Sunday, February 15, 2009

Assignment #3 M. Thrift

Madison Powers wrote Trade-Offs In the Stimulus Package for the CQ Today Online News on Febuary 4, 2009.

In the article, Powers discusses some major trade-offs involved with the new economic stimulus plan. He goes in to great detail about the plan, and explains things very well. Many people are hoping that expanding infrastructure and by encouraging the American People to spend money, the economy will be stimulated and start on the road to recovery. While the economy is not in as bad of a situation as it was with the Great Depression, America could see another Depression if something is not done to fix the economy. But people must realize that the economic problems in this country will not be solved overnight.

A big concern that many people have is if the plan will really work. Some people say that it's a terrible idea for America to borrow money when it is already in debt. Other people say that if the American People are given money (estiamted at an extra $13 a week) then they might not spend it,and that would cause a lot of problems. While those concerns are legitimate, it is important to be optimistic and not give up on the plan before it has even been put in to action.