“Have an Emergency Fund”, they said.

Why do the sage financial planners have no influence over Washington D.C.?

Any financial planner worth their two-cents will tell you to build up an emergency fund, for, well, emergencies. One never knows when a person may lose a job or become ill and can’t work. There are myriad reasons why an astute planner will do their best to put aside at least a couple of months worth of wages to deal with unforeseen circumstances.

It’s prudent advice to follow. Unfortunately, it’s also true that some people are unable to put aside extras as they are living paycheck to paycheck. But if one can, it’s advisable.

And then there’s the government.

Now before I say anymore, I want to say that I was for a stimulus package to help Americans through this unprecedented pandemic. People lost real wages, businesses were shuttered–through no fault of their own. It is prudent for the collective–the government–to aid the country through such difficult times.

And so what has the government done? Passed more than a 2 trillion dollar stimulus with another nearly have trillion currently on the way to help small businesses. Fine. I’m a fiscal conservative. These are big numbers. I may not agree with all the targets of these stimulus packages, but fine. I’m okay with them.

But–and here’s the point–the government has NOT been following the sage advice of financial planners at all. Conversely, it has acted like a free-spending teenager with their parent’s unlimited credit card for decades now. When the American people needed it the most, the government did not turn to their “emergency fund” or their “rainy day” fund, because they didn’t have one. They had no insight or political fortitude to get their own financial house in order, and so all they can do is plop it mom & dad’s credit card. Deficit spending has driven the US debt into farcical territory. Oh, gone are the days of the “fiscal conservative” George W. Bush who racked up a “massive” 400 billion deficit in his last year in office. That amount was unprecedented. Too large to believe.

That, my friend, is mere pocket change compared the the spending which followed in the Obama years and now the Trump years.

2020 will dwarf them all.

BUT-there is a reason for 2020. The people needed it, and the government responded. Now because the established Washingtonites didn’t have their financial house in order, they have created a financial bubble which does not seem sustainable. Hey, I’m not an economist. I don’t dare say I have a crystal ball. But the financial planners tell us to PLAN.

There is no planning in Washington. They have let down the American people. Now as our debt will balloon beyond 25 trillion, we need to ask the question: What have they done to us?

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