The “Super Committee” Was Formed
But Not Given Any Super Powers!
So where do we go from here?
So the facts are clear:
No one from the government is going to solve the economic problems facing you.
You are on your own!
Let’s put the problem in perspective. Our federal government is spending 40% MORE than it receives in revenues. How long could you run your household (or business) spending $140,000 per year on a gross income of $100,000?
This means the economy is more than 40% a complete illusion.
We are receiving services, driving on highways, and enjoying benefits that are NOT paid for!
The net result of more than 40 years of these policies is that the federal government (not even counting state and local governments) has accumulated $15 TRILLION in debt!
Another dose of reality:
The federal government wants to increase taxes on those earning more than $250,000 per year. What if they confiscated 100% of this $250,000 income?
$15 trillion = $250,000 times 60 million!
This is basic multiplication:
It would take 100% of the GROSS income of 60 MILLION people to eliminate the $15 trillion deficit.
Bad news: Obviously, this is not possible!
First of all, you can not confiscate 100% of the income of people.
Secondly, there aren’t 60 million Americans that earn $250,000 per year. There are only about 150 million total households in the U.S. and HALF of these not only don’t pay ANY taxes but are net recipients of government benefits!
So what is the bottom line?
1. Taxes are going to HAVE to increase!
2. Government benefits and services are going to HAVE to decrease!
3. You are going to HAVE to earn MORE to offset these realities!
Now you have to make a choice: find a way to earn substantially more at your current job, OR…
add another stream of income (or a combination of both.)
Check out the Making Money section of this blog to learn how to go on offense. There are MANY ways to increase your income, working part-time from home using the power of the Internet!