Tag Archives: president

Debt Ceiling Cliffnotes

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If you’re confused about all of the talk in the news about debt ceilings, taxes, government shutdowns, and what not, no need to worry about what it all means.  Here at The Cool Table, we’ll explain it simple and plain:

1) In 2001 we decided to cut taxes on the wealthiest Americans.

2) September 11 happened.  Then we decided to go to war.  Wars costs lots of money.

3) Two wars and a financial bailout later, it’s time to pay the piper.  The thing is, we’ve reached the limit on what we can borrow.  No more can be borrowed unless we raise the “debt ceiling,” or limit on what we can borrow.  It’s similar to you calling your credit card company and asking them to raise the limit on your Visa card.

4) Our government runs on a budget.  In order to pay for things, we need money.  If the “credit limit” isn’t increased, then we can’t pay for things, much less make payments on what we already owe.  So we have to borrow more money, bring more money in, and stop spending on certain things.

5) Traditionally, Democrats believe in using revenue from taxes to pay for things.  Traditionally, Republicans believe in lower taxes, in hopes that those who hold most of the wealth will use the tax savings to do things like create jobs, invest, etc.  With more jobs, then you have more people paying taxes.  With more investing, you can tax money made from investments rather than incomes.  Hopefully, that would offset money not coming in from income taxes.

6) We can’t really agree on which approach is best, so we argue, give long speeches, debate, and accuse each other on TV.  Oh, and some of the people in charge who hold elected positions are afraid of not being re-elected.  Therefore, they hold on to traditional beliefs regardless of how it will affect the country.

There you have it!  Now that you know, what do you think the best approach is?

Barack: One Year Later

first%20family%20election%20night Barack: One Year Later

Today marks the day one year ago that Barack Obama was elected president and uttered the words, “Change has come to America”.  Well my fellow nerds I have a question.  Has change come to America?  I won’t go into all the other things plaguing society, but we’ll just look at it from the black male perspective. 

CNN is doing their normal explotive news coverage. 

http://edition.cnn.com/SPECIALS/2009/black.men/?iref=mptopics

And they bring up some very good examples of brothers doing there thing.  But my big issue is most of these brothers were doing their thing before President Obama was elected president.  Then I look at stories like the one about Derrion Albert and wonder if his election has meant anything to our young brothers. 

Well my answer is yes and no.  I don’t believe Barack Obama being elected has done anything to change how black men have acted or will act.  I think there has to be an inherent nature to want to be better in order to do better.  People say black boys can look to him now and believe they can do anything.  I think all young brothers that feel that way after seeing Barack had a want to do great in the first place.  Him being elected only confirmed their desires. 

I feel like any change in our society must be grass roots.  We have to show brothers one on one how to be better.  And most of all they have to want to be better.  I’m not taking anything away from his election.  I think it was great that he was elected and thing it was a great win for the black community.  But I don’t think we can look to his election as a defining moment that “change has come to [black] america”.  

But anyway… How do you feel?  Do you see this past year as a marked improvement for the black male in society in the age of Obama?