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.
This is a dangerous time for our country and people are just not informed about the situation. They don’t understand how the economy works and they think the government is some magical entity that has unlimited resources. Perhaps this is why so many people voted for Obama thinking they were going to be getting something for nothing. What is going to happen to his popularity when things continue to go downhill and perhaps even get worse faster?
The US government has no money to give and a lot of businesses are going bankrupt. The government can just print more money (and they often do) but that devalues all the existing dollars and hurts everyone in the end. That has never stopped them from doing it but someday it will catch up to us and we will have very high inflation.
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.
It remains to be seen if all the spending the US government is doing will end up working to keep our country out of trouble. It could work but no one knows whether it will because no situation like this has ever occured before. It may also put our country in a deeper hole than ever before too.