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Newsflash

Ben Bernanke, in a recent article on Yahoo! News, says that tax increases may be required to pay for new massive entitlement programs. Great timing, right? Couldn't have have mentioned that before we decided to pass a Trillion dollar healthcare bill or stimulus package? We've got to wise up to the constant lies espoused in Washington. Nothing is free. If we don't learn to curb our spending, we'll end up on the bad end of a total economic meltdown.

The only way to build wealth is through savings. However, the stock market bubble of the past few decades has given people a spend,  spend, spend mentality. Check out this article by the Mises Institution the Collapse of Personal Savings.

Quotes

The American Republic will endure, until politicians realize they can bribe the people with their own money. -- Alexis de Tocqueville




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