I recently seen a video talking about all of the different things they are planning on including in the next stimulus bill. From things like stop smoking to birth control prevention the new stimulus bill is crammed full of things like this.
If you would like to check the video out you can do that here.
When you look at a country that is trillions in debt and sinking further into debt everyday how do you stop it. Well lets think about this a bit. First off unlike the last stimulus bill not all of that money was borrowed money. In this particular stimulus plan all of this money is being borrowed.
Second, normally to get out of debt as an individual it’s fairly simple, cut down debt and save more money. With the new stimulus plan we aren’t paying off any debt, we aren’t saving any money, and we aren’t going to get ahead by doing this new stimulus plan.
It seems as if the plan is to spend more money to get are country out of debt. Personally I can’t see how that will work.
So what are your thoughts? Should they have another stimulus package or will it work if they cut some of the odd stuff out they discuss in the video? Leave a comment and let me know. Also any good ideas for what you would do to solve the economies issues would be great. Any good ideas will be posted in a later post.
Till then,
Chris
