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Is Obama Really Going To Give You Money?
Some people voted for Obama because they hoped he was going to give them money. What are these people going to do when they find out that they will not be getting any? You see, President Obama doesn’t have any money to give out as our nation is pretty much bankrupt.
Our country is in a really bad spot financially and people are just not informed about the situation. They have mo idea how the economy works and unfortunately they think the government is magic and has unlimited funds to give them money. This might be why so many people voted for President Obama thinking they were going to be getting some money out of it. What is going to happen to his popularity when things continue to go downhill and perhaps even get worse faster?
Right now the United State government has no money to give. Many companies are going out of business and it is tough times all around. Yes, the government can just print more money but if they do that, it devalues all the existing dollars and hurts us all. That has never stopped the government from doing it before but eventually it will catch up to us and we will have lots of inflation. That time of high inflation just might be right around the corner.
President Obama is also dealing with student loans and trying to take private industry out of the business. The argument is that private industry makes a profit on our children’s education when the government might be able to give the loans out at a lower rate. One thing is for sure: colleges cost too much and our kids start off in life with a huge college loan they have to dig out from under.
Whether all this spending the US government is doing will end up working to keep our country out of trouble is yet to be seen. It could work but since we have never been in this predicament before, no one knows whether it will work. It may also put our country in a deeper hole than ever before too.
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