Since we are all people that think about money and about money in the future. Also we are all aware of the power of compounding interest and what 20-30-40 years of saving can do to your money. I thought it was appropriate to talk about this here. What the &#$* are the politicians doing with our money. Really this is insane and is now officially out of control. The country is on the wrong side of retirement money growth chart(see attachment which is national debt since 1940). This is at the worst time too, right when the baby boomers are going to retire and want more. I am embarrassed for the US right now, and I am worried it is too late. Just like everything else(global warming, etc).
I think of America right now as a seemingly rich businessman living beyond his/her means. With that brand new car (except it is not: NO levees, Minnesota bridge), eating out, going out, going to charity events and throwing their cash around. Then if you looked at his/her net worth he would be hundreds of thousands dollars behind the power curve.
Just like that businessman is going to be in trouble when that interest catches him. The US is in trouble now, and while some people are predicting a recession coming around the corner. So I have two questions…
I think of America right now as a seemingly rich businessman living beyond his/her means. With that brand new car (except it is not: NO levees, Minnesota bridge), eating out, going out, going to charity events and throwing their cash around. Then if you looked at his/her net worth he would be hundreds of thousands dollars behind the power curve.
Just like that businessman is going to be in trouble when that interest catches him. The US is in trouble now, and while some people are predicting a recession coming around the corner. So I have two questions…
- Am I missing something or is it as bad as I think it is?