The deal of debt-ceiling which the President of United States, Barack Obama, expects to enter into negotiations with the Republicans will not be able to work out the problems of the nation with a red ink; along these lines was the first tweet message of the President. Obama’s payroll tax cut, which he brought out of the Congress, is not facilitating the flow of extra money to every American of the country.
The President embarked on the shortcut route with the facts and figures while tackling queries from the people on Twitter. The trademark briefness of the social networking site wasn’t a problem for Obama. He responded to every question in a verbal manner, for as long as he desired. Nevertheless, it was an act of juggling in which the entire story didn’t emerge correctly.
Many of the stories went haywire in contrast with the actual facts. On the website, the President first wrote about his expectations, saying that during the forthcoming week or the week after that, the congress, alongside the White House, will expectedly negotiate a deal that is able to solve the deficit problems of the nation, the debt problems and also gives protection to the credit.
However, as opposed to this, the actual fact is that even if the deal is reached, it would enable the United States to resist defaulting on its debt defrayals. This would help in protecting the credit of America, as the President claimed. However, it will also leave the problems of deficit and debts unsolved.
In another instance, the President wrote that he worked alongside Speaker Boehner in order to extend a payroll tax cut during the month of December that facilitates an additional 1000 dollars in the pocket of almost each and every person in America.
However, the facts suggest that Obama misstated the spread and size of the tax cut. By the estimates of the White House itself, 159 million people from the entire American population are gaining from the tax cut. However, the population of the US is in excess of 311 million. In accordance to White House, the payroll tax cut equals to $1000 of a “usual household”, one that generates 50,000 dollars annually. That is far away from 1000 dollars going in every American’s pocket.
Seems like President Obama didn’t go through his fact sheet properly when he started the question and answer session with the general public on Twitter.