Many people out there seem to think that the Government is the answer to everything. However, slowly but very surely over the last few years we have seen just how bad the Government screwed us royally. We have spent nearly one and a half trillion dollars, and have nothing to show for it except an unemployment rate of 9.2%, and an over all under employment rate(people who are off unemployment benefits still with no job) of 16.2%. The idea of the stimulus money was to make jobs available quickly for Americans. The Government thought they could spend the money better than the public. This is by far the most insulting thing about this whole crisis. The Government blew one trillion dollars, on funding projects that just did not work, or were not ready to start hiring, or the jobs were only temporary. Washington, would have had better results if they had sent that one trillion dollars back to the tax payers. People would have caught up on their bills, had work done to their homes, fix up or purchase new cars, got up to date on their mortgage, replace appliances, and even travel and invest.
The one thing Washington never realizes is that it is the people spending money that creates an economy, not the Government. So now, we the tax payers are stuck holding the bag for a string of failures that is going to happen again within two to three years. All of the bail outs that have been occuring are going to come back to strangle us. Here is why. According to the CBO, people who were got extensions of their mortgages even though they got the monthly payment lower, still have to pay a mortgage that they are still having trouble paying. The banks, are losing money and are being refunded by the Government for the two years that the payment is now lowered for. However, in two years when the payment goes back to the original payment and the homeowner slips back into being behind on the payments what do you do then? Do you keep bailing them out? The same for the companies that were funded by the Government AIG, and GM. Do you keep throwing money into a failed company because you are trying to save jobs? At what point does it become to much? When do you say " this has failed"? The scary thing is that so many Americans are just to clueless about how bad the problem is. Many people think the "rich people" are to blame so they should pay their fair share. Well then do tell what should be the fair share they pay? Washington on average takes about 40 cents for every dollar you make, what is a fair share.
