A few friends of mine forwarded this video to me. It talks about how much money are government is really spending. Anyways watch the video and leave a comment. I’m interested to hear what you think.
How Government Spending Will Effect You
Obviously with government spending out of control their will be some definite reactions to this. The thing to remember is this will eventually effect you.
In order for the government to come up with this money they need print more money. This in turn will lower the value of the dollar. Why is that you might ask? Because with no physical asset like gold, silver, or platinum to back the value of are money, so the value drops.
This then creates the next problem, inflation. As a result of value dropping this will drive the cost of goods and services up. In fact it is starting to happen right now as I write this post. Just a few weeks ago gas was around $1.80 in my area and is now over $2 a gallon now.
But it gets worse, not only is the United States printing more money but so are a lot of other countries. This will eventually drive us into global inflation.
So over the next couple of years you can expect the prices of goods and services to increase again.
Spending More Money To Fix A Growing Problem
Along with the government spending more money to fix the problems are country is currently facing a trillion dollar debt with no end in site. This will also have a huge effect on are country.
With a debt growing bigger and bigger by the moment the best solution are government has come up with is throwing more money at it. While this may solve problems in the short term in the long term we are delaying the inevitable.
So how will this effect you? Eventually, it will mean higher taxes to payback what we are borrowing.
Spread The Word
If you have read this article and feel spending more money will not solve this problem take some time to send this article to a few friends. If your not quite sure, think about this for a second.
If you want to get out of debt how would you do it? Simple, put a plan together, spend smart, and most importantly save up more money. It doesn’t take a rocket scientist to figure this out. It looks to me we are doing the exact opposite.
So take some time and send this to a friend or bookmark it and share it with other to get the message out.
Chris
