The Grass Is Never Green……
Posting on this blog
Life has thrown me a couple of curve balls and posting has been light.
One of the main reasons I have not been posting is I am not sure that we can fix the financial mess that the Democrats and Republicans have created from Washington DC. When I look at the long term fiscal outlook of our Country it truly depresses me.
My kids are 9 and 10 and I they will be inheriting a much weaker country than the one I dealt with.
Mike Sylvester
Finally!!!
The Changing of Times in Downtown Fort Wayne
Have a Happy
I detest vandals
On Election night (Last Tuesday) someone destroyed the mailboxes of two of my neighbors and I. Further I had four reflectors in my driveway and they destroyed those as well. They likely used a baseball bat or something similar.
I have no idea who did it; however, it was likely teen aged kids. They had to have destroyed my property between about 11PM and maybe 5 AM Wednesday morning.
I have no idea why people destroy other people’s property for no reason. It is senseless and ignorant. I wonder why their parents let them roam around late at night?
Then a couple of nights later some lady put her car in my ditch. She pulled into my driveway at night to turn around. I have a pretty nasty ditch on both sides of my driveway a few feet away from the street. I always mark it with reflectors; however, some idiots destroyed my reflectors a few days before and I had not yet replaced them.
She had to call a tow truck who pulled her out of that ditch in about an hour…
I hate vandals…
Mike
Wireless service in Fort Wayne area
We are considering switching wireless phone providers. We are getting some “smart” phones.
We have been looking at AT&T, Verizon, and Sprint.
Have any of the readers of this blog had either positve or negative experience with any of the three in Fort Wayne?
Mike
Full Time Office Manager wanted - Fort Wayne, Indiana
SBS CPA Group is a public accounting firm located on the north side of Fort Wayne near the intersection of Coldwater and Dupont.
We are looking to hire a full time Office Manager.
The expected start date is October 3rd, 2011. Specific details concerning the job itself and instructions on how to apply our listed at the SBS CPA Group website.
Mike Sylvester, CPA
The United States is in BIG trouble, Part 3
The amount of savings Americans have accumulated for retirement is pitiful. There are major tax incentives in place to encourage Americans to save for retirement; especially Americans who make small and moderate incomes.
A recent survey of several thousand Americans who range in age from 18 years old to 65 years old shows that the median family in this age category has a total of $49,295 in retirement savings; the average is only $105,801. This is absolutely pitiful and clearly shows that most Americans will not be able to ever retire.
A different recent survey was equally disappointing. In this survey Americans were asked how they would pay for a $1000 emergency that arose. The results were as follows:
- 36% have enough savings to pay the $1000 bill
- 17% would get the money from friends and/or family
- 17% would stop paying other bills; for example credit card payments and mortgages, and then accumulate the $1000 in that manner. Basically they would “Rob Peter to pay Paul.”
- 12% would sell or pawn assets to raise the needed cash.
- 9% would take out a loan.
- 9% would take a cash advance on a credit card.
Debt ceiling theatrics, part 4
The morons in Congress and the one who is currently residing in the White House have illustrated that they have NO IDEA how serious the long term fiscal outlook of the United States is.
Simply put the gross debt of the Federal government is 96% of Gross Domestic Product. This year tax revenues will be about 15% of GDP. So the Federal government has borrowed 6.4 times its current annual income.
Let’s say that you are a family of four living in Fort Wayne, Indiana. Lets say that you bring home after income taxes $60,000 per year. You would have to have incurred $384,000 of debt to owe as much as the Federal Government owes. Can you imagine having a take home income of $60,000 per year and having $384,000 of personal debt?
Another way to look at it is to realize that the Government has to borrow 41 cents for each dollar it spends this fiscal year.
So our current debt levels are very large. If you look at the CBO projections for the next ten years things get far worse. If you look beyond that they get even worse.
The fools (In both parties) in DC do not understand the fiscal train wreck they have created.
The Tea Party may be our only hope and the mainstream media spends all of its time slandering the Tea Party…
Good Grief…
Mike Sylvester
