I read a report the other day that Americans have tripled their savings. 1% was normal and now "we" are saving 2.9%. Of course we are saving more! Perhaps we are returning to some basic ideals like saving cash for purchases or having a "rainy day fund"!
The article went on to complain that the effect of Americans saving more money was having a negative impact on the economy! What??? Americans might actually be doing right. We are intelligent enough to take care of ourselves without Government assistance! So average people are paying off debt, lowering their expenses, saving some money and they will weather this financial time!
Don't you wish our State and Federal Governments could do the same? I, for one, am paying attention to my elected officials in and from Arizona and how they are approaching the economy. Mostly, I read/hear story after story about Americans not wanting Stimulus as proposed or going further into debt, but elected officials doing what they think is best. Our representative government is not really representative. Apparently our "opinion" doesn't really matter. Well, next election will prove our "opinion" DOES MATTER!
1 comment:
David - You should back up your blog. Seriously, there are websites out there that help you do it. Your kids would love to have your thoughts on life, politics, money, them, your walk with the Lord etc... Think about it. It is a blessing to me, think of how much it will mean to them. Just a thought. Ny
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