Wednesday, January 25, 2012

Are you better off today than you were $5 trillion ago?

I just have one simple question:

"Are we better off today than we were three years ago?"

There is absolutely no doubt that this current administration "inherited a mess" but it is also true that no problems inherited have been solved.

And there have been very little progress towards solving them, despite adding $5 trillion to our national debt in a very short time period.

One would think that there has been sufficient time, money and effort spent to at least see some progress out of this recession.

But there has been very little, and most of that was claimed by using creative accounting techniques. And by inventing new statistics that are impossible to prove or disprove... like "jobs saved."

Here are some key statistics to help you decide...

The unemployment rate is up. Food stamp use is way up. There are more people living below the poverty level. Our national debt has skyrocketed. The price of a gallon of gas has almost doubled. And we now have inflation that hurts the poor and those living on fixed incomes.

So was it worth it?

Are we getting anything by spending more money than we have, and borrowing 40 cents of every dollar we spend?  Should we continue the very same policies that made every problem we had into a worse problem? Does it make a lot of sense to do four more years of this? I really wouldn't mind so much if the Obama plan was working. But it isn't.

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