What if your finances were run like the federal governments? Living above your means‼️

I stumbled on this while searching budget issues. I don’t know who created it, but it sure put things in perspective.

6 comments

    1. Not the same but still prudently and responsibly and paying for what you want, except during time of national emergency and then temporarily.

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      1. One difference being that the federal government can much more readily live within its means by increasing it’s income. Not so much for those below the median.

        New CBO report: The poorest *half* of America — ~150 million people — hold only *2 percent* of the country’s total wealth…

        Blink and you’ll miss it, that tiny line at the bottom.
        https://pbs.twimg.com/media/FdwXe9dWYAAmb_1?format=jpg&name=small

        “…These are people who pay no income tax…”[M]y job is is not to worry about those people. I’ll never convince them they should take personal responsibility and care for their lives.” Mitt Romney

        Those who call for living within ones means should look at this graphic. The top fifty percent earn almost 90 percent of total income and holds 98 percent of the wealth. That’s where the money is.

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  1. I wish those who call for expanding already underfunded entitlement programs and adding new ones would look at this simple graphic first!

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  2. WHAT IF YOUR FINANCES WERE RUN LIKE THE FEDERAL GOVERNMENTS?

    I think the question is whether or not the government’s irresponsible spending is like the voter’s spending or is the voter’s irresponsible spending like the government’s? What came first? Voters buying large fancy homes they can’t afford on top of their unaffordable student debt or did Congress buy votes by just giving the voters what they wanted with easy FHA and student loans? Is Congress giving the voters an example of how to live their lives or did the taxpayers tell the government how they wanted to like their lives? I do suspect that it is all special interest groups and is neither Congress or the voter.

    Also there are mixed messages on retirement. Secure Act 2.0 is going to “help” workers save for retirement while making it easy to take out the money for “emergencies”. Meanwhile Social Security is going broke and will have to reduce benefits around 2034 but Congress keeps increasing payouts from the fund because people deserve these benefits. Why save if Congress is going to ensure Social Security is your retirement fund?

    What happen to the federal government debt ceiling limit. Will that ever come back? How long before Congress mandates that consumers have unlimited credit? Does anybody know the word NO anymore?

    Liked by 1 person

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