Thursday, February 12, 2009
Economic Stimulus Plan Thoughts
I am a bit of a nerd because I have read part of the gigantic economic stimulus plan that was sent to the house of representatives. (Well maybe a big nerd.) I understand that it is suppose to be a complete restructuring of the U.S. economy. It is suppose to be putting money into places where spending has been cut to keep jobs that may be lossed and add new jobs. Whenever John and I have had financial trouble the solution has come in the form of not spending so much to pay off debt in order to increase the amount of money we actually have to spend. Another method that we have not tried would be to borrow a whole bunch of money in order to start a business. The start a new business seems to be general approach of the bill. I feel uncomfortable with the spend more to increase the future income option as a sole resort. I can see its worth. The church even teaches people with financial trouble to get a better education or to invest in some way to make one's future income more sure and suitable to that person's needs. However, one would think that while trying to start a new business that person should also work on getting rid of old debts and decreasing their general cost of living. I think that is probably what the government should be doing now. That is, getting rid of unnecessary expenditures while investing in a way that would make the future better. I do not think sending millions of dollars to Hollywood producers for film is investing in a safer financial future or cutting down on unnecessary costs. A lot of the items in the bill seem like good things, but not necessarily helpful things and the government does not seem to be even considering the option of getting rid of unnecessary spending in any meaningful way. So what I would have to say is that I think spending some is a good idea, but that it has to be followed with cutting back too, and I do that think this bill does that.
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I agree. Now... you have to remember that I'm not an Obama fan or a fan of the people that he has choosen to straigten out our economy... (choosing the guy that turned GE from a good company to a failing one is not my idea of a successful financial advisor). Another problem with the stimulus plan is that all the people that would benefit from it are the people who actually have a foothold in congress... where those that actually need it don't. I hope that as it stands, it won't pass.
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