Barack Obama's push for an $819 Billion stimulus has been successfully accepted without a single GOP vote.  The stimulus includes (NY Times):

• Lower Income Taxes for incomes of less than $150k/year
• Food Stamp increases for low income families
• Tax credits of up to $500 for families
• $87 Billion to Medicaid
• $79 Billion States Aid
• $30 Billion for Highway Reconstruction
• Tens of Billions for Transportation, Water, Park, Renovation and more.
• $140 Billion to Education projects
• $43 Billion to increase Unemployment Benefits

There is no doubt, these are all great items, and will be well used within the USA.  Many new jobs will be created, many people will sleep easier. 

There are, however, 2 problems that need to be addressed.  First, the simple fact that the Democrats passed this bill without a single Republican vote shows how powerful the Democrats have become.  They should build a memorial to George Bush, without whom none of this would be possible.

The second problem is a bit more difficult to grasp.  With an estimated $8.5 Trillion bailout already approved for distribution, this additional $819 Billion puts our total at about $9.3 Trillion, almost doubling our National Deficit.  The financial crisis it terrible, and it is gripping the entire world.  Will doubling the US deficit fix this financial crisis?  Of course not, it will simply soften the blow.  Unfortunately, the blow is still coming.

By doubling the National Deficit, these Bailouts are simply pushing the burden on future generations.  Some argue that the USA has absolutely no intention of ever paying off its international debt, so it is irrelevant.  However, a very small portion of our debt is international debt, the vast majority is simply printed money.  This $9.3 Trillion Bailout will simply be printed.  What will that do to the US Dollar?  I shake at the thought.