The U.S. economy and your family

What should the American people be focusing on for the next five years? I know that five years may be inconceivable at this time, especially with the present economic condition in our nation. However, this is all the reason why people you should be looking ahead.

The national unemployment rate is approaching the double digits and it is slotted to hit these figures by June 2009. Some of the major cities are already in the double digits with their unemployment rate and people are starting to panic.

President Obama is pushing his proposed stimulus package through Congress that can potentially reach 920 billion dollars; which Congress does not seem to be biting on. What financial genius initially thought of the stimulus package? Whoever he is, he ought to be slapped for insulting the American public. This nation can do without quick fixes that only result in patch jobs, but it defers the real issue.

Our government bailouts have only bailed out the large banks and large conglomerates. America has become more vulnerable to the world’s economy and with our present housing market plummeting, we have moved from a crisis to a catastrophe. What has happened to this nation is that it has become dependent upon debt.

For anyone to preach living debt free can easily become a target for ridicule because Congress is pushing people to spend and create more debt. American families should push to lower their debt structure as much as possible and this will help our economy. It may not do anything immediate for the large companies that depended on supply without demand and hired new workers and built new factories based on projections, but it will help your family. The American public should start focusing on three things:

1. Sincerely pray for the nation and your family.
2. Prioritize your needs vs. your desires.
3. Pray for the strength and wisdom to get out of debt and stay out.

Large companies will be forced to realistically budget, just as the small businesses have done for years. The majority of small businesses know how to operate on a shoestring budget and still meet salaries. God has not abandoned America, but America must not abandon God. The United States has on its currency the phrase stamped, ” In God we trust.” America must Trust in God and not in money.