Alert - I know some of you hate doom and gloom. This is not to be a negative post, but a awake up call and I will explain later why I make this statement.
Do many of you even know how the government or where the government spends our hard earned tax dollars?
How Congress spends your money - Click here for some sad news & the 13 + Trillion dollar deficit
Pssssss - We are only 200 million dollars away to going to 14 trillion dollars in the hole. See the US National Debt Clock
How can we be the solution and not the problem? Did anyone ever see the movie "Dave", with Kevin Kline and Sigourney Weaver. Wow, what an inspiring movie and could truly be inspiring for those young politicians that want a role in Congress or the House of Representatives. There was a scene where Kevin Kline, as the fill-in President, holds a meeting with his staff and makes some major budget cuts. People, I know this is not easy, but I do think it requires some common sense, setting aside ones ego and their hunger for power .
Try this Fun deficit puzzle : Budget Puzzle - You fix the budget
Jeff Belonger's results fixing the budget - My results
I wrote this post over a week ago....
Read it.. the government is spending another 600 billion on US Treasuries. We were so worried about a double dip in inflation, but now there is major fear of deflation. No, not inflation, but deflation.Understand inflation vs deflation - This is a must, in order to understand what could possibly happen.
Food prices seem high right now, right? If there is fear of deflation and the government steps in, where do you think food prices could be in 6 months or so? UP... higher, and that could hurt your wallet.
The band-aide methods must stop or slow down, and let this economy correct itself.
Conclusion : In the last several weeks, I have been hearing reports that the economy is doing better. Some in the real estate industry are making some good money now. Don't let any of this fool you regarding a recovering economy, that it's getting better now. Think of our current economy as a Tsunami. Little waves until the big one hits. We need common sense to step in at times. Are there better numbers now because the holidays are fast approaching and more people are spending, even if they don't have it? Maybe parents want their kids to have a good Christmas? Unemployment was down this week, but maybe less apply during the holidays or maybe a large wave of those that are unemployed fell off the charts when their unemployment was stopped. The overall unemployment number is still very high, over 9.5%, and needs to be below 7.5%.
I wrote this post about a month ago ...
I received this comment by a realtor :
"Our economy is the worst it has been in a 100 years. Since the last tax credit expired what exactly was the financial impact to you (not you specifically Jeff) regarding "our" tax dollars? Here is what I know to be true in my personal wallet: The tax coming out of my pocket, did nothing, caused no financial hardship, my family still went to bed at night and got up in the morning. However, the month the credit expired I had a HUGE month and so did many many Real Estate agents."
This is what I am talking about. You might be making more money, but at whose expense. And in regards to the home buyers tax credit, don't be fooled, it will cost you down the road.
Call-to-Action - Should we hold politicians responsible for their decisions? I think there should be some cause and effect solution. We need to hold those accountable.
Anyhoo... what do you think? What do you say? Opinion? Thoughts? --
ps.. These are just my opinions, some based on facts, others based on common sense.
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