Is a TRILLION dollars going down the drain. I can't be the only person who thinks the upcoming trillion dollar stimulus package is going to be colossal waste of money.
Write it down, book mark this page, remember this posting. The checks will go out, our weekly salary deductions will be lower, but as soon as its done, the spending will tank, just like this summer when the Bush-bucks stopped following. I suspect that people will be buying gas, milk or paying down the credit card bill with their soon to be received Obama-bucks.
What will we have to show for a trillion dollar stimulus package? Nothing very good. We'll have a devalued currency and an international community that will demand higher interest rates to buy our debt, assuming that they are dumb enough to buy it. Once they stop funding our spending, we will truely be S.O.L.
1 comment:
You are not the only one who thinks this. We got into this mess because of excessive borrowing and spending and so the solution turns out to be MORE BORROWING AND SPENDING! Genius. Pure Genius. This will not end well.
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