Saturday, March 3, 2012

Wasteful Government Spending Abounds.

  Just when you thought our government was done wasting the hard working American people's tax payer money the government is at it again.. This time the government guaranteed a 400 billion dollar loan to the Abound solar company.This makes the third or fourth such loan the government has made in the interest in investing in green energy to tell you the truth,  I have lost count but I think this is the fourth solar company to receive a  government guaranteed loan.This same company just announced that they would be laying off 181 of their workers because things aren't  going so well. I think it is only a matter of time before the Abound Solar company joins Solyndra in declaring bankruptcy.
  Fannie Mae and Freddie Mac,  are also in trouble again and they are asking the American tax payer to fork over another 600 billion dollars so that they can stay in operation. The government has now given the troubled mortgage company nearly 100 billion dollars in the last eighteen months and it seems that wasteful government spending is never ending. I just heard on the news that by the middle of April gas will be 4.25 a gallon at least where I live. Gas may also go up because of the great damage that has been done because of the many tornadoes that have pounded states  like Kentucky, Indiana, Ohio, Illinois, Georgia, and Tennessee. You know it will cost these states millions of tax payer dollars to  clean up all of the massive property damages left from these storms and to  make matters worse now gas prices will go up even more.
  Americans,  better wake up there  is a severe economic tornado in the form of our nation"s   now 16 trillion dollar national debt and if our nation"s  debt remains out of control with now end to wasteful government spending in sight when this economic cloud finally touches down our nation may be totally wiped out! as always, my friends, these thoughts remain, just some words, to think on.

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