02.14The Economic Stimulus Package of 2008…
The economic thinking - or lack of it - that comes out of Washington DC gets more perplexing as time goes by. Value-challenged do-nothing Democrats and weak-kneed Republicans who have lost their way passed legislation that dumps $160 million into the economy from which it was taken in the first place. They call that economic stimulation. It sounds alot more like electioneering to me. Why else would the Hatfield Democrats and McCoy Republicans agree?
In the meantime the US Senate is spending thousands of hours and dollars talking at (not to) professional sports personages and ignoring the clear and present danger to the economy posed by our dependence on international idiots like Chavez and Ahmadinijad; pretending that the Social Security and Medicare Systems can be fixed with higher taxes - and “universal health care” can be added in - eventually requiring a 50% rate on all earnings including capital gains just to support these three programs; turning their backs on any kind of true tax reform; trying to convince us that Congress can redistribute wealth through the tax system so the poor get richer and the rich get poorer - all the time diguising and protecting their own wealth accumulated from lobbyists, lucrative speaking engagements, book deals for books about nothing, insider information that turns many Congress Persons into multi-millionaires; and pork barrel set-asides that seem to magically create Congressional wealth as they slither through the legislative process.
I am not a pessimist about much. I am very doubtful of the good intentions and the intelligence of the US Congress. The Democrats are paralyzed by the unreasonable and irrational “Bush Derangement Syndrome” - if an idea comes from the White House or could make the President look good, it’s gotta be bad. The Republicans have so lost their way that they fail to hold to their most basic economic principles and spend our money as if they are in Las Vegas and our tax dollars are their personal dollars to be gambled away.
Nothing of importance is getting done, the economy and the American people are being damaged while the bullies in Congress are forcing money into their pockets or their re-election campaign accounts with vigor and impunity. What to do? You can hold your personal rep responsible, vote for someone else - it’s a challenge on the political side.
On the personal side you can change your mind about money and adopt a personal economic plan that lets YouBeTheBank - www.TheMoneyForLifeBook.com -and gain control of the money that flows through your life. You can put your money in protected whole life insurance policies
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where it grows tax free
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is available as a source of borrowing where all the payback is to yourself
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as a source of ready cash for emegencies or dream fulfillment
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as a source of tax free or at least tax advantaged income whenever you want it
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is a way to pay your wealth forward tax free when you die to those you care about.
www.TheMoneyForLifeBook.com could do more to save the American economy than all the legislation the inept US Congress can create out of its collective fantasies. You owe it to yourself to know more and to own more.







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