Economic wonderings

I am not an economist by any stretch of  the imagination. In fact, until about five years ago I was terrible at balancing my check book.

But I do not understand how raising the debt ceiling can possibly be a good thing. I think that all that would really do is devalue the dollar and encourage more federal spending for the social reform that President Obama wants.

Doesn't raising the debt ceiling essentially mean the government can print up more money to spend? And doesn't that lessen the value of the dollar? And in this rough economy that we have now isn't it more important to make the dollar stronger?

We don't need to create more social programs. We need to reform that system and make it more effective for what it is supposed to do. It is supposed to help those who really need the help and it was supposed to be a short time aid for those who just needed retraining or going to school so that more people could be working and growing our economy.

I know from personal experience there is no incentive to work towards getting off of well fair.I was married for a few years (yes, it is hard to believe) but when my ex had a job, my benefits were drastically cut. We were actually better off financially when she wasn't working. And I know there are many others who are like that.

Personally, I have always thought that after getting a job a person's benefits shouldn't be taken away for 3-6 months so they can become really financially stable.

At the same time, I  don't understand why republicans want to give the rich tax breaks just for being rich. I understand that the principal is that they will use the tax breaks to put back in there businesses. But I highly doubt that is the way it works in reality.

Personally, I think that if the rich are given tax breaks there must be procedures put in place so they have to put that money back into their businesses and incentives for creating more jobs.

In these times I think it is much more important to get people working and growing the economy than just do the same old same old.

Finally, I am not sure that this fits here but I don't think I want to write a whole post about our national debt.

I remember that back in the 80's a huge deal was made of how much the national debt grew under Presidents Reagan and Bush senior. I have heard from two different sources that the national debt under President Obama is higher than all the other Presidents combined. That blows what little mind I have.

Where is the stink over this. Is the liberal media that strong?