Friday, January 15, 2010

The U.S.A's Money Crisis

As you know the united states is in a recession.The government and our new president Barack Obama,is doing everything they to get the united states of America out of the recession. How is this possible when USA owes money to a lot of countries and china owns most of the buildings and landscapes that are in the USA?.For example china owns our greatly famous Empire state building.You think you may know everything about the recession,but I am about to tell you something you may or may not know.To bring in the New year,2010,the government plans to spend 17% of money on health,15% on pensions,14% on education,and have a remainder of 28%.

You probably might be thinking ,whats bad about that?Well you just don't know the total expenditure.In 2008, the government spent about 5,000 billion dollars,in 2009 the government spent about 6,000 billion dollars.In 2010 the government plans to spend a little less than 6,000 billion dollars.It`s like each year the total expenditure go`s up , and up, then down a little .

"I don`t like the money in the U.S that is and will be spent"James Harris points out.
"Big banks should donate their bonuses to help build jobs" Michelle Harris says
And that's true ,banks should donate their bonuses to build jobs and for other reasonable causes.Banks have up to millions of dollars that are bonuses.This whole article was just to Tell people about the United States recession.For more information go to usgovernmentspending.com.

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