Got Funds?
Posted by: jettikkalayil in Uncategorized, news, tags: bailout, conference, debt, funds, pressAll the candidates’ representatives talked about their policies on the issue of energy including American independence from foreign oil, improving transportation technology, cleaner alternative fuels, and energy efficiencies. Funding of these policies were only brushed upon during our mock press conference. No in-depth information was given by any of the representatives on how the federal government will be able to fund their respective ideas and policies. Even after the financial debacle, it seems that the federal government still knows how to spend money, and a clear example of their spendthrift personality is the federal governments ‘double-edged sword’ bailout plan of $700 billon to buy up troubled mortgage investments previously held by fallen insurance giants and banks such as American International Group (AIG).
After all this where will the government leech from to fund its energy policies? Should I remind you about our national debt? According to the national debt counter, United States’ deficit is a fourteen digit figure, over $10 trillion. According to Associated Press, The $700 billion government bailout could send the national debt to more than $11 trillion.
Now I ask all the representatives, after hearing this how will their candidates fund their energy policies without drastically increasing the national debt. Got Funds?