On Tuesday Barack Obama outlined a new multibillion dollar plan that calls for us to spend our way out of trouble. He believes that if we continue to spend jobs will increase and be available. Without saying how much it will cost he proposes we spend money on highways, and internal structures of our country. He also stated that we avoided the depression but need more funding to fuel our country. He plans on gaining support by adding incentives to qualified bussinesses. While giving the speech he attacked opponents by accusing them of opposing economic stimulus efforts and his health care overhaul while supporting tax cuts and spending that have ballooned the deficit. I think all of this information is interesting but at the same time I don't understand when this amazing amount of spending will slow down. It seems like every week we are hearing about a need to spend more money and use more stimulus packages. Everyone seems to be blaming one another for all the problems. I just hope that someday all this spending does not catch up to us in a negative way. Hopefully some strong plans are put in place to help aid the spending process.
http://news.yahoo.com/s/ap/us_obama_jobs
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It is scary to think that politicians feel we can just buy ourselves out of the problems facing our country. However from what you’ve said about the article it sounds like Obama is talking about putting money into things that will undoubtedly make use of the money, unlike the bailouts. Spending on highways seemed to work for us back in the days of World War II so why can’t it work again right? Ok so maybe that is a bit of a stretch but you never know. Our mounting debt is what scares me the most. I’ll send a thank you note to my kids when I’m old telling them, “thanks for picking up the bill”
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