Sep 29 2008
U.S DEBT and the Floundering U.S Economy.
The U.S debt stands at a staggering amount of trillions, not billions of dollars and now that the Bail out wasn’t voted in (funnily enough it was the Republicans that put more nays than their Democratic counterparts in to the ballot box) what is going to happen to all these banking Institutions and other big companies that were depending on this package? Not only that but the rising debt is falling on the Average American’s head and the burden that this puts on future generations does not make America sound much like The Land of the Free anymore. When you are in debt you automatically take on Slave status and if the U.S political Powers that be keep this up the U.S Economy will not only falter but the U.S will not be able to make random choices and will also lose its powerful voice in WORLD Affairs.
Qiman has uploaded a video that really opened my eyes wide to the U.S DEFICIT and the situation the U.S Economy is in which will have socio - economic implications of great loss which may never be repaired if something drastic isn’t done to halt this downturn. American Citizens have to look hard into the Economic packages each political party is dishing out before casting a vote.
It is a hard decision figuring out what is the best course of action in this economic crisis. If it is not handled properly, with oversight and regulations, then the top CEOs could end up benefitting significantly from a government bail-out. It’s exactly what middle-class America is afraid of. All of those Bush tax cuts for the wealthy helped to get us here and now taxpayer money is going to bail these people in the provate sector out? People are steamed and worried at the same time.