Many people are in serious debt and with the economy being in such bad shape, they are in big financial trouble. So many people have either lost their job or are in fear of losing it that there is a lot of worried people out there. Additionally, house values have dropped significantly and credit card rates have gone up. America, as well as many other countries in the world, are in the midst of one of the most difficult times they have ever seen.

This is a first had lesson of why it is so important to not live above your means. In our society today, too much emphasis is placed on buying things on credit. It is too easy to get a credit card and people think that it is just fine to buy things before they can really afford them. Our whole society is built on credit and now a lot of bad things are resulting from it

We all know that Obama and the Democrats are going to be giving away money to the so-called poor. That’s what Democrats always do to secure the poor’s vote. The question is how easy is it going to be to get some of the money thrown around by them? It seems so many people are in financial trouble right now and a wide array of people could use a break.

Obama can’t give money to everyone and so choices must be made. Those that don’t qualify are going to be upset as they are in need too and will feel slighted. This is already happening with the mortgages bailout. Not everyone has qualified for government assistance and many people are disturbed. Some homeowners have qualified for lower mortgage rates and some havent which is upsetting to many when they dont understand why.

The stimulus money that Obama and congress passed is all going to come from our taxes. It seems that people think that the government has an unlimited amount of money when in fact they are in debt to us, the people. Many are now trying to see how they can get their hands on some of this money but they dont seem to care that we are all paying the bill. In fact, it might be said that the next generation will have to pay for this and that generation is our children. It is a very sad situation we have gotten ourselves into indeed.

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