Tag Archives: deficit spending

Waiting for November 5th

I am getting impatient. I want the election to be over so I can stop watching Anderson Cooper, Rachel Maddow, Chris Matthews, Larry King, Nightline andĀ local news. What else is there to blog about right now but the election? Plenty of stuff; the same stuff that I used to blog about. But I am consumed by the election. Watching Obama’s 30-minute infomercial reminded me how financially fortunate I am. I won’t brag or bore you with the details, other than to mention that my wife and I both were able to retire at 55 and do not have work or worry about income. That is not so for many people in America. I can understand, although not agree with, the choices of some voters to support a political party and candidates that want to dictate the sexual and reproductive habits of Americans. I find it more difficult to understand how the social conservatives, many of whom may not be as well off financially as me or the leaders of their party, can so readily buy the laissez-faire policies of socalled fiscal conservatism. I say socalled because while Republicans continually label Democrats as “tax and spend,” many (if not most) Republicans on the national and local levels spend as much or more than Democrats but they don’t tax–they spend at a deficit. Look at George Bush years as the paradigm. When Democrats brought fiscal order to Congress a number of years ago, it was through “pay as you go” budget programs. At the same time, while the socially conservative Republicans want to regulate what goes on in America’s bedrooms, they care little what goes on in America’s boardrooms. Look at the bailout for the results of that perspective. So I am looking forward to a new day and a new way on November 5th–or perhaps I should say on January 20th, 2009.

Earn money, don’t pay, for using credit cards

Do you carry a balance on one or more credit cards? Big mistake. The highest interest rate for borrowing money is on revolving credit. Way higher than mortgage loans, student loans or even used car loans. Let’s say you carry an average daily balance of $3,000 a month on a credit card. At the current average rate of about 13.5% you would be paying about $400 annually in interest. On theĀ other hand, if you paid off your bill in full each month you could get a rebate on what you charge each month. Continue reading Earn money, don’t pay, for using credit cards