beyond $1 Trillion. Last year our deficit was around $200 Billion. But due
to the Stimulus Package, our deficit now exceeds $1 Trillion.
I agree with the idea of Paul Krugman on behalf of jump starting the economy
again. In a recession the flow of cash is slow, the circulation of currency is
vital for the everyday interaction of buying and selling. To increase the
circulation, Paul Krugman believes, government must pour money into
industries for the good of all human beings. For example, the Obama
administration is focusing a good chunk of money on areas such as
environment, energy efficiency, education, and OF COURSE HEALTH CARE.
This sort of stimulus will not only jump start the flow of currency, but
improve humanity as well.
However, this sort of Stimulus Package does not always work. I believe it’s the
right thing to do. But as you can read from the article, we have a deficit over
$1 Trillion. And this is historical regarding the amount of deficit we had. A lot
goes through my mind. I worry how much of that money will actually be used
for the industries chosen. Politics, government, and the US is known for PORK.
There is going to be PORK. I just hope it will be small enough. What if the
research and investment in the industries meet a DEAD END. What will the
USA become? How will a nation of a deficit of $1 Trillion look like?
I know the USA is not perfect. But I consider this place to be a nice match for
me. I want to become a vital part in the US, and New York. And I wish to have
this desire for a long time, 5~7 years. If the Stimulus Package doesn’t help the
flow of currency and investments in the industries come to a DEAD END, the
USA will be a debtor among countries. The image and value of USA will
drop, and more opportunities will be limited as a citizen of USA.
Paul Krugman is asking Obama for another GIANT STIMULUS PACKAGE
similar to the size of the first one. As long as we are committed to this plan,
Let’s Do It Right.
8.375% The emotions I feel right now is similar to the feeling I get when
I’m down $100 in a casino. The desire to leave this casino as a winner is so
strong, and I make a reasonable plan to regain my money. I could be a
genius and come up with the brightest idea (~Stimilus Package) on how to
get my money back. But no plan is perfect. It’s likely that this plan will
work, but what if it doesn’t? I’ll be exiting the casino as a bigger loser.
Good Luck Paul Krugman and Obama, I’m trusting on you two for the
better of the Global Economy