Obama and the Government Have No Money To Give To Give

Did some people actually vote for Obama because they thought he was going to give them money? If this is true, what are these people going to do when they find out they will not be getting anything? The truth is that Barack Obama doesn’t have any money to give out and as a nation we are pretty much bankrupt.

This is a dangerous time for our country and people are just not informed about the situation. They don’t understand how the economy works and they think the government is some magical entity that has unlimited resources. Perhaps this is why so many people voted for Obama thinking they were going to be getting something for nothing. 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.

Obama is also tackling student loans and hoping to take private industry out of the equation. The argument is that private industry is trying to make a profit on our children’s education when in fact perhaps that is wrong. 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. Obama may be doing many things wrong but in this one area of student loans he may have the right idea.

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.