Government rebates coming to citizens soon.
I read with interest and curiosity this morning that the federal government intends to cut my wife, myself, and daughter a $1,500 check as a means to boost consumer spending, stimulate the economy, and ward off a looming recession. While any unexpected monies are welcome, I think I need the money less than the government.
Maria and I live within our means and don’t live mired in debt; this has been a bedrock principle of our marriage and family, and it results in better sleep at night. We live without the burden of heavy credit card debt weighing us down, as do so many Americans. The federal government, in contrast, is horribly indebted. According to the National Debt Clock, the government owes $9,193,596,347,664.82 as of today. As the estimated population of the United States is 304,169,225, so each citizen's share of this debt is $30,225.27. I would like to put my check towards balancing the government’s books. The government needs it more than my family does.
We all get a bit of cash back from our taxes while the government is a financial basket-case. This seems to me like the very epitome of democratic short-sightedness and collective long-term folly.
Our national debt has continued to increase an average of $1.43 billion per day since September 29, 2006. A huge chunk of this money, to be paid for by our children most likely, has been sunk into the Iraqi desert sands to, at the very best, extremely mixed political outcome.
George W. Bush, thy name is misrule!
Whoever is president next shall have a huge mess to clean up…
President Bush and Treasury Secretary Paulson