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Once upon a time there was a story.
Warning: it's about politics and money, though probably nothing you haven't heard. Hint: it starts with a 'B' and rhymes with 'ailout'.
Mostly it's the same-old 'we're all going to die... or at least end up broke' message, but a little over half-way done a paragraph caught my eye (emphasis is mine):
"If Congress fails to enact a big economic recovery plan, Obama's advisers estimated that an additional 3 million to 4 million jobs will disappear before the recession ends. Obama's team also noted that with or without the plan, the jobless rate by 2014 would be the same."
So... am I missing something, or do they want to spend 700 BILLION dollars to end up where we would anyway?
Also, does anyone else see the disturbing parallels emerging? The recent statements of 'we'll worry about the details later' and 'we just need the money now, we'll be responsible later' in relation to taxpayer money and national deficit sound an awful lot like people taking out second mortgages to pay off their credit cards... so basically, the same kind of thinking that got us into this mess... and it's supposed to get us out?! Sure, without it things will suck for awhile, and people will have to tighten their belts, but the economy will actually recover, instead of being held afloat with even more borrowed capital to crash and burn even worse later.
...I really need to stop reading the news.
Warning: it's about politics and money, though probably nothing you haven't heard. Hint: it starts with a 'B' and rhymes with 'ailout'.
Mostly it's the same-old 'we're all going to die... or at least end up broke' message, but a little over half-way done a paragraph caught my eye (emphasis is mine):
"If Congress fails to enact a big economic recovery plan, Obama's advisers estimated that an additional 3 million to 4 million jobs will disappear before the recession ends. Obama's team also noted that with or without the plan, the jobless rate by 2014 would be the same."
So... am I missing something, or do they want to spend 700 BILLION dollars to end up where we would anyway?
Also, does anyone else see the disturbing parallels emerging? The recent statements of 'we'll worry about the details later' and 'we just need the money now, we'll be responsible later' in relation to taxpayer money and national deficit sound an awful lot like people taking out second mortgages to pay off their credit cards... so basically, the same kind of thinking that got us into this mess... and it's supposed to get us out?! Sure, without it things will suck for awhile, and people will have to tighten their belts, but the economy will actually recover, instead of being held afloat with even more borrowed capital to crash and burn even worse later.
...I really need to stop reading the news.