4/13/2011

Obama = Hypocrite

HYPOCRITE: A person who professes beliefs and opinions that he or she does not hold in order to conceal his or her feelings or motives. Hypocrisy is thus a kind of lie.

The Presidnt must really think the American people are just a bunch of idiots who don't understand basic economics. If you spend more than you make you go into debt. If you spend less than you make you have a surplus. Obama's actions are so contrary from what he says it is ludicrious to think he actually believes it himself.

In his first two years in office, President Obama has racked up over $2 trillion in debt making our national debt over $14 trillion! Last week when the Democrats and Republican agreed on $39 billion in spending cuts is just a fraction of the overall budget. In fact, our nation borrowed over $50 billion in the time to negotiate the cuts! If that isn't enough to boggle your mind President Obama plans to borrow another trillion dollars to get us through the rest of the government's current fiscal year!

With that said, President Obama goes on television tonight and says this:
"We have to live within our means, we have to reduce our deficit, and we have to get back on the path that will allow us to pay down our debt."

H-Y-P-O-C-R-I-T-E. Do as I say, not as I do right? Is anyone really taking him seriously? What a joke.

4/08/2011

Government Shutdown 2011

President Obama hasn't had a budget passed since 2009. If you read my last post you would have learned that keeping and staying on a balanced budget is a common sense principle of living within your means, not overspending, and getting out of debt. Something our lawmakers seem to think is not important. Now the country is faced with a pending government shutdown if an agreement cannot be made by midnight tonight.

What does this mean? Well, I read an article on examiner.com saying that 800,000 federal non-essential federal employees won't get paid. My first thought was non-essential employees? If they are non-essential, why do we even have them in the first place?

That sounds like a good spot to start making cuts in the budget and the scope and size of our government.

4/05/2011

Getting Out of Debt - My Personal Experience

I've had a credit card since I was seventeen years old. I loved the idea of buying something now and paying for it later. By the time I was approaching twenty years old I had three or four credit cards and the interest on them was ridiculous, and it was getting difficult for me to even make the minimum payments. Something needed to change. I either needed to make more money to suit my lifestyle or I needed to change my lifestyle and stop using my credit cards and cut the amount I was spending.

I had a pretty good job managing a local restaurant, but wasn't really in a position to increase my income...the thrift store to eBay sales just wasn't cutting it. My lifestyle needed to change. I stopped using my credit cards and paid them off, but didn't really change my lifestyle. A few years later I was back in over my head in credit card debt. Then I found Dave Ramsey. He gave me a Total Money Makeover and common sense principles to get out of debt. It has changed my lifestyle.
  • I didn't just stop using my credit cards this time, I cancelled them.
  • I created a budget and assigned each potential dollar earned a name. In other words, a balanced budget.
  • I now deal in cash only. Saved up a baby emergency fund and have started paying off debts smallest to largest. I am still in this step.
Even though I'm not out of debt yet, I wanted to point out that I made drastic changes by cutting things out of my life that were needless, only spent what I made or less than I made (i.e. living within my means), and kept and stayed on a budget. These are some of the common sense principles I'm doing in my life to get out of debt.

Now let's talk about these ding dongs in Congress running our country, whom also control out tax dollars and how it's spent. You would think they use some of these same common sense principles starting with balancing the budget. But when the housing bubble burst and the recession took hold we were told that we had to spend money to make money (Joe Biden) and this administration has continued to spend more money than the tax revenues are brining in...in the trillions of dollars. The debt ceiling (the amount of money our government can borrow) keeps getting raised and we're borrowing more and more money where sooner or later we aren't even going to be able to afford the interest payments on these loans.

Drastic changes need to be made. First and foremost, we need a balanced budget ammendment in our Constitution. This will allow we only spend the amount of the projected income the government receives through tax revenue. Second, needless government programs need to be eliminated or drastically cut. Government employees salay should be capped with the average American household. They also need to contribute more to their health care plans and savings accounts/pensions. Third, like we did in the 20's we need to cut spending drastically in upwards of 50% spending cuts in the budget.

Doing something like this will hurt, but needs to be done. We need to get our country back on track.
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