Monday, October 22, 2012

Why the economy matters to me and you

Why I'm voting for Romney: the Economy

I'm not a finance wizard, or an economics genius. But I understand one thing: If you spend more than you own, at some point it will come back to bite you.

The government is out of money.
Right now, the government is out of money. China has loaned us a lot of money.  We have all loaned the government a lot of money too.  Why is this a bad thing?  For one, if the government doesn't have enough money, then it can't pay teachers or policemen/women, and it can't pay us (back) when we retire.

Where does your money go?
The government makes money from taxes.  Then it spends money on programs.  As long as it receives taxes, it can pay for programs. Right now, the government is spending more money than it is making.  We have all become accustomed to paying taxes to the government. Have you ever thought to yourself: is the government using my money in the best way possible?  



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