Personal Finance and Money Management

One of the most contravesial topics in the finance industry at the moment is where should the stimulus money going.  The Obama’s stimulus spending topic is a bipartisan issue that has yet to be resolved.  The Republicans would like this money to go towards paying off the deficit but Obama and the Democrats think that small business lending needs to pick up to build a stronger base for the economy.  Where do you think the stimulus spending should go?

The current deficit is at $12 trillion and there is narrow debate that this is extremely high; high to the tune of the most in the history of this country.  With the deficit being so inflated should we, as a country, use stimulus money to pay this down?  Many Americans believe this is the right thing to do but one could try conclusions that this should not have being a concern to the economy is running smoothly.

The economy is definitely not running smoothly as the national unemployment rate is 10% and the housing market is habitually seeing areas of concern.  Tax credits have been credit to help home owners put money in their pockets but this still has not put a bottom in the houisng market in all major cities.  President Obama feels that small business lending is a great way to get the economy back on its feet and running so this is where some of the incitement money should go.

At this point in time, where do you mean the stimulus money should go?  To pay off the deficit? To Small Business Lending?  More tax credits?  Extension of unemployment?  Somewhere else?

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