lives disrupted in a significant way," Obama said in his weekly address. He added that up to 750,000 jobs could be lost and half a percentage point knocked off America's economic growth this year. "This will cause a ripple effect across the economy. Businesses will suffer because customers will have less money to spend ... These cuts are not smart. They will hurt our economy and cost us jobs," he said.
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If the people got any sence they should demand removal many senators. Demonstrations and if Obama got sence he will call investigation. Any those who got tax havens resignation or jailed.
Its quite simply wrecking ball for the economy this ripple I am sure will be felt here.
Madness pure evil madness.