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Some budget cut...

Did Boehner, Obama and Reid say they agreed to a cut of $38.5 billion? You know, that incredible and historic 1% cut in spending? Whoopsee! The CBO figured it's real impact at just $352 MILLION. Had to poke some fun at small government Congresswoman and Tea Party sweetheart Michelle "I'm For The PATRIOT Act" Bachmann too. Don't miss it!

http://www.thelibertyminute.com/



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A Little Advice Needed

I am hoping the readers here can give my wife and I a little financial advice. Our combined after tax income is around $50,000. In today’s world you know that is very hard to live on. The solar panels alone on our second home in Florida cost that much. Then there is the rent increase on the river lot and the payments on the new pontoon boat. Of course we can’t tow the boat, let alone our 45-foot travel trailer with the Prius; so we have to add in the payments for the Hummer. The Keuka Lake house addition is now way over budget (we are probably only going to be able to build the two car garage).

Our problem is that we can’t seem to keep up. We have had to borrow $200,000 a year for the last ten years just to keep up with all of our payments. And of course everything is going up. Our wine bill for last month was $900! How is one supposed to live anymore? Anyway, we now have a combined debt of $2 Mil. I told my wife, Demi, that we should cut back on our borrowing by at least $10,000. She thinks that is too drastic and would like to see a $5000 cut. We compromised; we are now only going to borrow $192,000 this year for an $8,000. savings!

This has been quite a sacrifice for us; but at the same time all of our friends tell us that we cannot sustain our way of life. They recommend that we cap our spending to $50,000 and to stop the borrowing. This seems silly to my wife and I. After all, our local banks need to do something with the money they got from our Central Bank, don’t they?

We are looking for some Sound Money advice here. Should we sell the trailer and just keep the motor home? Should I wait before I buy a 3D TV? Does Demi really need that Genie bra she just bought off the Home Shopping Network? I hope you can help.

I.M. Keynesian

See Jacob Hornberger piece at: http://www.campaignforliberty.com/article.php?view=1408

Please enjoy, "RON PAUL And All That Jazz"
http://www.dailypaul.com/176606/ron-paul-and-all-that-jazz
Central Pa, Lycoming County, Williamsport

I.M. Keynesian

Ha! That was hilarious!

"Truth is treason in the Empire of lies." - Ron Paul, MD

Not to worry

Don't beat yourself up too much. You should take a vacation to Brazil and relax a little. Take your mind off it. When you get back there may be some other more important issue to focus on.

Sounds like a

... good plan. Other people, that know my wife and I, say "keep the bra and sell everything else". I like your idea better.

Please enjoy, "RON PAUL And All That Jazz"
http://www.dailypaul.com/176606/ron-paul-and-all-that-jazz
Central Pa, Lycoming County, Williamsport