U.S. economy + budget plans = impossible
Forty-six cents for every dollar borrowed? Forty-six cents?! What a fantastic idea. It’s one of the best in American history.
Thanks to President Obama’s economic stimulus bill and the Wall Street bailout we can look forward to the federal deficit increasing to about $2 trillion (yes, TRILLION). This year, the government plans to borrow 46 cents for every dollar it spends on running the administration plan.
The Associated Press conducted a survey to find out if people are worried about the country’s deficits and debt. You’ll never guess the results: they are worried.
AP also did a poll to see if people are, in essence, blaming it on President Obama. Forty-one percent of Americans disapproved of his handling of the budget, but only 30 percent disapproved of him in general.
We all know that President Obama will be blamed for the insane deficit that the U.S. is dealing with. When this is in the history books, he will be blamed or praised for how he handles the next few years.
We are living history, people. Unfortunately, this history in the making is making it hard for anyone and everyone.
andrea @ May 12, 2009