Senator Barack Obama on Monday expanded his economic platform, including proposals to spur new jobs, to give Americans penalty-free access to retirement savings to help them through the downturn, to urge a 90-day moratorium on home foreclosures and to lend money to strapped local and state governments.
lend money to the States and Local Governments???
Lend WHAT MONEY? The Federal Government is broke. The United States is over 10 TRILLION dollars in debt. It has NO MONEY So any lending that Obama suggests has to come from one source. AMERICAN CITIZEN TAXPAYERS. And as it always does the Government will not take enough from us at the beginning and will write checks that it can not cover thus growing America’ s debt to 12 Trillion 15 Trillion or more....
The stupid states, ahh CALIFORNIA as a big example, should drill for oil and cut a deal with the oil companies just like Alaska.