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The Bush stimulus was $700Billion. Now Obama wants another $850 Billion. All deficit. Will this help?
1.55 Trillion dollars of extra deficit spending, all outside our regular budget, all approved during the last two months. There are only 300 million Americans, so this spending is $5,000 per person. Only 11 million unemployed Americans, as of December. So this spending is over $100,000 per unemployed person. Can we possibly believe the purpose for this is to create jobs? Whose economy, exactly, are we stimulating? Can we possibly spend this much without devaluing the dollar? How far can we go before people stop buying U.S. bonds?
7 Answers
- 1 decade agoFavorite Answer
I don't know what congress is thinking approving this stimulus package, it's time for government stop spending money and face the reality.
- ladydreamer24Lv 51 decade ago
No it will not help the average American. It will help illegals, non-working and never will work Americans, only the poorest of the poor and most of these I speak of are there by choice. This package gives a blank check to food stamp, healthcare and welfare for these people. In other words we are returning to another regular session of the Democrats. Hand outs everywhere. But, not for the average working person, who pays his bills and pays his taxes. The next move after this, is to raise taxes. Obama already said that he would raise payroll taxes. Can anybody afford to pay more when they have a full plate now? If this bill passes it is the beginning of the end for our country. And it is hard to believe that so many people out there do not know it or see it coming. Goodbye to our world as we know it. The link will show you just some of the stupid stuff in this "package".
- chuck_juniorLv 71 decade ago
No it won't help.
You can't spend your way out of a deficit or recession by simply printing more money. There is a term for that. It's called inflation. Inflation speeds up the progress into a recession.
They added every part of the pig to this bill except the oink.
- 1 decade ago
dude,the only people they are stimulating are their buddies...this is better than the bernie madoff scam,he only stole 50 billion.obama is going to steal 2 trillion and send it to his buds...wake up and get some pitchforks and gasoline.70% of our population are sheeple(clueless sheep) that elected this clever empty suit.
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- Anonymous1 decade ago
Bad news, the Chinese already announced the other day they won't be buying any more US bonds. The end is nearly here.