Share |How does the BP oil leak in the gulf relate to government spending? Well, if you ask the White House they don't. However, after reading this article the Federal Government is currently stopping a possible solution that would cap the oil leak due to fears that the solution could make the problem worse. Meaning, that if this new cap is placed on the leak and closed off, the pressure that is caused by the new cap could cause another, more hard to contain leak.
This sounds familiar. Back when the financial problems started to happen in this country, the solution was not to cut back on spending (like all America had to do), the federal government said, "No, lets not stop the bleeding of tax money because if we stop spending that might make the problem worse." So they spent more money, tons of money. On the one hand the government claims to want the leak to stop, and yet after days of maneuvering the new cap in place, nothing is said until they are ready to close it off - then the government has concerns. The oil is leaking like crazy, efforts to stop the leak should not be hindered by politicians who know nothing about oil wells or oil containment.
Similarly, if the government wants to fix our financial problems, get out the way, stop the spending and then spend the next few years cleaning up the mess. If BP never caps the well, the oil will continue to leak. If the government doesn't stop spending then the financial problems will only get worse. In both cases the governments wants to the problem to continue to bleed. Maybe you can tell me why that might be?