My Grandparents and the Basics

Issues are getting so complicated. What with the bailouts, stimulus package, Obama’s almost four trillion dollar soon to be proposed budget, corporate bonuses, failing business, increasing unemployment, urgency to make credit more available so businesses and individuals can get the money they need, and taxpayers about to assume the toxic assets of banks it is no wonder one can experience migraine headaches.

The other day I thought to myself what would my grandparent’s generation do if faced with the problems of today? As I thought awhile things became clearer to me and I decided to embark on what I know my Grandparents stimulus plan would be.

1) Put aside all non essential purchases

2) Immediately stop the use of interest bearing credit cards

3) Begin reducing any outstanding debt level immediately

4) Increase savings in a solid FDIC Member Bank to ten percent or more of annual income

5) Set a goal to be completely debt free in three to five and stay focused

Simple stuff from hardworking American taxpayers that weathered the Great Depression, built a solid nest egg for their retirement, and never felt they should depend on the government for anything more than the monthly social security check they had earned when they retired. I am proud of what my grandparent’s accomplished through hard work, common sense, and good old American perseverance. They made tough choices when they had to be made, and so did the politicians of their era. To bad none of them are here today to help the current crop entrusted with our future.

Les Carpenter III

Rational Nation USA