Getting it Right - Welcome

The goal of this blog is to publish my thoughts on a variety of economic and political topics in the hopes that people who find them educational or beneficial will utilize them and/or forward to others who might find them interesting and/or worthwhile to promote to others, possibly including politicians who can push some of these ideas to fruition. The topics in my blog are meant to be of value on a long term basis, not a daily diary or political issue of the day log. If the information posted is useful to you, by all means utilize it and/or forward it as you see fit. If not useful, then merely ignore it. There are no universally agreed upon truisms and too little tolerance between some of those with opposing viewpoints to successfully convince the people with hardened opinions to move away from them. I am an analytical type person who will try to be as factual as I am able.

I disdain the current popularity of name calling and condemnation of viewpoints with no factual alternatives or logical solutions given that I see so often. If you don't have a solution based on fact and logic, then opt out of the discussion because you have nothing to contribute. My background is a degree in Economics from the University of Michigan and 39 years working in middle management jobs for a major retailer. My opinions are forged on the personal experence of life, family, friends, and work as well as triumphs and mistakes that I have made and hopefully learned from. My hope is that this blog helps you.

My first topic will be about personal finance. I chose that one first because most of us work long and hard just to survive but not all of us realize our dreams of becoming financially independent from the labors of our work. Much of our political votes/thinking also focus on the economy and in particular how well we are personally doing financially.

It is relatively simple, without sacrificing the enjoyment of living for 'today' and even at moderate incomes, to retire as a millionaire or multi-millionaire, if you focus on that goal consistently from a young age. It is also simple to ensure that your child or grandchild retires rich. It merely requires a one time gift of just $2,000 invested wisely and the passage of time. Please read my first post on this blog to learn more.


Getting it right on Politics, Economics, and Personal Finance

An index/schedule of past and future posts and their dates will always be updated so that it becomes the first post that you see below. If the date of a post that you wish to read is preceded by the word "Posted", then find it below or click on the title in the Blog archive to review.

Blog Archive

Friday, September 21, 2012

The Ticking Time Bomb - Unfunded Government Liabilities

Here's the problem boys and girls - we currently have 121 trillion dollars of unfunded government liabilities. That amounts to $340,000 each for every man, woman, and child in America (or $1,360,000 for a family of four). That doesn't even count the current actual debt of 16 trillion dollars. The current, annual deficits of roughly one trillion dollars a year, would balloon to five trillion dollars a year if the government was forced to put money aside for those unfunded liabilities. The government requires corporations to put such money aside for their future liabilities, but hypocritically never regulates itself to do the same. The problem won't fix itself, will burst someday taking down all entitlements programs with it, and it needs to be addressed now, not then if we are ever to avoid collective financial doom. However, every time a politician finally mounts the courage to even talk about the issue, you liberal Democrats start screaming bloody murder, but you never attempt to enact a solution.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)