Source: Reuters October 12, 2008
Authors: David LawderConcept: Economic distress, recession, stimulus
Brief Synopsis: This article discusses the current economic state of the United States and the recession that American's may soon be facing if something does not happen soon. Recently, an economic stimulus plan took place giving American's several hundred dollars hoping this money would be plowed back into the economy. Now, Democrats are planning on creating more jobs by boosting spending on the infrastructure including roads, bridges, and water projects.
My Thoughts: I believe this is a good idea, but I think it's good as just that-an idea. Sure it would be great to create new jobs, decreasing the unemployment rate and putting more money back into the economy. But the United States is already in enough trouble financially. My question is, who is going to fund this billion dollar project to restore the economy? We can only go more into debt by doing this and overall I do not feel that is really what the United States needs now. Granted, I don't have any better ideas, but this one just doesn't seem to make complete sense to me. Maybe that's just me though, but I'd like to hear their idea on how to fund this plan--maybe then I'd be more fully supportive of it.
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