The Reflection of US Leader Difficult Budget Vote

American president Obama will cut US$38 billion in
the fiscal year that ends September 30. He cut high
rat spending in welfare services, so lots of government
official opposed the deal. Personally, Obama must
have no choice to make such decision. Democratic
lawmaker accused Obman really stand his ground, but
I don’t think so, although the policy will hurt small
businesses and hinder economic growth. It’s nothing
for it. Obama makes long term debt reduction as the
priority policy. It’s not easy to offset the debt.
He needs to cut the spending as soon as possible,
because the debt in US is huge. Then, US print too
much money in the event of subprime mortgage to
currency depreciation. Obama with the purpose of
keeping US dollars balances. He also taxes on the
rich. He said “All Americans must be share the
burden”. I totally agree with it, because of the
US dollars are less valuable than before. Asia is
no more trust US currency. They discuss about the
possibility publish China currency. It’s a good
idea to keep currency stable. We just wait and see.