Friday, February 06, 2009

That's What She Said

http://www.youtube.com/watch?v=fVl2nqjLVeA

According to The Speaker of The House, "500 million Americans lose their job every single month we don't have an economic stimulus package."...In the words of Michael Scott, "That's what she said." If I'm remembering correctly, the entire U.S. workforce is about 140 million people. So, we're talking about in one month from now, there will be negative 360 million workers in America. I'm not a historian, but that's much worse than the Great Depression. To put this into perspective, this would mean if every person in the world were employed right now, they will be unemployed by the end of the year. Still don't get it? According to Nancy, 11,000 people per second will lose their job, 660,000 per minute, etc., until we pass this stimulus package. OK, so she obviously meant to say 500,000 rather than 500 million, but still, it seems as if they are in a bit of a rush for some reason.

A lot of people wonder where this money comes from. Well, it comes out of the general budget, but there wasn’t any extra money in the budget, so they’re going to have to borrow money. They do that by selling Treasury bills, notes, and bonds. Essentially, the whole country is taking out a loan and passing it out to us individuals to get us through what they hope is a short rough patch. Our children will be paying for it. In the end, this money will just be tacked on to the national debt, which is a shame because that debt will come back to bite us some day.

All we can do is have faith and know that it is all in God's hands.

1 comment:

Anonymous said...

First generation of Cuban American
a possible ticket to the White House,you really know your politics
Go Albert!