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It’s our money

Posted: February 11, 2010 9:35 p.m.
Updated: February 12, 2010 4:55 a.m.
 
Stimulus money was repaid by banks.

Our government insisted, so we lent banks money with interest. Many of the banks have paid off their loans including the interest. Now some of our elected officials are looking at this repayment as a slush fund.

It isn’t the government’s money — it is our money.

Let us say we borrow money to loan to good old Uncle Charley. We are lucky and good old Uncle Charley pays back his loan with interest.

Is this money a gift? No, it is money we borrowed so we can pay off that specific loan and use the interest to reduce our debt.

What some elected officials want us to do is take Uncle Charley’s money and use it to speculate on programs that “they” think can turn our economy around. Meanwhile, the original loan needs to be repaid while interest mounts.

Is there a financial advisor out there for us who is truly bipartisan with no special agenda?  

I pray for this person to find their way to Washington.

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