National Debt Relief Initiative
By promising a step-by-step plan for bailing this country’s economy out of recession, President Barak Obama has given some the misconception that there would be monies directed to individuals as a rescue from personal debt. The reality is that there never were any funds earmarked for this purpose and all the large dispersions of funds are going toward social programs such as Medicaid and large infrastructure spending on maintenance of roadways, etc. The end result for the common family is an overall increase in taxes, and a lending environment where lending is virtually non-existent. Read the rest of this entry »
