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Government Fiscal Responsibility

Posted on | November 25, 2008

David Walker our nation’s top “accountant,” the Controller General of the United States, gives an alarming prognostication of the economic peril of our country – he uses the “b” word – that’s right, Bankruptcy.

Listen to David Walker and some of his concerns on this You Tube Video

After hearing Walker’s blunt assessment of our government fiscal irresponsibility – spending more than we have at an unsuitable rate – a couple of questions come to mind. Am I, or anyone that I care about, counting on government sponsored retirement and benefit programs like Social Security or Medicare, or are we preparing as though our financial futures are dependent upon us alone? Secondly, have I learned my spending and saving habits from the worst example of all – yes I’m talking about your uncle, Uncle Sam?

A few principally sound take always to consider, of which none are incredibly revolutionary or hard to grasp:

· Live below your means – save more money than you spend
· Create a private retirement strategy
· Keep your money in a house of bricks, meaning, don’t leave it in houses of straw or wood

DL

“The Economist”

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*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

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Comments

One Response to “Government Fiscal Responsibility”

  1. Keith
    February 13th, 2010 @ 1:40 pm

    Is there anyone in their right mind who still believes that congress can be trusted with anyone’s assets. Would anyone put their mother’s money in congressional hands. Then why would you continue to let them determine the future of our country. The time for talk is over….the time for action is here. Join the tea party or any group who is not blinded by the shell game of party politics. Do it today….you country is in danger.

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