President Obama's speech to the nation

[jollyman069]

Tonight the United States of America, and the whole world witnessed history, as the first African- American president addressed the congress and the american people. The speech wasnt his greatest ever but i beleive he was trying to calm the people down and leen their fears. Now without bringing any race isues into this thread i would to see what members here at MH thought of his speech.

Personally i am wondering how the gov"t purposes for all these things they want to do is going to be paid for? We are running up national debt at an alarming rate. Many of things the President wants to do need to be done but we also have to have a way to able to pay all this back. Passing it on to our children and grandchildren is not the right thing to do. I know he is saying that they will cut 2 trillion off the debt in the next 10 years, but if they keep spending the way they are, how are the going to cut debt.

So i would like to hear from other members if they are less fearfull, and what you think about the spending they are doing. Again please leave any race issues out of this thread and if you plan on being nothing but nasty about our new President please dont....  thanks

[RockRose]

I am really sick of this.  ENOUGH passing out money to all takers.

[jollyman069]

you are correct thats how people got into debt trouble, hopefully they will have better oversight on these loans...it just scares me they want to do all this gov't spending and they wont or cant tell us how and when the money will be paid back..we are borrowing this money for asia...china..japan and others and the interest on these loans is going up because these countries know they have us by the short hairs as they say

[Angelinthemorning]

I myself am wondering as well how they plan to pay for all this...more taxes??  I hope not.  I did like the ideal of the website, recovery.gov, to show us where our money is being spent.  He said they are going to give out one of the biggest loans ever to help auto loans, small businesses, and college funds.  That sounds good but, I personally am not a big fan of just giving out more and more loans.  Isn't that how people get in trouble in the first place by acquiring too much debt??  Maybe that's too simple-minded of thinking...