Monday, October 6, 2008

our economy sux these days

ok so whats going on with our economy these days . well first it was the war, and the more stuff started to crumble , like they say when it rains it pours. so as far as were aware the US government is about 13 trillion dollars in debt , thats rediculous amount of money. Then the stock market crashes by almost 800 points thats huge ! thats history right there that just doesnt hppen then it had about 400 point increase also the biggest increase in stock maket history , but guess wat the people and bussiness in this country are still in trouble , bussiness owners are going bankrupt the biggest banks are being bought out by other companies , the banks wont give out loans or at least not as many as they used to because now they dont have so much mobey to back up their investments . so then the government came up with the bail out plan which is 740 billion dollars in tax money that will  be taken and put back into society to rebuild those bussineses.  and help those banks out that are struggling , sounds great except at first they didnt pass it but now the deal is that for the next year or so the taxes are oing to get higher , so per every avarage family their taxes are going to be raised in addition to what we already pay there will be an addition of about 22oo dollars a year , this money will go to the bai out plan . thats great im all about saving a country , but its not really fair for our generation and maybe the next one because were going to be the ones paying all this money back , we werent the once that messed up the economy and it didnt crash by itself , the government figured they were doing great and started throwing money a round like it was just paper , opening huge bussyneses rebuilding other countries , and giving out huge loans , and now were alll in a pickle because were in so much debt . sooo lets just see what hapens hopefully it will all go back to nomal or at least just get better .  

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