Thursday, May 14, 2009

Financial Meltdown Coming

With the debate raging in congress and wall street getting richer you would have to wonder who out here is really benifiting from all that new wealth. I say nobody in main steam america is not getting any value for what money is supposed to spent on us by goverment. We seem to live in a time were spending on a personal level is down and credit markets have failed and most businesses are going broke. The goverment fat cats who are supposed to guard us against financial ruin are instead having a field day throwing lavish parties and living it up while the rest of us become hungery and permently homeless. Well, that is not the only ones who are benefiting but wall street is too with all the new programs and loup poles enacted every year that only help the rich and not the poor. I would think that the only way to stop our country from total bankruptcy is to stop spending and borrowing money we don't have. This is the first road to recovery in our economy and emproving the jobs problem too. Second we should also close most of the programs that we don't need and scale back the rest of them so that we can save money and begin to reinvest in our country. Third we need to trim our entire goverment work force in this country and devote more to better paying jobs for all who need it,help the homeless and struggling home owners who have been clobbered really bad by this economic meltdown. This would be a good partial solution to our reinvestment in our own future and help all generations who just are finding out that they too are about to go broke. This is my ideas for today on the American economy for which we need to fix soon or we all won't a penny to our name and have any country to call our home for the next generation let alone our current living generation presently.

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