Blog Stage Eight

You talk about the economic recession finally being announced as official, and you predict that it will not end soon. I have personally seen the effects of economic recession in my own life, and I concur with your assessment. Money is tight for everyone, and many prices are sky high at the moment. I didn't know how drastic all of the job losses were until I read your article. I am shocked and worried as well. But even with all of these bailout plans, and these stimulus plans, I am still concerned about something that has always somewhat puzzled me. How on earth is spending more money going to get us out of the depression? Yes, it helps us right now. But what about years later? What about when our children are the ones who are the people in office, dealing with all of the debt that we've accumulated. The United States is so much in debt, it's not even funny. We're so in debt, we have to auction off our debt, have other countries/organizations pay our debts for us, which we will pay at a later time, but with interest. And so the debt continues. If Obama does indeed plan to spend 200 BILLION dollars on a stimulus plan, will it be worth it? I can't help but wonder if there's just some other way! I'm no expert on economics or recessions or depressions or stimulus plans. All I know is that in my mind, spending more money only sounds like it won't help us, at least in the long run.