How Much Longer Can The U.S. Continue To Pile Up Debt?
People still talk about the 2009 stimulus bill even though it was passed over a year ago. While it is still in the news almost every week, many people don’t seem to understand that it was there to give aid to large businesses as well as state governments. There was nothing in it for the average guy on the street.
If you are a person that needed help, one of your only options for benefiting from the bill was to get a job that came about as a result of the stimulus. It is also possible that you could have gotten some form of mortgage assistance as well but that didn’t apply to too many people. The bill did not impact government grants even though many people continue to look for grants thinking there are more of them available than usual.
People are still trying to find ways to make money, get jobs, and make ends meet in 2010. The stimulus bill did nothing to lower the unemployment rate and people are still having the hardest time of their lives finding work. What did we really get, if anything, for the 787 billion dollars the government is handing out?
Whenever there is news about the government passing legislation of that size, there are many people who think the government is just handing out money. They could be remembering the stimulus check that many people got during President Bush’s last term and hoping there will be another windfall like that coming in the mail. That stimulus was meant to spur on the economy and the most recent stimulus bill was meant to try to save the economy.
There has never been anything such as free money that doesn’t come with some sort of a cost. Ultimately, people who pay taxes are the ones that will be responsible for this debt and it is too bad that so many in our society have escaped paying taxes. If everyone where responsible for this debt, there would be a greater chance that people would rebel and stop lawmakers from putting up deeper in debt year after year.
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