Did some people actually vote for Obama because they thought he was going to give them money? If this is true, what are these people going to do when they find out they will not be getting anything? The truth is that Barack Obama doesn’t have any money to give out and as a nation we are pretty much bankrupt.
This is a trying time for our country and many people are just not educated about the situation. They fail to understand how the economy works. Many of them think the government magically has unlimited resources. This could be why so many people voted for Obama as they were thinking they were going to be getting something for nothing. If the economy continues to go downhill, what is going to happen to his popularity?
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.
If you would like to learn about getting Obama return to school grants for moms, please go to my website Obama Stimulus Grants to learn more.
categories: opinion,loans,interest rates,politics,government,college,student loans,grants
Related posts:
.jpg "33 (2)"){kind=icon}
