By Janet Walgren
An old Marine Corp Commandant once said, “It ain’t what you don’t know that hurts you, it’s what you know for sure that ain’t so.” Well, I half agree and half disagree with his statement especially when it comes to money. What you don’t know about money can hurt you, and what you know about money that just ain’t so only makes matters worse. When politicians and the FED talk about money, their cents don’t add up to sensibility.
Imagine not knowing how to tread water. If you fell into a swimming pool without a life vest, you would probably drown. If you did know how to tread water, and you fell into a swimming pool, your chances for survival would improve significantly…agreed? Well it depends on whether the swimming pool was in your back yard or on the deck of the Titanic. Knowing how to tread water (or even being an Olympic swimmer) wouldn’t help you survive if you were in a pool on a sinking ship.
Knowing how to earn money, even very large amounts of money, will not make you rich if your money boat leaks. You have to stop the leaks. Our [America’s] money boat is taking on water. The bottom of our boat is riddled with holes. If we don’t immediately demand fiscal responsibility and good money management practices from our government, our collective and individual money boats are going to sink just like the Titanic!
The government can change laws, print money, raise taxes and sell bonds. They can issue guarantees backed by a powerful printing press and reduced interest rates on your savings, but all these measures just add more holes in the bottom of our financial boat. We need to stop treading water in the pool on the deck of a sinking ship. We need to begin the hard work of patching the holes in the bottom of our money boat before the hole takes on Titanic proportions. We need to demand fiscal responsibility from our politicians. We need to demand sensibility with our collective cents.