Earlier this evening, I was sitting and watching the news and A Christmas Story. And somehow, the odd combination of channels got me to thinking about something. I started thinking about the economy and what one news reporter said about one bailout after another. And of course while watching A Christmas Story I got to thinking about toys. And so, there was my latest article – a mix of dominoes and a failing economy (though, I’m most likely one of many to have thought of this).
The economy has gotten so bad, that I myself would not be surprised that if things don’t make a drastic turnaround, the country will slide gracefully into a depression.
I remembered about how much debt the government is in already. And then, I remembered about all the recently rescued banks. (Although, I can’t figure out why so many new banks have popped up recently in the town I live in.) Now, three major car dealerships are begging for their turn at the government’s money – or so shall I say taxpayer’s money.
If you can afford to pay handsome salaries that cost more than a house and fly your CEO’s around in private jets, do you really deserve a helping hand?
Of course, a lot of people said ‘no’. So did I. Most of the money that could possibly go to these failing car industries would technically be coming from taxpayer’s money. And many of us are already paying plenty in taxes.
But one lady on TV, made a very valid point: If we don’t help them, a ripple affect will occur. You may not think about it at first, but, actually two ripple affects could occur. If the car industries fail, thousands upon thousands of people will be out of work, maybe even people you know. Another affect that could occur, is that everyone will start asking for a bailout.
Where will the government get the money? Not only will they borrow it, but a lot of it will come from taxpayers.
Sooner or later, funding for other important things will be cut. And some, already have been cut.
The third on the bailout list isn’t exactly a major industry, but is certainly a very important part of our futures: schools.
Right now, thousands of schools are starving for money. Many teachers funds have been cut, where now, many shell out at least $500 a year out of their own pockets to cover classroom expenses. Many teachers have started selling ads on their tests to earn money. And also, many parents are having to buy more supplies for the classroom than for their own children. I also already know that several schools in my area are so poor, much of their equipment and furniture are from the 1970s. Before you know it, government grants for college will start to dwindle in amount and start to disappear.
If the government and us don’t do something about the economy, sooner or later, another major industry will be on the bailout list. And not only that, already many individuals are on the list now, receiving a little bit of help from the government when they can get it.
If the government doesn’t like playing with dominoes, well, they better start liking it – the dominoes are starting to fall very quickly.
Sources: Headline News, CNN, Yahoo! News