The government used Credit to solve the Credit Crisis
Debt of Obama
Obama uses credit to solve the credit crisis, what kind of Economic logic is this? Borrow to fix other people’s borrowing. We are in this mess because people borrowed too much! How the heck do you think borrowing on an even greater scale will solve the long term problems of the US economy. Obama does not know anything about economics. Really. Borrowing to solve the credit crisis. Borrowing is just another word for taxes, as someone will have to pay it off. And do not think taxing entrepreneurs and wealth creation and capital formation will do anything but make us less competitive. Let the chips fall as they may in this downturn, but to not dig a hole for the USA. Excess spending and credit did not work for the individuals and businesses and it will not be good for the economy as a whole in the long run, if the government now does this also. In history, big debts only destroyed counties. Obama is doing nothing more than accumulating debts like a gambler, a gambler who wants to win it all back. Some time in the future someone will have to pay his credit off, but in this case, I doubt we ever will, its just making a problem a black hole for our future.
Loading ...
Leave a reply to Credit to solve the credit crisis