Feb
19
Can you even fathom just how much 790 billion dollars is? This is the number that is being thrown around by our politicians in Washington that our new president thinks will save our economy. I am of course talking about the so called economic stimulus package.
Now let’s just take a quick look back at some of the other free money that our elected officials have passed out here recently. First we had the banking bailout (wasn’t that originally supposed to be a loan to the banking industry?). That one was 700 billion dollars so that banking executives could have their golden parachutes and so banks could keep their private jets. Then there was the auto makers’ bailout (also was supposedly going to be a loan) of 25 billion dollars. Did we solve unemployment by throwing cash at an industry who is failing because it is reluctant to keep up with the times?
Now if we add up just these three little items, how much are we spending? That’s 1.515 trillion dollars! So if we already have more than a 10 trillion dollar national debt, where is all of this money coming from? It is coming from you if you are a taxpayer! And this should warrant more debate!
