So I do not really believe that the economic stimulus package will actually help America move forward. Maybe it is because I am skeptical that anything the government does with my money will do anything more then what I can do with my money. Also that is a whole lot of cash for the next 10 years. So if he does not get re-elected it will last for another 6 years and if he does then it will still last for another 2 years after he is gone. That is the kind of debt that my grandchildren will be paying off in the form of higher interest rates among other problems. One of the things that just baffles me is that they want to insure mortgages and help people get into homes. Now this is good but having the government back so many bad loans and having the companies give out loans to those who could not really afford them isn't that what got us into this in the first place? Do we really need more people out there to own their homes? What ever happened to saving up for them and then buying or what about renting for a few years so that we can save up for a down payment. There is nothing wrong with not owning a home. I do like the infrastructure repairs and the investment in clean energy the great depression brought about the highway system that we see now. And the renewable hydroelectric dams. So those are great. But I do not know.
http://www.opencongress.org/bill/111-h1/show
It also seems interesting that most Americans I talk to have no faith in it and do not even really want it to pass.
I guess that only time will tell if it really will help
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2 comments:
totally agree
on the bright side, tough times has an amazing way of bringing people together instead of fighting over things that don't matter.
They should bail us out, I want 10 million dollars to stimulate the economy with.
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