Save For A Rainy Day
It’s Basic Finance, Really!!
The American people understand the 2 most basic financial rules because we live with it everyday:
1) do not spend more money than you make and
2) create an emergency fund, save for a rainy day.
Americans understand basic finance. If you overspend you will go into debt and debt is a curse; if you accumulate too much debt you could go into bankruptcy. If you don’t have an emergency money fund when an emergency arises, no one will be there to bail you out. If these financial concepts are so basic then why doesn’t the government get it?
Why Is The Government So Stupid?
Could it be that sometimes government plays stupid? After all how dumb could Mr Obama and the Congress be to not understand that the mountain of debt they keep piling onto this country will eventually bankrupt us? And where is their emergency fund, where are their reserves? Oh yeah, the tax payers are the governments emergency fund. These politicians aren’t as stupid as they would have us believe. They know where there money comes from when they over spend…it comes from tax dollars. They just have to raise your taxes over and over and over again. Debt, what debt, we don’t have to worry about our debt, we have the American tax payers to pay for it all…more like the Sucker American tax payers.
Just Keep On Spending Our Money
We all understand that the Obama administration has gone too far with it’s entitlements. Obama & Congress get to pass the legislation that create the entitlements and we the American tax payers get to fund them. When these brilliant politicians passed Obamacare do you really think they had the reserves to pay for it??? The latest estimates show that Obamacare will cost American tax payers over 2 trillion dollars; the government does not have a rainy day fund of $2 trillion.
Shhh, Don’t Talk About It
The one budget item that rarely gets labeled as an entitlement thus never gets discussed is pension benefits for government employees. There are over 20 million government workers; statistics show that these pension liabilities will cost us over $1 trillion. The government has to get the money from somewhere to pay for these liabilities; they will be coming to you. They will just raise your taxes, it’s that simple.
Don’t Check Out America
Yes these figures are daunting; but don’t check out because they seem so unrealistic because they are not unrealistic, they are real numbers. Mr Obama and his administration’s run away spending has put America deeper in debt than many Americans can comprehend, so they check out. That is exactly what politicians want us to do; they want us to become paralyzed by the size of it all. Obama has put America trillions of dollars into debt and he’s not done yet; that’s what is so frightening.