Thursday, October 2, 2008

Senate passed the spending bill

I was wrong.  I guess congress found someone to buy the Treasury bonds to pay for 850 billion bill that past the Senate last night.  I don't mind being wrong.  What I do mind is that my children will be paying back the money with interest later.  MY grandchildren will be paying off this debt.

The 850 Billion is not the only debt this country has, Social Security is not doing well.  That program keeps many elderly in a living situation below their standard of living.  But those individuals don't work and some did not save for retirement.  

I hope the Congress does not pass that spending bill.  I know they will.  Especially with the tax cuts that were added.  I guess borrowing money and cutting taxes is just the American way now.

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