Hello Everyone,
Evelyn here,
with a few words on Obama’s weekly president-elect pep talk to the nation.
Obama wants to start this relief stimulus by putting the nation deeper into debt. The current national debt is fast approaching the $11 trillion mark, and this is the downward swing. Now, Obama is asking for an amount of money ranging between $675 billion to $775 billion for next two fiscal years, and some say this amount could rise to $850 billion by legislators adding additional packages to the deal.
No one doubts that America needs change and some immediately relief from the hardships cause by the economy going south last year, but will shelling out billions upon billions to stimulate a failing country the answer. The plan behind this stimulus will supposedly created millions of jobs and gives some “immediate but short term” relief to families hurt by the lost of their employment, and ergo, the necessary income to pay bills and keep up with their monthly mortgages.
Furthermore, this new stimulus is also being granted to outset major companies on the verge of bankruptcy that will then and supposedly lower the cost of goods and adding more relief to the consumers’ wallets. There is also the hope that once relieved that of these companies and others that consumers will then buy more goods, which frankly was a dismal failure early last year. Families were already feeling the affect of last year’s economical failure, cutbacks and lay offs. They used their stimulus funds to help keep their heads above water and their creditors from their front doors. The notion that this new stimulus plan would not have a similar affects at a time when millions upon millions of more people have become jobless since the issuing of the first one and the threat of more jobs being lost during this new year of 2009 would be remiss.
Sure, the country needs to recover and change does take time, and we need the strong beliefs that this country can and will be turned around for the better, but still, let’s hope Obama and the other decision makers up there in Washington are not gambling our nation away and the future of it people along with it.
Here is where we are as a nation at the time you have finished viewing the video and reading this article.
National Debt Clocks and Savings Clocks
Obama Urges Congress to Pass Stimulus
So you know that I am not alone in my thinking that we need to be concern about how our govenment in handle the debt and deficit problems check out "Great News: National debt may jump $2 trillion this year" by Rick Moran.
We want change, but let’s keep it real.
Evelyn out.
