Quote:
Originally Posted by Trey_P-I_47
gas prices are just getting too ridiculous.....i really wish there was something to do to get it back down. i dont want to be paying $5 by the end of summer for a gallon of gas
|
There was something about this on the radio earlier today that (if true) ties in with the fact that we are currently trillions of $ i debt.
(Don't know how true this is, but...)
Since the nation is in so much debt, the gov't borrows money from various sources (govt issued bonds for example) and other rich countries (like Dubai).
They related it to the following scenario:
When you borrow money from your mother-in-law and your mother-in-law asks you to stay at your place for 3 months, you obviously don't say 'no' even though you might really want to.
If we are borrowing all this money from countries like Dubai, the Pres. wouldn't open up the reserves that we have to lower the gas prices ... since Dubai makes most of their money with petroleum and things like that.
I don't believe the 'stimulus' checks are going to do anything for the recession. Most of the money is going to buy gas (which doesn't help our country, but all those others that we get it from) and to pay down debts since people have been using their cards more than ever w/ the gas/food prices lately.