Club Chaos Agents - All Things Hollish, Wacked, and Jacked

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I solved the deficit !!! Do you think you can???

crumbling economy

 

 

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

 

 

 

US National Debt is a burden

 

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

 

 

 

the band-aid theory

 

I wrote this post over a week ago....

Do you know where your MONEY is going? QE II - Quantitative Easing

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 ...

The Tribe has SPOKEN...... The Home Buyers tax credit is like crack

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.

A New Bill to FINE Politicians for non-performance !!!!! Can it be so true???

 

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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Copyright © 2011 by Jeff Belonger of Infinity Home Mortgage Company, Inc

Comment balloon 5 commentsJeff Belonger • November 24 2010 04:38PM

Comments

Have a happy Thanksgiving Jeff.

Bill

Posted by William J. Archambault, Jr. (The Real Estate Investment Institute ) over 9 years ago

I dont have an answer for ya Jeff.  I have heard on the news that the economy has improved however I do not put much stock in the national news unless it is FOX reporting....What I do know is that I have a seen our local economy remain stable here in Southwest Louisiana and our unemployment is down...some of the new industrial expansions are helping and employing residents.  I pay attention to this with relocation and see new residents moving in with jobs.

Hope you Have a Happy Thanksgiving!

 

Posted by Marilyn Boudreaux, Lake Charles LA Century 21 Realtor (Marilyn Boudreaux, Century 21 Bono Realty) over 9 years ago

Hi Jeff: some posts are a like a lukearm cup of coffee, others are a chilled beer on a hot day, but your posts are like 3 hours at the bar on Thanksgiving Eve:. Wow! Too much and I'll have a headache in the morning. You must be the most prolific writer ever. I'll come back tomorrow and try to digest all this....but you know I come to you for the very best in financial information, so please keep it up. I just need it all 'splained in short, simple sentences.

Happy Turkey Day.

Posted by Leslie Ebersole, I help brokers build businesses they love. (Swanepoel T3 Group) over 9 years ago

 

BILL... . wishing you and Brenda a Happy Thanksgiving...

MARILYN.... . I have been sick of the news for years now, when regarding our economy and the real estate market. So many times, it's misleading. Sure, there are signs that the economy is getting better,.. but why?  How?  All they say is that more people are spending.. wow, really, with 1 month to go before Christmas. Yet unemployment is still over 9.5%, homes still being foreclosed upon, small businesses struggling and closing up... my point? which part is getting better? You never see or hear the details. Maybe just talk to keep consumers confidence up. In regards to your comment, that locally it's stable.. that is a good thing. And wishing you and your family a happy thanksgiving..

LESLIE.... . hhhmmm.. not sure if that is a compliment or not.. lol... because anyone at the bar for 3 hours on Turkey day might be lonely..  seriously though, I think I know where you are going with it...overall, thank you very much for the kind words... I was hoping that this one got more traction, but it is kind of boring. I just wanted to bring some awareness to what kind of news I am hearing, and that we need to be careful and prepared.  And wishing you and your family a happy Thanksgiving..

 

Posted by Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans ( Social Media - Infinity Home Mortgage Company, Inc) over 9 years ago

Oh dear, what I wrote sounds terrible. I had just been on the phone with with a friend reminsicing about our misspent youth -- Thanksgiving Eve is the biggest bar night in downtown Chicago -- tons of fun whether you imbibe or not. It was about being fuzzy the next day after way too much fun and carousing....sort of like your post, which is excellent....Jeff, you are a wonderful writer and I learn something everytime I click on here.

Posted by Leslie Ebersole, I help brokers build businesses they love. (Swanepoel T3 Group) about 9 years ago

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