American Initiative

By
Real Estate Agent with Edina Realty, affiliate of Berkshire Hathaway 20559860

American Spirit, Bull HornI don't often watch daytime television, well, because I seem to be always working during the day. So thank goodness I was lucky enough to catch Uncle Phil, I mean Dr. Phil, on an evening program that was dealing with people struggling in today's economy and the toll it is taking on us Americans.

Now I seem to recall that Dr. Phil is a no nonsense, plain speaking Texan who has a way of cutting through the bull loney and getting to the heart of the matter. And he didn't disappoint this evening. He pretty quickly got to the heart of the guest couples problems which came down to, " Ya'll are spending and owe more than you are taking in.  

The president of our Realtor association, Chris Galler, shared his perspective of the federal government's spending in the following way:

 

As many wonder why after signing an increased debt ceiling (meaning the government can borrow more money) S&P downgraded the US credit rating, this is the reason why: “If the US Government was a family, they would be making $58,000 a year. They spend $75,000 a year & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand."

 

  

So, we have a way to go before our American style of living comes around. But we know it will. No one can keep us down permanently unless we allow it. So, we may as well pick ourselves up by our boot straps, grab the bull by the horns, quit crying over spilt milk, keep a stiff upper lip and display that hard working, butt kicking, you can't keep us down attitude and apply ourselves to working our way out of this mess.

 

How, who knows....don't care, let's just do it!

Posted by

Julie Moorhead

 Julie Moorhead - Realtor®, Broker & GRI

Direct        763-614-3467

Office        763-682-3434

juliemoorhead@edinarealty.com

 

Comments (1)

Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

That says it all..."yall spending more than you're taking in."  What else needs to be said?

Aug 09, 2011 07:53 AM

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