Economic Crisis
Our country is trying to find a way out of this debt, but in my opinion there is no end to it. We will always be in debt. We might not be in great debt, but honestly I see no hope or increase in our huge debt. We have too many people that our alliances but don’t want to help us because we already owe them money. For us to get out of debt we are going to have to use or own resources and stop trading with everyone. This would take time and patience, but in the long run it would help us with all of our money, school, and job problems.
The Treasury Department has sought a way to implement the $700 billion financial plan. They have appointed Neel Kashkari to oversee the troubled people in this world. He will manage the centerpiece of all time for the country. He will be managing one of the most-far reaching government interventions in the economy. During this financial plan they leave out the banks that will not be making it through this upheaval. This $700 billion plan of buying us out of bad debts is likely to save to institution but it is most likely not going to be a major shakeout. Some people are suggesting we hide money under our mattresses other than a bank. That is bad to say, but look at what or world has come to. As the economic crisis is picking up speed they are just now telling us what they are going to do. They should have started a plan when President Reagan was president when the financial problems were going up. The problem was not them facing that we had a financial problems it was the fact that they were not willing to fix them a long time ago.
