The United States is deep in debt. 9.5 TRILLION dollar and counting. Debts do not come cheap: if you ever had a balance on your credit card, you know that already. Now, to provide the "economic stimulus" our Congress voted 165 billion dollars to be send as tax rebates. Which would be perfectly fine, except that our illustrious leaders did not provide any means of funding it! There will be no corresponding federal spending cuts. There will be no additional foreign trade income. There will be no increase in taxes (obviously, as even the dumbest of dumb will not swallow "let's increase taxes to provide tax rebates" law).
So what will it be? Either the Bureau of Engraving and Printing will print that money (thus increasing inflation and robbing everyone of their buying power), or we will borrow that money (from China and other "friends" that buy our treasury obligations). And that is really smart! Imagine your significant other coming to you and saying "Oh, we do have our credit cards maxed out, but never mind, lets borrow some more to improve our economic situation. We can give them our firstborn as a collateral (as our house has two mortgages already)." *shudder* Yes, firstborn. Who do you think will pay that debt, if not our children?
And therefore I submit: please, do not send out that tax rebates! Or at least find a way to pay for them without increasing our debt anymore!
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