This is one thing that chaps my hide. I find it ridiculous that military can so easily get credit from companies. I know that they will have a "secure" job for the next couple of years. I guess that is a good reason to stop and give someone credit.
Then don't get me started on Government/Student Loans. It is better to go into massive debt on a house or car or some other big thing. For example if you are $45,000 dollars in student loan debt and you get a good paying job after college. Yeah, you are cruising through life paying them off as you go. Then you lose your job. Oh, wait the bank wants to forecloses on your house, and now the repo man is going to take your car. You are stuck in hard spot. You claim bankruptcy. Guess what that $45,000 loan is still following you like a bad cloud. You can't get rid of it. You can claim bankruptcy 10 times and guess what that federal money you took, you still have to pay back.
The object is to live within your means with what you make right? Why can't our government get that through their heads? Seriously, you would think after 200 + years that we could get something right. But NOOOO! They have to go off and screw it up more so than it already is.
The budget cuts identified in negotiations with Boehner and Obama and others in the White House. From what I can find online, the high side of the reports was $4 trillion ( IN TEN (10) YEARS) that amounts to $400 billion a year. Wow, that is a lot some of you may say. But hold the phone. What's this? This year alone we are running at $1.5 trillion not billion, not million but trillion dollar deficit. Let me put it to you this way. GDP is known as Gross Domestic Product. Google it for more information.
GDP=$14.8 trillion
Debt=$14.5 trillion
% of debt to GDP = 98%
Let's say this another way. You make $100,000 a year <--(Yeah right!) You have debt of $98,000 and this year you will spend $110,135. Seems pretty smart to me to just keep spending. After all this will stimulate more income. ( Or in this case because we keep spending money this will create more jobs, thus create more tax payers, thus creating more government income from taxes.)
Even with the $400 billion per year cuts that is still a deficit of $1.1 Trillion or instead of spending $110,135 you would spend $107,432. Whoop-dee-doo you made no impact on your debt on the contrary not only are you adding to it but you are still paying the interest.
*****NOTE***** These numbers above are actually worse than I mathematically figured because I figured everything from GDP when in actuality we are only getting in $2.4 trillion this year from taxes. And we are still running a $1.5 trillion deficit. So much for shovel ready jobs and $1 trillion in the economic stimulus package. Did any of you get your $600?
I have read three books and I recommend them both. Get them in paper back or your local library. Rich Dad Poor Dad, The Millionaire Next Door, and The Total Money Makeover they are all by different authors. One teaches what an asset is and is not, one teaches a formula if you will on how to build wealth, and the other one teaches you how to get out of debt. They have motivated me to be more involved with what debt I (we) have and how to pay off our debt and motivated me to build wealth. Sorry I stressed you out Heather. I love you!
We as a family have focused on getting out of debt with gazelle intensity. While paying off the house right now is out of the question at least we can pay off our hospital and other similar bills. Credit cards we have gotten rid of five (I think) credit cards this year. Our debt is dwindling.
I today in this year am glad to proudly say we have not put anything on credit since......... we moved from AZ and I left the military in April of 2010.
Wednesday, July 13, 2011
Sunday, July 10, 2011
Who I am
I realize that blogging is a nothing new. I have a facebook account and yet I don't want to say what I feel there. There is to many ramblings I go on each day that I want to just vent about. I don't know but I almost think that my blood pressure is at an unhealthy level.
A little about me.
I have a wonderful family, Heather, Josiah, Noah, Raven, Rebekah, Caleb, and Kora. I am a raving capitalist and more conservative than most. I have a few liberal views of which have to do with living economically. I listen to Rush Limbaugh, Laura Ingraham, Dave Ramsey, and a host of other talk show radio programs. I don't have cable television and I believe that our founding fathers weren't perfect but they had a lot more right than we do now.
Why now. Why with blogging so big why start now when I have resisted so long? The simple answer is I want to become President of the United States. Our current administration, who cares I will say it, Obama as our current Commander in Chief is failing in my opinion. The ridiculousness of our current government position frustrates me to no end. From all of the ridiculousness it has spurned my study of economy, and to ask the question "What is the purpose of government?"
I am sure each and every 2 of you that read this would have your own answer. But for a society of millions of people, "What is the purpose of Government?" I told a friend at work that I wanted to become president and he said what would be your platform. Right now my platform would be live within your means.
Our current spending is out of control. Not my spending but the governments spending. Let me list my disgruntlement.
Obama Not leading
Social Security and the Ponzi scheme it is<-- What I don't understand is that the SEC hasn't condemned the SS Administration as unconstitutional.
Our National Debt <---This link is a treasure trove of research in one shot.
The Wars in Iraq and Afghanistan. The question I have is how grateful are the people of Iraq for the sacrifice from our country. I am sure there are a few but we would be hard pressed to see large communities happy with us being in their country. I am not against the wars. I don't know what I truly feel about us being in war. I mean is what we did the RIGHT thing yes. But at the same time helping my dad with his medical bills is the RIGHT thing to do but I can't afford it. The same is true for Libya and Iraq, at least in my opinion.
Medicare and Medicaid seriously will I ever get to an age where I can use this. I generally lump this with Social Security because of the fact that it is a ponzi scheme. But in general Medicare is solvent until 2029 maybe and Medicaid solvent until 2037 maybe.
What happened to the trust fund money of the Social Security 'extra'? Really there is none left. There is a magic cloud idea that every year the Government has taken in money there has been a surplus of money taken. And we have bought bonds with that money. When in reality the Social Security trust fund has given/lent/loaned money to the Government and was subsequently spent. So in actuality the Government owes Social Security $2.5 Trillion. That is 2,500 Billions to Social Security. Sorry I have been paying to Social "security" for years and I don't feel very secure about it.
Alright that is the end of my ramblings for now. My lovely wife suggested that I save some for later.
A little about me.
I have a wonderful family, Heather, Josiah, Noah, Raven, Rebekah, Caleb, and Kora. I am a raving capitalist and more conservative than most. I have a few liberal views of which have to do with living economically. I listen to Rush Limbaugh, Laura Ingraham, Dave Ramsey, and a host of other talk show radio programs. I don't have cable television and I believe that our founding fathers weren't perfect but they had a lot more right than we do now.
Why now. Why with blogging so big why start now when I have resisted so long? The simple answer is I want to become President of the United States. Our current administration, who cares I will say it, Obama as our current Commander in Chief is failing in my opinion. The ridiculousness of our current government position frustrates me to no end. From all of the ridiculousness it has spurned my study of economy, and to ask the question "What is the purpose of government?"
I am sure each and every 2 of you that read this would have your own answer. But for a society of millions of people, "What is the purpose of Government?" I told a friend at work that I wanted to become president and he said what would be your platform. Right now my platform would be live within your means.
Our current spending is out of control. Not my spending but the governments spending. Let me list my disgruntlement.
Obama Not leading
Social Security and the Ponzi scheme it is<-- What I don't understand is that the SEC hasn't condemned the SS Administration as unconstitutional.
Our National Debt <---This link is a treasure trove of research in one shot.
The Wars in Iraq and Afghanistan. The question I have is how grateful are the people of Iraq for the sacrifice from our country. I am sure there are a few but we would be hard pressed to see large communities happy with us being in their country. I am not against the wars. I don't know what I truly feel about us being in war. I mean is what we did the RIGHT thing yes. But at the same time helping my dad with his medical bills is the RIGHT thing to do but I can't afford it. The same is true for Libya and Iraq, at least in my opinion.
Medicare and Medicaid seriously will I ever get to an age where I can use this. I generally lump this with Social Security because of the fact that it is a ponzi scheme. But in general Medicare is solvent until 2029 maybe and Medicaid solvent until 2037 maybe.
What happened to the trust fund money of the Social Security 'extra'? Really there is none left. There is a magic cloud idea that every year the Government has taken in money there has been a surplus of money taken. And we have bought bonds with that money. When in reality the Social Security trust fund has given/lent/loaned money to the Government and was subsequently spent. So in actuality the Government owes Social Security $2.5 Trillion. That is 2,500 Billions to Social Security. Sorry I have been paying to Social "security" for years and I don't feel very secure about it.
Alright that is the end of my ramblings for now. My lovely wife suggested that I save some for later.
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