A Tax Reduction Would Be Great

Since the government refuses to give us all a meaningful stimulus package like it did for the auto industry, banks, and Wall Street, how about a reduction in the tax rate schedule for all of us? The miniscule 6.2% in tax stimulus reduction on the first $6452 of earnings or $400 is so demeaning compared to the over the top tax brackets. We need a REAL break from the percentage they already take from us. We must start voting for legislators who serve our collective best interest. Take a look at the crazy tax bracket schedules and realize how ruthlessly our government takes 25-35% of our earnings PLUS some more? Certainly, we the people can do something if only going out each election making our vote count. Freedom!

Please Don't Blame the Recession on the Frugal Consumers

I continue to read articles that blame the current recession on consumers who won't SPEND. Oh brother! The media somehow twist our frugal choices as harmful to the country. I find these accusations extraordinarily BIZARRE!

• Frugal people chose to spend and use our resources with as little waste or flamboyance as possible.
• Frugal people are in all economic groups and classes. Frugal people spend money we actually have instead of borrowing and re-entering enslavement.
• Yes, we enjoy many things money can buy but mostly the stuff money can't buy and far more of it. Frugal people are often very generous.

In a spend, spend, spend culture, folks are too busy to acknowledge the wisdom found in the natural world of sustainability, no waste, abundant provision without exploitation. I simply don't need more than I really need. I don't want what I don't want.

I don't want an American car. As my 14 year-old Toyota truck hits 200,000 miles in the next few months, I am saving to BUY another Toyota or Honda. My Ford Escort bailed out on me in 1995 with less than 7 years and 100,000 miles after several crazy/expensive repairs. So leave me alone about supporting the American auto industry since. I support anyone's decision to pay cash or near cash for a new or used car to help the ailing American auto industry which gave up its lead for greed a long time ago.

I want to SPEND some money in home improvements on my little house but if I can't pay cash for it, I can live without it. I can wait and save the money unless the government wants to include me in the stimulus package. Oh, but since I'm not behind in my mortgage, I don't qualify for the discussion. Of course my renegade lender regularly emails me about taking out a HELoc to spend and consolidate debts I don't have or make improvements. Are you kidding me? My one mortgage is my last debt and they want to "help me out" by giving me more debt. I surrender to Dave Ramsey's plan and he won't let me! (smiling)

I plan to buy a few items under $1000 this year using my debit card or cash. I AM SPENDING just not as much nor as fast as most big SPENDERS. Every little bit counts but it counts more to me in my emergency/disaster fund: After the government's response to Hurricane Katrina, I have no reason to believe it will quickly help if a big earthquake destroys my neighborhood. I must have enough cash to evacuate and set up a new temporary tent.

If the roofing on my house caves or if I need to replace the 30-year old furnace this year, guess who will be spending cash to fix it? It's not fun to spend those funds on what I don't need or want. If I had to choose, I'd rather be dirt poor and free than owe another dime to a bailed out bank. I'm not going back to that life! Freedom!

I'm No Professional Economist But...

"Keep It Simple, Steph" has been one of my mantras for several years. While I am not a trained economist and I admittedly don't get the BIG picture of many projects because I can focus on implementing details, it just seems to me that the government is making a terrible move in the giving away of money it doesn't have. Here in California, our elected officials seem totally clueless about money and budgets. What's wrong with these snapshots?

What I do know about personal finance/personal economics still holds true on larger scales: Spending money you don't have only leads to more trouble, stress, insecurity, risk, early death - in some cases. It ends relationships, can lead to crime, doesn't promote harmony. I don't like the current government policies regarding economic stimulus based on my own past stupid mistakes with money. If I trusted government, I'd be scared to death right now. Since I trust God, wisdom, and the fruit and consequences of my own actions - both smart and dumb decisions, I can live in peace right here at home in my sweet little house without buying more stuff with money I don't have. Self control has become one of my greatest assets. Freedom!