Dec 17 2008
$1 Trillion Recovery Plan
Economic advisers are telling Obama and his team that it could cost the government as much as $1 trillion over two years to aid the economy. Another plan calls for $400 billion a year. Obama’s own team was considering an amount of $600 billion. How this money will be used much also be considered, of course. Also, this will be in addition to the $700 billion set aside to save Wall Street, as well as other such actions that may be taken in the future. So much heavy spending will obviously run into some Republican bumps in the road, and maybe even some Democratic opposition to so much spending. Honestly, it is a lot of spending. The deficit will not just disappear. If you keep on building on it, you may run into some huge problems down the road. I am not saying that there should be no recovery plan, but there has to be some sound judgment and making of wise decisions.
If we don’t get americans spending again then our economy is bunked all around (which it may already be). This being said, there are plenty of ways to make money for our government. I honestly can’t wait for the day when the military has to hold bake sales for their jet planes and whatnot…
At this point, does the amount of the debt really even matter? It’s so bad the math challenged (like me) can’t imagine the numbers, anyway.
Where will they get this money, since nobody’s working?