Business Coach Chris Rugh "Speaking My Mind"

Stop Spending My Money!!!

By Chris Rugh | February 23, 2010

over indulgance Stop Spending My Money!!! Generally money flows in circles, you get paid, you pay all your outstanding accounts, and the store who received your payments will spend it at another supplier or store, and so the circle continues on and on… Now spending is a good thing for the economy, it keeps the economy healthy, growing at a steady rate. The problem comes in when people start over spending, living above their means. According to analyst, borrowing money to the public is a good thing, it aids in keeping the economy in a healthy state.

They even go so far as to claim that the public aren’t spending enough.

I recently read that some dumb ass analyst thinks that we are not spending enough, especially after I took a look at the at the national debit clock. Those figures really got my mathematical mind completely in a knot. The average U.S. citizen has debt running up to about $40 172! The total U.S. national debt is now standing on $54 775 737 892 781! The amounts for businesses who has gone bankrupt now stands on $1 405 860! After seeing these figures I began to realize that somewhere along the line, we got our business recipes all screwed up.

After the depression in 1942, the government managed to grow 75% in funds. And then I asked myself the question, how the hell were they able to do something our presidency & government is struggling to do now. The answer is simple; they simply cut back on enormous, wasteful government spending. Our current government borrowed and spends the equivalent of 15 Trillion dollars! Among other things, this money was used to fund the Iraq war, the Golf war, and let’s not forget about the Afghanistan war as well. Battleships was purchased, and all other exploding toys was added to their little grocery list. I’m not saying that no money should be spend on our national safety, security, or defense, but 15 Trillion dollars could go a far way with housing, job creation, improving on current health institutions, feeding the poor, and getting that high U.S. debt amount down.

America is sitting in the position of losing its AAA debt rating. Even though president Obama predicted 1.6 Trillion dollars would go towards the outstanding debt of the nation, analysts fear that America are going to go the same way as Brittan losing their debt rating. Because of the high debt our nation is finding itself in, president Obama promises to make efforts to help homeowners avoid foreclosures on their homes, my question is what his plan of action is going to be, since the figures for home foreclosures are already standing at a shocking $855 767.

As a country we must stop living above our means. I know it is fun to spend billions on pork, pet projects, and of course, it is always shit and giggles to piss away billions, on big guns that go boom and kill woman and children, so that we can control oil flows and defend the profits of Chevron, Royal Dutch, Shell, and friends. I’m annoyed with the fact that I stand helpless against the federal government spending my hard earned tax dollars on oil and blood while we dig ourselves deeper into debt. It’s kind of like having a bad spouse with bad drug habits of sniffing your 401k up their nose… BUT only WORSE!

Business, Money

238 Comments

By Charles Bender, February 23, 2010 @ 7:31 am

Here is the funny part my friend. Total Gov spending broken down by sector is as follows.
Pensions 15%
Education 16%
Health 14%
Welfare 11%
Defense 14%
Misc (slush funds) 27%

We have spent an total 1 trillion over 9 years on the wars. 100 Billion per year. While I agree that is a lot it is also important to note that the 2019 budget deficit is 1.3 trillion in one year.
By Charles Bender, February 23, 2010 @ 7:32 am

oops 2010 deficit
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