What's Happening In Your World
When you borrow money whether it be for a car, a house, or just to pay off some bills, you are expected to pay it back in a timely manner, most of the time with interest. When you borrow, the money comes from a bank, or a payday loan company. Many are in debt these days, and the numbers can seem overwhelming to them. If you think you have a lot of debt, take a look at how much the country owes and you won’t feel as bad! The current national deficit is $16.4 trillion. This number has increased by billions per day. It is hard to imagine having borrowed that much money and still being able to borrow more. Where is the money coming from? Certainly not a small time bank, or even a bank like Bank of America. How are we going to go about stimulating the economy enough so that the debt can begin to be paid off? President Obama is not so much worried about paying the debt off these days as he is about borrowing even more money to keep the growing economy from being sent into a state of financial panic. He signed a bill today that was passed by the Senate that raises the borrowing limit for the government. This will hold off on a default and will delay any argument about the deficit until the end of the year. With the limit temporarily suspended on borrowing, it will allow the government to borrow around $450 billion to pay interests payments and some other repayment obligations it currently has. Don’t you wish you could borrow that much money and keep getting bills signed so that you could borrow even more? President Obama was more concerned with a fiscal cliff fallout than putting the country in more debt than it is already in, however the economy has been coming back slowly but surely, and he doesn’t want that progress to go to waste

Obama Signs Bill To Allow More Debt For U.S., Increasing Deficit by Billions

obama podiumWhen you borrow money whether it be for a car, a house, or just to pay off some bills, you are expected to pay it back in a timely manner, most of the time with interest. When you borrow, the money comes from a bank, or a payday loan company. Many are in debt these days, and the numbers can seem overwhelming to them. If you think you have a lot of debt, take a look at how much the country owes and you won’t feel as bad!

The current national deficit is $16.4 trillion. This number has increased by billions per day. It is hard to imagine having borrowed that much money and still being able to borrow more. Where is the money coming from? Certainly not a small time bank, or even a bank like Bank of America. How are we going to go about stimulating the economy enough so that the debt can begin to be paid off?

Read Original Article At Black Blue Dog

* Email
 First Name
 Last Name
  * = Required Field
 
Email Marketing You Can Trust
* Email
 First Name
 Last Name
  * = Required Field
 
Email Marketing You Can Trust
Get Your Free Copy of the Black American Money Ebook
Get It Now