Sunday, March 14, 2010

Stimulus Package: Is it Working?

It has been an entire year since the 800 billion dollar stimulus package was passed. Yet the state of the U.S. economy still finds itself facing many problems. The current unemployment rate remains at one of the highest since the Great Depression. Millions of American is upset because trillions of the taxpayers money has been committed to many government bailout plans, yet there seems to be no sight of improvement in today’s economy.
The questions that I have, is where is all of this money going? And why has it not been helpful, like our government promised? The government has allowed the pricing of homes to continue to rise, and this is going to eventually catch up to the economy if it has not already done so. In this case the government needs to allow the price of homes to fall, in order to bring the market back to a sustainable level. I completely disagree with the idea of having a stimulus package. The package attempts to boost the level of economy by taking money from hardworking American taxpayers and is spent toward irrelevant policies that have already suffered from the current level of the economy. Overall our government is wasting billions of dollars to accomplish nothing. Article link below:
http://www.cnn.com/2010/OPINION/01/25/paul.stimulus.waste/index.html

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