When Will It Stop?

Today, President-elect Barack Obama announced that he has upped his goal to add at least 3 million jobs in his economic programs.

Also, we announced that we are going to double the number of our troops in Afghanistan.

Both of these announcements comes on the news that we just bailed out GM and Chrysler for $17 billion, and the Treasury is requesting to use the other $350 billion of the TARP that’s not a TARP plan.

Seriously, how are we going to pay for all this?  Even though creating jobs is a good thing, is it really the role for the government to create and pay these jobs?  How much will it cost to continue our military prescence in the Middle East and around the world?

At what point are we going to stand up and say enough?  It’s like we are all waiting for someone in the government to say it for us.  Well, I really doubt that is going to happen.

We need government to lead by example, not do exactly what we did to get into this mess.  Many people were living beyond their means, going deeper and deeper into debt, and now they can’t afford their mortgage payments and don’t want to spend money.  Now, our Federal Government is doing the same thing!  They are printing trillions of dollars, running up more debt, trying to inflate our way out of this crisis.

It’s not going to work!  Who’s going to bailout the dollar when the money finally makes it’s way down through the system?  Our Federal Government cannot print money forever.  It’s going to need a bailout, and when that happens, all of our standard of living will dramatically decline.

We need our government to try reign in their spending and pay attention to the huge deficit they are running.  Everything is at a standstill, waiting for the next bailout.  If they would just say, “we’re done, you figure it out” we would be out of this mess already.  The prospect of more and more money is making everyone sit on their hands.  We won’t find a bottom until the government stops trying to be a hero and gets out of the way.

Everyone is expecting Obama to come in and pull a couple of levers and make everything good again.  His already announced spending plans have the chance to run us into an even deeper hole.  We need a sound fiscal policy to start with the government and we need them to stop printing money and bailing everyone out.  Only after that will we really turn the corner and return to prosperity in the US.

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