Introduction to the Economy

A few days ago, the House passed a Stimulus package. The package was aimed towards the middle class and the poor. The package offered rebates of $600 an individual, and $1,200 for couples, and $300 a child. The citizens that would be eligible would have to be making less then $75,000 per year and couples that made less then $1,200 a year. Now this is $161 billion dollars that is being borrowed and increasing the countries deficit.

On January 31, 2008, The Houston chronicle posted an article called Senate Democrats pushing for more rebates, basically planning to add perks for veterans and Seniors to the stimulus bill. The democrats feel as if Seniors and veterans have been singled out and want to increase rebates for them as well which would pump the economy up to $193 billion in a two-year time frame.

I think that it is wonderful that we are focusing on bringing the economy up. But it is going increase the national debt that has been raised four times in the past five years. We have too many people in office trying to help those in need. But why send the country into a bigger deficit? Why not knock out two birds with one stone and hit the ones singled out a few years from now.

This article is very important, regardless how much money you make, if the countires deficit keeps increasing, what do you think will happen to you, or the life style that you live in? Maybe if the country did not try to purpose so many things at a time. The national debt might not be as high as it is now. It is good to bring to economy up, but also watch the consequence that may come from borrowing all that money. Take it one day a time and focus on a certain group. If we try to do too much at once we are going to put ourselves in a bigger whole then what were already in.

This article was posted on January 31, 2008, 10:49 pm, from the Houston Chronicle. You find it under the Mainstream Newspapers links or you can hit the following link that will take you directly to it.

http://www.chron.com/disp/story.mpl/politics/5504302.html