Feb 28 2009
The Government And the Economy
There is absolutely, positively no way the government (US, or otherwise) can solve your financial problems for you. The government might, and I stress might, be able to help the economy have a more smooth landing as things come tumbling down, but they will not be able to help you directly.
You can’t borrow your way out of debt, and that is exactly what the government’s stimulus packages are doing. Not only are they placing an even larger burden on our children and grandchildren, just like they did when they borrowed from social security, but they have no way of controlling how much or how little liquidity is needed to keep the economy from breaking down.
Do yourself a favor and start making plans to take care of yourself. Now, and in retirement, being self-sufficient is your best choice when it comes to preparing for the future. Learn a new skill, take a second job, or delay your retirement if you must to ensure that you can weather a multi-year economic downturn.
