The recent sequester cuts seem to have taken a powerful hit at America’s self-esteem. Citizens all over the nation are panicking on how these budget reductions are going to affect them. The fact is that the cuts will only affect certain categories of people since they were made in some specific departments. The defense and medical domains will be most shaken and it is hard to predict whether permanent damage will be made. A lot of research and development projects will be canceled which will mean an intermission in America’s development.
President Obama has campaigned as loudly as he could that these cuts were unnecessary and could have been avoided if other courses of actions could have been taken. However the negotiations between the Obama Administration and the Grand old Party were fruitless. The republicans refused to raise taxes and made several statements about the possible positive impact that the sequester cuts could have. Now that the budgetary reductions are finally here it would seem that they have to do everything in their power to make it positive.
How permanent these sequester cuts are going to be is also a matter of uncertainty. Numerous plans are being elaborated in order to cancel, postpone or enforce budgetary reductions. Each part has its own view on the matter. While the democrats insist on raising taxes on the rich, the republicans consider that the recently approved sequester cuts are the best option.
Although a lot of people are worried on how the cuts will affect the Defense Department, this may be a chance for the Pentagon to shine. America’s military influence is indisputable but its financial influence is starting to crumble and one of shame. The increasing debt is becoming of great concern and the time of actions has come.
Political differences are common in all countries and opposing parties are necessary in order for democracy to thrive. However, perhaps in times like this political union, it is necessary in order to restore the economy balance and regain financial security. One thing is certain: drastic measures needed to be taken.
Is the sequester the final blow America needed in order to face reality that we have a dire financial problem. Raising and cutting taxes wont solve our problem; it will only mask the issues as it has done since the birth of our nation. The only real solution is reform, Americans will have to adapt to a new lifestyle.