In case you haven't heard... the government is in the process of putting together a financial recovery package that will put more money back into consumer's hands in order to get the economy going again. One such article was in today's NY Times. It is titled "Fed Chief’s Reassurance Fails to Halt Stock Plunge". I'd rather not bore you with the details, which may put $50 to $100 more dollars a month in some people's hand, and none in others. But I did want to point out a key paragraph in the article.
"Most economists agree that tax rebates are one of the fastest ways to lift consumer spending. They also agree that stimulus measures are most efficient when aimed at low-income or middle-income people, because they are more likely than affluent people to spend any extra money rather than save it."
All certified, or want to be certified nerds can read it for yourself by checking the article out at http://www.nytimes.com/2008/01/18/business/18fed.html?th&emc=th (FYI... the quote is on page 2)
In layman's terms... what they're saying is, "Let's temporarily put more money into the low-to-middle income people's hands. They will get the economy going again because they're not bright enough to figure out why we're putting this extra money in their hands. Because they are always living above their means, they are going to do exactly what we want them to do... spend the extra back into the economy! They love stuff and will continue to spend every bit of money they get their hands on. They will never do what it's going to take to learn how to properly save and invest. And we already know that don't know where their money is going because they never budget. I mean... who really wants the low-to-middle class to learn what it truly means to be financially disciplined? Not us! And most assuredly, not right now!"
My question to you is, "how much longer do we continue to play Boo Boo The Fool???" Better yet... how much longer shall we continue to operate as slaves? Proverbs 22:7 says, "The rich rules over the poor, And the borrower becomes the lender's slave."
Got debt? Then ya got chains!
A great financial resource for breaking the chains is the book, Total Money Makeover by Dave Ramsey. An even better resource is his 13-week personal finance course, Financial Peace University. You can find a class in your local area at www.daveramsey.com.
My fellow Americans... It's time to wake up! It's time to stop buying into the lies! It's time to break the shackles! It's time to "take ownership of our [own] lives and maximize our [individual & collective] potential in order to win back our communities, families, and personal lives!"
--Carlester T. Crumpler
"Most economists agree that tax rebates are one of the fastest ways to lift consumer spending. They also agree that stimulus measures are most efficient when aimed at low-income or middle-income people, because they are more likely than affluent people to spend any extra money rather than save it."
All certified, or want to be certified nerds can read it for yourself by checking the article out at http://www.nytimes.com/2008/01/18/business/18fed.html?th&emc=th (FYI... the quote is on page 2)
In layman's terms... what they're saying is, "Let's temporarily put more money into the low-to-middle income people's hands. They will get the economy going again because they're not bright enough to figure out why we're putting this extra money in their hands. Because they are always living above their means, they are going to do exactly what we want them to do... spend the extra back into the economy! They love stuff and will continue to spend every bit of money they get their hands on. They will never do what it's going to take to learn how to properly save and invest. And we already know that don't know where their money is going because they never budget. I mean... who really wants the low-to-middle class to learn what it truly means to be financially disciplined? Not us! And most assuredly, not right now!"
My question to you is, "how much longer do we continue to play Boo Boo The Fool???" Better yet... how much longer shall we continue to operate as slaves? Proverbs 22:7 says, "The rich rules over the poor, And the borrower becomes the lender's slave."
Got debt? Then ya got chains!
A great financial resource for breaking the chains is the book, Total Money Makeover by Dave Ramsey. An even better resource is his 13-week personal finance course, Financial Peace University. You can find a class in your local area at www.daveramsey.com.
My fellow Americans... It's time to wake up! It's time to stop buying into the lies! It's time to break the shackles! It's time to "take ownership of our [own] lives and maximize our [individual & collective] potential in order to win back our communities, families, and personal lives!"
--Carlester T. Crumpler
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