My brain hurts.
Where does is start? Where does it end? What happens if we go over? So many questions about this ominous topic. I'm not completely 100% on it, but here's my take of the basics:
WHAT:
Soon and very soon, tax cuts that George W. Bush put into place will officially expire and automated (severe) spending cuts and tax hikes will go into affect. Spending cuts in public programs like:
Energy research (Have you seen the polar ice caps?)
Water toxic waste (Remember the BP oil spill?)
Clean water programs (Speaks for itself)
Among many others!
Uhm...those seem pretty important to me!
WHEN:
January 2 is the official deadline date.
WHY:
Because last year, President Obama and Congress could not come to an agreement on a budget. The President wants to increase taxes on those earning more than $250,000 a year. Republicans want to cut spending but really don't want taxes to go up. Both sides are being really stingy and holding up progress.
Ridiculous!
Anywho, whenever you have a few minutes take a look at the video below for a more detailed explanation.
BONUS: It has drawings! I don't know about you, I'm a visual learner. The more pictures the better.
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