Many people are counting on an Obama grant or some other type of help to get them through this recession. It is bad out there right now with so many houses having lost their value, jobs being lost, people getting laid off, and prices on the rise. The people who were already in debt are now in real serious trouble and bankruptcies will be on the rise.
This shows first hand why it is important to not live above your means. You should always save money out of every paycheck and never buy something you can’t afford. Unfortunately, few people do that and now we are seeing the trouble it can bring. Our society is built on credit cards and buying everything on credit which is very dangerous.
President Obama was elected to make changes and one of the things Democrats always do is give away money. They usually give it away to the poor people to make sure they secure their votes. This has led to a certain segment of the population wanting government handouts and believing they are entitled to them. Many people are desperately trying to figure out how to get some of this stimulus money that is being thrown around.
Obama can’t give money to everyone and so choices must be made. Those that don’t qualify are going to be upset as they are in need too and will feel slighted. This is already happening with the mortgages bailout. Not everyone has qualified for government assistance and many people are disturbed. Some homeowners have qualified for lower mortgage rates and some havent which is upsetting to many when they dont understand why.
In reality, there is no money to go around at all. This stimulus package and all the money that is being spent to try to get our country out of financial trouble has to be paid for somewhere. We will all be paying for it through higher state and federal taxes for many years and it is likely that future generations will have to foot the bill too. This means our children will have to pay for the many mistakes we are making now. This is a very sad situation for our country and unfortunately many people dont have any idea of what is really happening.
