News just came out that the national Debt will grow by two trillion dollars more than the white house expected in the next ten years, it was projected to grow my 7 trillion but not they project 9. My response, “ohh only two trillion more, wait roughly 15% of the GDP of the ENTIRE AMERICAN ECONOMY in a single year, now realized after a minor accounting error, talk about a budget out of control… WHAAHAHHH!”

The kicker is the white house didn’t even expect this. Their reckless spending has reckless spending of its own, and that spending had children. The white house is spending faster than the American people can produce. If this continues for another 3 years Americans will be eating pinecones to survive, and paying 98% of their paychecks to the govt. to pay off their debt. I don’t know about you but I don’t like pinecones. Where did that two trillion go anyway, into thin air, ejected into space, how do you not account for TWO TRILLION dollars.

Forget a housing crisis, and sub prime mortgages, Americans are in a serious spending crisis. The president that got elected because people thought he could fix the economy has “changed” things. Instead of worrying about the economy, the most popular excuse in America right now, we will worry about survival as a country. Our currency will face something like the German Deutschmark after World War one. Where a wheelbarrow full of cash = one loaf of bread. People will be migrating to Canada and Mexico. Our illegal immigration problem will be the only thing solved.
Don’t even think about paying the interest on that debt.

The best financial advisors will tell you to get out of debt. That is the first step to financial freedom and wealth building. Why at a time like this would any intelligent person decide to spend even more than the country has? A country moving backward, becomes more enslaved to debt, it is our very freedom at risk. This spending is on the account of the American citizens freedom.

What this means for our economy
We as Americans have to act! We can no longer sit and hope, we have to act. Write letters to our congressmen, get involved in this crap no matter how much we prefer not to. Like it or not this is our problem, deal with it now, before it gets worse. Get creative, think, America, Lady Liberty is in distress. Something must be done now! Protect our country from a domestic Enemy, America make a sound.

Big Government + Universal Health (insurance) = Efficiency (Not!)

“Barak Obama wants universal health care, health care for the entire universe, isn’t that a little much for the American tax payer?” -SNL

There is a reason Americans across the country are incensed, at this proposition. Comedy aside, Americans are having enough trouble trying to make ends meet, forget getting ahead. Obama’s proposed health care (actually govt. insurance) would be the dagger in the heart of a hurting America. California is at the point of desperation, because of their careless spending.
This reminds me of a quote from J.R.R. Tolkien’s Lord of the Rings; “The quest now stands on the edge of a knife Stray just a little and it will fail.”
We can make it out of this, if we can get the federal government to stop spending money that we don’t have. We the American taxpayers are all in serious debt, and the feds are looking to increase it. Look at the widgets on this site to see for yourself.

When you find yourself in debt, would you be more conservative in your spending, and pinch every penny in order to get yourself out of it? Or would you keep spending, or spend more because the debt seemed un-payable? This is a mentality of our federal government at the moment.


Spending who’s hard earned money?
Don’t buy into the idea of the “Government’s money.” It all comes from the American taxpayer, and the debt is our liability. This is our hard earned dollars, not magic cash from somewhere over the rainbow. Where is consumer protection, or children’s rights? The debt is a burden that will be passed down to the coming generations. Do tomorrow’s children have the right, not to be born indebted for what our generation was careless on spending?

What does this mean for our economy?
In a world obsessed with being green, and leaving our world healthy for its children of the future, the old green dollar is being abused. Will there be any wealth left in American two generations from now? Anything left for your grandchildren to inherit? Or will they be inheriting a liability, born into debt? These are the unfortunate truths we have to face in this day and age. The choice: to be frugal and fruitful, or failed and in fear of the future.

I apologize if this post seems harsh, reality sometimes is.

Income Distribution (Young, Old)

This seemingly fancy term is misconstrued often these days. Not to be confused with distribution of wealth. The distribution of income is just this: Some people earn a higher salary than others who make less. When you hear distribution of income it is usually involved in some discussion about how the rich make “so much more money” than the rest of us. It sounds intelligent and is used to persuade those who don’t know the ins and outs of the term. It is part of the argument that makes Americans feel entitled to that money the rich have.

The economic Truth is this; the difference in the distribution of income is not the rich vs. the poor. Instead it is the older vs. the younger Americans. An example is this a person working in his/her 40’s has had at least 20 years more experience, education, or training than a 20 year old. With this experience, education, or training they are more skilled laborers, and should be compensated thusly. This same worker in their 40’s has had years to develop clientele, gain understanding of their field, and develop a network.

The “rich” and the “poor” are very often referred to, as they are different people. This is true for some, but the majority of Americans in the bottom 20% of the income bracket are the same to be in the very top bracket within the next 16 years. This is accounted for largely by students, and those developing skills as previously mentioned. It is not uncommon for most Americans in the top 5% to be 45 years old and up. It the year 2000 those households in the top 20% worked twice as much as those in the bottom 20%, which primarily indicates both mom and dad work among those in the top 20%. (information from the U.S. census)

What this means for being Economically Sound

Do not be deceived by the media or politicians who talk about the distribution of income to be an emotionally charged argument against a class system. This is America; the difference in income is actually the young and the old. So when they talk about taking all that extra money away from the rich and giving it to the poor. They are talking about your retirement, taking money away from mom and dad and giving it to their college kid. Weird when put in context, like lies usually are. This economic fallacy has been exposed and brought into the light, the hip-hop light. Therefore be economically sound, and don’t be persuaded by this distribution of income argument.