Some people voted for Obama because they hoped he was going to give them money. What are these people going to do when they find out that they will not be getting any? You see, President Obama doesn’t have any money to give out as our nation is 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 government has no money to give and so many companies are going bankrupt as well. Yes, the government can just print more money but that devalues all the existing dollars and hurts in the end. That has, unfortunately, never stopped the government from doing it but eventually it will catch up to us in terms of inflation. That time of high inflation just might be right around the corner.
Obama is also tackling student loans and hoping to take private industry out of the equation. The argument is that private industry is trying to make a profit on our children’s education when in fact perhaps that is wrong. 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. Obama may be doing many things wrong but in this one area of student loans he may have the right idea.
It remains to be seen if all the spending the US government is doing will end up working to keep our country out of trouble. It could work but no one knows whether it will because no situation like this has ever occured 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.
categories: opinion,loans,interest rates,politics,government,college,student loans,grants