Recent Town Hall Meeting

I recently read an article titled “Is the Bail Out Breeding a Bigger Crisis?” by Paul Craig Roberts from a blog site named “counter punch.” The article is about the recent press conference president Obama held on March 24th. The author starts out explaining that the US dollar is showing cracks and strains and that our country is an import-dependent country for item as energy, manufactured goods including clothes and shoes, and advanced technology products. He explains if the US dollar fails then we would be unable to pay for these imports. He goes on giving example to save budget money by terminating both pointless wars immediately and close down many foreign bases and cut the total military budget gratuitously, and also lower the number of enlisted members. These parts I do not total agree with the writer. Yes, it will save enormous amounts of money but I don’t believe that cutting back on our military is a safe thing to do right now. The wars should be thought very hard about what is the most cost effective way to keep approaching the situation, but to close bases, cut man power, and lower the pay for those who do sacrifice there all for the country is not right. The remaining of the article he talks about banking ideas, like creating a privately-owned Federal Reserve System and a national bank. Most of the things the author brought up were not stuff that I have heard discussed on the news. I really enjoyed reading this article and get some scenarios of what we could be facing, but the part about the military I did not agree with. Click on the highlighted heading to read this article.