Donald Duck's famous tight-fisted Uncle Scrooge is very much in demand in America. Where IS he? He'd quack to death of a heart attack if he saw the Billions and Billions of dollars spent mindlessly, with no thought to exactly what the goal is - some vague goal about keeping the economy going. Even the economists are unable to say if these billions will help jump start the economy.But I use the word "spent" very loosely. For how can you spend when you don't have the money? The Govt. is busy mortgaging our futures, our children's futures, our grandchildren's futures, our great-grandchildren's futures.... and how!
Here is a site that puts the amount of money being "spent" in context with all other major purchases / expenditures the US has had in the past - adjusted for inflation!
Right now, we have nothing to show for that money - it appears to have gone down a drain. Looks like we need Uncle Scrooge to help us clean up this new mess - one of the Govt.'s making!
1 comment:
Right on,… - Uncle scrooge is more needed at the govt as well as corporate level. I am not sure if the example being set here is sending the right message of responsible financial behavior, which is also needed at an individual level.
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