Have you filled up the gas tank lately?
If you have then you know it is a pain at the pump for everybody in America. But the real pain is something most middle Americans don't even know about, and I'm not even talking about the 47% of the country that does not pay taxes. No, I'm talking about the people who do pay taxes and work their butts off to make a living.
Like a lot of Americans, I am not a happy camper and I am not happy with the incredible misdirection this country is going in with its spend, spend, spend policies. I'm not sure what its like in your house, but in mine if we can afford something, we can afford something, but we don't have the luxury of printing money by the truckload to spend beyond our means. The main problem is, these spending policies are only going to further weaken our economy.
This afternoon Pres. Obama is to make a speech explaining how we're supposed to get out of this mess - or how it is often described by this current White House - "potential financial Armageddon." In my opinion if there are not significant spending cuts, we're going to see a lot of pressure on the market. Unfortunately I think this speech will probably be long on rhetoric and short on details. That seems to be the style in Washington these days.
Okay I promised you the dirty little secret that Washington doesn't want you to know about and here goes... Continue reading "Washington's dirty little secret they don't want you to know about"