current+event+6

=‘Spillionaires’ are the new rich after BP oil spill payouts"= [] After the oil spills so many people had lost money that had invested in the oil plant, yet there is that special bunch that actually profitted from this spill. a good amount of people put millions of dollars invised into the BP oil company that when it spilled and their market crashed they all go the worst end of the deal. But not only did all the investors get screwed over but the BP company was messed with as well from all the other companies that are taking advantage of the money that the BP oil company has.

ex:The prime cleanup company submitted bills with little or no documentation. A subcontractor billed BP $15,400 per month to rent a generator that usually cost $1,500 a month. Another company charged BP more than a $1 million a month for land it had been renting for less than $1,700 a month thats straight from the article....

that must suck for the company (BP) THAT ALL THE INVESTORS WANT TO PULL OUT AND ALL OF THE COMPANIES TEY ONCE TRUSTED AND WORKED WITH IN WELL MANNER ( my bad cap locks) just messed their whole system up.

tell me how you feel!!

=Obama: Cut spending, raise taxes on the wealthy= http://news.yahoo.com/s/ap/20110414/ap_on_bi_ge/us_obama_budget;_ylt=AlBJ.yOLVJhXjbV.sKBUueas0NUE; _ylu=X3oDMTNmNjhhOWhvBGFzc2V0A2FwLzIwMTEwNDE0L3VzX29iYW1hX2J1ZGdldARjY29kZQNtb3N0cG9wd WxhcgRjcG9zAzEEcG9zAzIEcHQDaG9tZV9jb2tlBHNlYwN5bl90b3Bfc3RvcnkEc2xrA29iYW1hY3V0c3Blbg

Obama wants to end the tax cuts for the wealthy, and instead raise taxes and cut spending. Although a very controversial plan it does have it upsides. For example raising taxes is always a good start to reducing a defecit. The plan also has it downsides of course, raising taxes is a good way to lose support. Not to mention if you raise taxes on the wealthy they in general will be less likely to spend money, which in its own way could add to the defecit.

Honestly i think his plan does have some potential for success. My doubt doesn't lie so much in the actual plan, it lies more with the person trying to implement these ideas. I need to see some more follow through before i can get behind any of Obama's plans. Hopefully the cutting spending, and raising taxes works.