A Thought About U.S. RECESSION

I found this piece of writing in my old notebook. I couldn’t even remember why I reached to the point of having a thought about US Recession.

There is no exact medication or solution for the upcoming US Recession. Though US Recession is not yet certain, the Arroyo Administration is already preparing some stimulus funds to serve as cushion for such impact. They provide tax breaks to impel on investments – and that increases public spending, right? They provide subsidies and discounts – and that means savings for consumers. At times like these, politicians will come into the picture for popularity’s sake. These are what we call short-term solutions. However, such solutions will result to an overstuffed budget deficit which is the negative consequence.

Well, the issue here is we may have these short-term gains but these will lead us to long-term pains.