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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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Technorati Tags: commentary, finance, Interest Rates, loans, opinion

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The Dire Need For More Money In The U.S.

Filed Under (Interest Rates) by Jess Jackson on 26-12-2009

With so much need for financial aid right now, many people are going online to see what they can find. It seems a large number of them think they might be able to get money from the stimulus bill that was passed out earlier in the year. It is true that the Democrats do have a long history of giving out money but in this instance it might be hard to get any from a grant or loan. It might be that people thought there could be a stimulus rebate check in the works as was given out to people several years ago under the Bush administration.

The amount of the stimulus bill is staggering and we have all hear reports of the numbers on television and radio. This has undoubtedly led people to think that they can get some of it and they are keen to find out how. They might not care that all that money is coming directly from our taxes and the taxes of future generations. It will be our kids and grandkids that have to pay for much of the trouble that we have gotten ourselves into.

It is kind of sad that there are so many misguided people who think that they can profit from Obama’s presidency and the government. The government is there to help with certain things and keep order but it is not there to take things from one group of people and give them to another group.

There are indeed some people that will get government assistance in many different ways but no one is going to directly get free money out of this. Unless Obama decides to cut all lower income families a stimulus check, there will be no handouts. The chance of that happening though, is slim as there just isn’t enough money to go around.

The stimulus act was mainly to help some businesses and state governments get their feet back on the ground after a terrible financial spell. There is little in it for the common person and as always, it is very complicated to learn what is available and how to apply for it if you qualify. It seems that no matter how much you need additional funds, the stimulus package is probably not your solution.

Are you interested in finding out about Obama back to school grants for moms? Please go to my site Obama Government Grants to learn more about getting financial assistance from the government.

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Technorati Tags: commentary, government, Interest Rates, loans, opinion, politics

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How Much Money Are You Going To Get From Obama?

Filed Under (Interest Rates) by Simon Wertion on 18-11-2009

People apparently voted for Obama because they thought he was going to stand on the street corner handing out cash. What are all the people going to do who think they are going to get this free money when they find out they will not be getting it? President Obama doesn’t have any money to give out and as a nation we are pretty much bankrupt.

This is a dangerous time for our country and people are just not informed about the situation. They don’t understand how the economy works and they think the government is some magical entity that has unlimited resources. Perhaps this is why so many people voted for Obama thinking they were going to be getting something for nothing. What is going to happen to his popularity when things continue to go downhill and perhaps even get worse faster?

The US government has no money to give and a lot of businesses are going bankrupt. The government can just print more money (and they often do) but that devalues all the existing dollars and hurts everyone in the end. That has never stopped them from doing it but someday it will catch up to us and we will have very high inflation.

Another thing that Obama is dealing with are student loans. He is hoping to take private industry out of the equation and have all the loans go through the government. His argument is that private industry trys to make a profit on the loans and the students suffer with the high interest rates they are charged. He thinks the government can give out the loans at a lower rate and everyone will benefit. There is much disagreement about this but one thing is for sure: colleges cost too much and our kids start off in life with a huge college loan they have to dig out from under.

All the spending the US government is doing may or may not end up working to keep our country out of more financial trouble. It may work but no one knows whether it will because we have never faced a situation like this before. It may also put our country in a deeper hole than ever before too.

If you would like to learn about getting Obama return to school grants for moms, please go to my website Obama Stimulus Grants to learn more.

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Technorati Tags: college, government, grants, Interest Rates, loans, opinion, politics, student loans

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