Obama and the Government Have No Money To Give

People apparently voted for Obama because they thought he was going to stand on the street corner handing out cash. What are all the people going to do who think they are going to get this free money when they find out they will not be getting it? President Obama doesn’t have any money to give out and as a nation we are pretty much bankrupt.

This is a trying time for our country and many people are just not educated about the situation. They fail to understand how the economy works. Many of them think the government magically has unlimited resources. This could be why so many people voted for Obama as they were thinking they were going to be getting something for nothing. If the economy continues to go downhill, what is going to happen to his popularity?

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.

Another thing that Obama is dealing with are student loans. He is hoping to take private industry out of the equation and have all the loans go through the government. His argument is that private industry trys to make a profit on the loans and the students suffer with the high interest rates they are charged. He thinks the government can give out the loans at a lower rate and everyone will benefit. 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.

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.

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