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4 Comments

  1. Foxwood May 12, 2009 @ 8:53 pm

    Obama budget is failure by design. Why?

  2. andrea May 15, 2009 @ 12:07 pm

    Obama’s budget is a great idea on paper but in reality (and in the long run) the chances of success are seemingly distant. All that President Obama wishes to do are necessary improvements but the saying “It always gets worse before it gets better” probably isn’t true in this case.

    What is also troublesome is the idea of lenders. America has investors but will they stop when we, as a country, appeal unworthy of such help?

    It’s a scary thought. But, it’s hard to say whether it’s a complete failure since we haven’t seen it completely play out.

  3. Shawn May 25, 2009 @ 8:08 pm

    The whole “things will get worse before they get better” idea does not mean that we should MAKE things worse in order for them to get better. It doesn’t work that way, though it seems as the the president is working with the philosophy.

  4. andrea May 26, 2009 @ 2:00 pm

    I agree with you 100 percent Shawn. Let’s just hope that this philosophy works to his advantage. If not, there’s going to be millions of angry Americans. Hopefully we can get some issues on the next ballot so citizens can be heard on this financial situation.

U.S. economy + budget plans = impossible

U.S. Economy Comments (4)

Forty-six cents for every dollar borrowed? Forty-six cents?! What a fantastic idea. It’s one of the best in American history.

Thanks to President Obama’s economic stimulus bill and the Wall Street bailout we can look forward to the federal deficit increasing to about $2 trillion (yes, TRILLION). This year, the government plans to borrow 46 cents for every dollar it spends on running the administration plan.

The Associated Press conducted a survey to find out if people are worried about the country’s deficits and debt. You’ll never guess the results: they are worried.

AP also did a poll to see if people are, in essence, blaming it on President Obama. Forty-one percent of Americans disapproved of his handling of the budget, but only 30 percent disapproved of him in general.

We all know that President Obama will be blamed for the insane deficit that the U.S. is dealing with. When this is in the history books, he will be blamed or praised for how he handles the next few years.

We are living history, people. Unfortunately, this history in the making is making it hard for anyone and everyone.

andrea @ May 12, 2009

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