Okay, when is the government when are we spending the next hundred billion? Maybe the next trillion.  If anyone is a true money geek, they will see that the major spending on mortgage backed securities has lowered interest rates and kept them low. But..... they have gone up since last week, at least by 3/4 of a point. My point on this, is that mortgage interest rates are still very low. Anything in the 5's should be very good, compared to the 6's that we had in 2008.

What about the other spending that has taken place in 2009?  What about the stimulus bill that was rushed into congress and needed to be signed by the President or we would be in an economic catastrophe. And that came directly from President Obama. But wait, what are we in now? Just food for thought.....

What did Shakespeare say at one time - "To have common sense or not to have common sense, that is the question." Okay, well Shakespeare didn't say that one. Maybe I can claim that quote. But seriously, where has our common sense gone? I don't want to claim to be a financial guru or an economist, but will all of this spending get us more in debt in the near future?  My opinion would be yes. Does all of this spending truly help us and our economy?  Aren't we paying for it anyhow, when it comes to taxes?

How about a simple solution that several of us have made the same comments about. How giving each person over the age of 18 a bundle of money. Why not start with $25,000 a person. From my research, using data from 2007, there are approximately 185 million people between the ages of 18 to 65. If we did this, that would equate to about 4.65 trillion dollars in spending. Wow, could that hit a bulls-eye for our economy?  I think it would certainly help.

Conclusion :  Let's try and leave politics out of this discussion. Leaving out the hatred and the poor decision making that has taken place in the last several years, no matter who has made the decisions.  Let's work as one, as a society, and not for profit. So let's take a look at what we have spent.

Since President Bush's stimulus package of 2008, the stimulus package of 2009, and any monies that have been dumped into the economy in the last 12 months, what would that total.  After doing my math, just in 1 year, we have spent about 4 trillion dollars. Now, I could be billions off or so, with all the monies that the Feds keep dumping into the mortgage backed securities. But what do you think?  Do you think if you were given $25,000, that not only could it help you financially, to become more stable, but that you would be able to spend some of it. In which case would help stimulate the economy?  In my honest opinion, I would certainly think so. I wrote about another way to help stimulate the economy when it came to foreclosures. Please read : Should we run our COUNTRY like a business or like a soup kitchen? - Food for thought....

My question to you is, are you scared about our economy?  Did anyone see this interview with Ben Bernanke, about our current economy?  Ben Bernanke's interview on 60 minutes

Overall, it's our money in one form another, right?  Shouldn't we have a say in how we spend it? I was never a big fan of Shakespeare in high school, but he did say this.... "We have seen better days"  My question is, when will we see them again?  Just food for thought. 

This was not to be a doom and gloom post. People are buying homes. Real estate has picked up in many areas. This is a great time to buy if it's been part of your conversation or thought process. My advice, do it now and don't look back.  FHA loans, USDA loans, VA loans, and conventional loans still exist. Just keep this in mind.

- FHA Loans - USDA Loans - VA Loans -

- Energy Efficient Mortgages - 

- Conventional Loans - 203 k loans -

- Mortgages -

Experience & Knowledge at its BEST !!!

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For more information on FHA loans, please go to this link. The FHA Expert

For more information about the 2009 Tax Credit for First Time Homebuyers : 2009 Tax Credit

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags !!!!

Copyright © 2009 by Jeff Belonger