Give me a break!
In these hard times, it is difficult to read and watch the sobering news reports about our mounting deficit. According to the Associated Press, the deficit has reached an all time high of 1 trillion dollars and it will continue to increase to almost 2 trillion by the end of the year.
I think it’s funny how Republicans are complaining about President Obama increasing the debt however left with the tremendous task of undoing what the president of the last 8 years has helped to create, it will take MONEY!! I wonder why people are shocked that the deficit is growing? We are still involved in a war. Unemployment in America is extremely high which means less taxes paid to the government. The housing market has declined due to lack of wealth of the average citizen.
Now there are rising concerns about the value of the dollar and foreign investments. Some fear that foreign investors will begin to scale back their investments in the United States due to fear of inflation. Certainly, this is a legitimate concern on their part. But, like my grandmother always said, “you have to have faith like a mustard seed”.
For the first time in my lifetime, I actually trust our president to make decisions that will end up helping us in the long run. After all, how much worse can the situation become? I wish more people would realize that it is going to take time, funds, and smart strategy to alleviate the problems of this recession and our debt.
