DEL Articles

Some people voted for Obama because they hoped he was going to give them money. What are these people going to do when they find out that they will not be getting any? You see, President Obama doesn’t have any money to give out as our nation is pretty much bankrupt.

Our country is in a really bad spot financially and people are just not informed about the situation. They have mo idea how the economy works and unfortunately they think the government is magic and has unlimited funds to give them money. This might be why so many people voted for President Obama thinking they were going to be getting some money out of it. What is going to happen to his popularity when things continue to go downhill and perhaps even get worse faster?

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.

Whether all this spending the US government is doing will end up working to keep our country out of trouble is yet to be seen. It could work but since we have never been in this predicament before, no one knows whether it will work. It may also put our country in a deeper hole than ever before too.