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Showing posts with the label Economy

Infographic: 4Q12 Small Biz Outlook

The future is not looking to well according to small business owners who were surveyed by the U.S. Chamber of Commerce.

Real Wealth Redistribution

I am writing this because I sent a somewhat cheeky email about a Father and Daughter (Dem v. Rep), and I got ONE irate response saying I was a propagandist! I was totally insulted, not because he thought I was a propagandist, but because if I was using propaganda, it would have been so much better than that email. Anyway, it did get me thinking about the morass this country is in, and why we are so far apart concerning the budget, taxes, and pretty much everything. So, being an engineer and a bridge builder (yes I love it when everyone agrees with me!!!), I thought about a solution that I think both sides of the political spectrum could agree on. If you really want to have a true redistribution of the wealth, then one thing needs to happen: wealthy, rich people need to go out and spend it on people trying to make a living locally, not charity..but prosperity…ooh, new slogan..…or invest it in companies…or whatever. Hording money is never a good thing, so how can we loosen those purs...

The Federal Budget Explained (Simply)

Do not understand the federal budget and why the US got downgraded on our economy? Well the explanation below rather brilliantly cuts thru all the political doublespeak we get. It puts it into a much better perspective and is the same for many countries in Europe ... Why the U.S. was downgraded: * U.S. Tax revenue:     $  2,170,000,000,000 * Fed budget:             $  3,820,000,000,000 * New debt:                $  1,650,000,000,000 * National debt:           $14,271,000,000,000 * Recent budget cuts: $       38,500,000,000 Let's now remove 8 zeros and pretend it's a household budget: * Annual family income: $21,700 * Money the family spent: $38,200 * New debt on the credit card: $16,500 * Outstanding balance on the credit card: $142,710 * Total budget cuts: $385 ...