Apparently the federal government and politicians have never heard the following quote:
“Give a man a fish; you have fed him for today. Teach a man to fish; and you have fed him for a lifetime”—Author unknown
Or perhaps they have and wish to continue to have the population needing government support to live.
I felt it necessary to revise this today, Jan 2, 2009. It is very clear their plan failed. Yet the elected officials ignored the public and continued to give money to criminally inefficient businesses most owned by them and their bed buddies.
According to another article in February 2008, the US Commerce Department announced the rate of savings in the United States was a negative 1%. This means that more savings is being taken out than are being put in for the future. Click on US Commerce Department to see their graph.
Credit Card usage is partially to blame according to the same article. Click on Credit Card to see an expose on this problem.
Giving Billions of dollars to the public may make a few people’s day a bit better but it will not change their life long habits of failing to save and failing to plan for their future.