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Why Does the US Act Like it’s Poor?
Government spending is the life support Americans and the economy need to survive, but budget deficits are prioritized.
When the financial sector faced starvation and homelessness a $700 billion stimulus package was approved in a week. Increasing the deficit by an additional $539 billion was worth rescuing the banks from despair but contributing to the deficit to save the lives of millions of Americans is somehow considered less vital. Although the US has been in 78 deficits over 91 years, government spending to minimize the hunger, suicides, evictions, health impacts, and loss of American livelihoods still terrifies many politicians.
Negotiations for a stimulus bill held Americans hostage for eight months. The urgency to rescue the economy wasn’t all that urgent because the millionaires and billionaires (the valued stakeholders) were still making huge dividends. The 5,600 pages of the profit-driven, business-country’s stimulus is a bonanza of bonuses, but not everyone gets a bonus this year. The $42.86 daily ($300 weekly) unemployment benefits don’t cover the cost of living, but at least it’s something and the millions of jobless Americans should be thankful.
While skimming through the unstimulating stimulus details, I wandered over to the White House’s…
