Regent University School of Udnergraduate Studies

Monday, July 20, 2009

I just started reading "Common Sense" by Glenn Beck who plainly puts into words and numbers the real economic mess we are making for ourselves.

At a time where the current administration is trying to get Congress to approve a $1,500,000,000,000 health care plan and already $8,500,000,000,000 spent towards bailout money, how can we possibly afford more of this type of spending? It has been reported that we are in over $11,000,000,000,000 in debt and the number just keeps growing. Neither Republican nor Democrats have come up with a reasonable plan to pay off this amount of debt including all interest that will be accrued, yet we continue on a path of spending spree that does not seem to help with the economy.

At what point does our government decide enough is enough? And what point does it become acceptable to let private entities fail when they are not doing a sufficient job in keeping their noses clean? How can any entity, whether government or a business, run at a deficit without proper means to repay what is being owed? The numbers are staggering, and seeing where all this debt will lead us to is down right frightening.

Glenn Beck couldn't have made better sense by entitling his book Common Sense....

Reblog this post [with Zemanta]

No comments:

The publisher/owner of this website, Katrina Flores, is solely responsible for decisions regarding site content. The views expressed herein are not necessarily those of Regent University and Regent University assumes no liability for any material appearing herein.