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The Government Is Out Of Control With Our Money
Filed Under (Interest Rates) by Scott Johnson on 02-04-2010
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.
The only way to have benefited from that legislation is to have gotten a newly created job that came about because of the stimulus bill. You might also have gotten some better terms for your mortgage but there was nothing where you were going to get cash from the government. If people thought they could qualify for a government grant they could have applied to one, but those grants weren’t any bigger or easier to get than they always were.
Even though the stimulus plan was passed over a year ago, people continue to find it tough going economically. The bill has done nothing to lower the unemployment rate and people are still as fearful today of losing their jobs as they were last year. This makes one wonder what was really accomplished with the 787 billion dollars that the US taxpayers now owe?
There is always a segment of the population that thinks the government just hands out money to the needy. This perception was only heightened by the check many families received from George Bush during his last term in office. That check was an attempt to spur on the economy but now people will forever be hoping to get another one of those checks in the mail from something like a stimulus bill.
Of course there is really no free money and everything comes with a cost. People who work and pay taxes are the ones footing the bills and in today’s system, there aren’t enough of those people. If everyone shared the burden of taxes equally, there might be more respect for money in general and more people would understand that everything comes with a price.
You can go to my site Obama Stimulus Grants to learn about getting financial assistance from the U.S. government. You might also be interested in finding out about Obama back to school money.
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