Newscasts are talking about people being more concerned about the economy than
By youdontsay
@youdontsay (3497)
United States
January 21, 2008 7:25pm CST
the war. But tell me how the war ISN'T about the economy?
We are spending billions on this war, money we don't have. We have been operating in the red for years now. And the debt continues to grow.
Now people want the government to bail them out, lower taxes, provide support for this or that, and that simply increases the national debt.
Does no one understand what happens when a government, a business, or even an individual citizen continues to borrow more and more money without paying it back? Bankruptcy is increasing in the public sector, foreclosures are increasing in the private sector, and our country is going bankrupt, too.
Where does it stop?
2 people like this
5 responses
@creationsbyrobin (3071)
• United States
22 Jan 08
IMO, I don't think that the proposed tax-breaks the government is speaking of, will do anything for the economy. Many people believe that the economy will bounce back sooner than later. I don't believe this to be the case (again, it's my opinion)
One key fact the government is failing to mention is that the Baby Boomers are now beginning to reach retirement age and thus the mandatory payouts of 401Ks have begun. In a few more years when the largest numbers of Baby Boomers begin reaching retirement age, the stock market will continue taking hits as large amounts of stocks will be sold off, year after year after year. The government will begin to need to rely on younger citizens to help bail out Social Security. When one thinks about this, it isn't a very good situation.
I'm hoping I'm wrong, but I could see an extended recession coming for the US and perhaps the world economy.
2 people like this
@youdontsay (3497)
• United States
22 Jan 08
I agree. While I will enjoy having a few hundred dollars coming to me, it isn't going to make that much difference to me or improve the economy. It will just be that much more debt for the country.
People don't think of the government as being run with our money. But it is OUR debt. If you have a kid with a credit card and he runs up too many bills, you cut off his spending!
Let's think about the future.
1 person likes this
@creationsbyrobin (3071)
• United States
22 Jan 08
I agree, it is time to seriously think of the future. The country will not be able to bail out the citizens any longer and it's time everyone begin to take responsibility for themselves.
In the words of John F Kennedy--
"Ask not what your country can do for you, but ask what you can do for your country"
2 people like this
@whiteheather39 (24403)
• United States
22 Jan 08
IMO the words war and economy are synonymous in the respect of the horrendous problems we are now experiencing and will continue to have as long we continue this needless experditure.
2 people like this
@Perspectives (7131)
• Canada
25 Jan 08
David and I watch the news and talk shows and listen to the continuing delusion of the Bush Administration. I recall when he came into power some celebrities predicted that he would lead the country down a path that many would come to regret. Unfortunately that prophetic truth seems to have become a reality.
The circumstances in the Middle East, the growing 'ceiling-less' debt, the lack of accountability...I agree with you my friend...what will it take to do a major course correction? Whomever is the next president will not have any easy road ahead...regardless of what party gets in.
Raia
1 person likes this
@youdontsay (3497)
• United States
25 Jan 08
We don't have to wait for the election! We must put pressure on our legislators to focus on reducing the national debt and to stop runaway spending. We have more power than we realize when we address issues in large numbers. The legislators do respond to public opinion. And the sooner we begin the better.
@cuteangel2320 (45)
• United States
22 Jan 08
I'm not sure if it will ever really stop at this point we may get some breaks but our economy is so far in debt that it will take many many years to bounce back, that is if we start doing something about it now.
2 people like this
@youdontsay (3497)
• United States
22 Jan 08
The American public is so very spoiled. We don't want to do without anything. We have made no personal sacrifices for the war unless our family has been in the military sent there.
We expect the government to take care of us like spoiled brats.
1 person likes this
