August 2011 budget deadline -part 2-update
fiction
edward w pritchard
see part 1 here first
Mortgage payment, semi annual property taxes and electric bill all due on August 1st. Limited funds due to seasonal shifts in employment in the household. At the national level some sort of debt ceiling crisis is in the news.
part 2
Eight dollars left till next pay comes in. Hopefully government promise to close local post offices to lower national deficit will slow new bills arriving through at least Friday. Thanks to our elected officials for your benevolence.
end part 2
Showing posts with label debt crisis. Show all posts
Showing posts with label debt crisis. Show all posts
Monday, August 1, 2011
Monday, July 25, 2011
August 2011 budget deadline
August 2011 budget deadline
fiction
edward w pritchard
Mortgage payment, semi annual property taxes and electric bill all due on August 1st. Limited funds due to seasonal shifts in employment in the household. At the national level some sort of debt ceiling crisis is in the news.
fiction
edward w pritchard
Mortgage payment, semi annual property taxes and electric bill all due on August 1st. Limited funds due to seasonal shifts in employment in the household. At the national level some sort of debt ceiling crisis is in the news.
Monday, August 30, 2010
famous investors who died broke- part 5- fini
famous investors who died broke- part 5- fini
fiction
edward w pritchard
Now that we have examined the three stages of American risk taking represented by the gambler, the stock speculator, and the entrepreneur, perhaps our pundit, mentioned at the beginning of the story will now break his silence and a make a comment on which is the most appropriate field of endeavor for Americans to enter to reinvent themselves. The word pundit is from the Hindu, there pandit, a very wise person,
The pundit might site Hindu philosophy and observe that life is lived in stages. Beginning with the student and ending with the ascetic. All our three examples, Charles Deville Wells, Jessie Livermore and William Durant seemed to lead full lives, at times blessed and maybe cursed at the end. Perhaps that is all that can be wished on someone. They lived life to the fullest took great risks and accepted their eventual fate come what may.
What should we Americans now do with our debts, legacy of the latest boom/bust cycle, that is holding us from reinventing ourselves, finding new cheese or moving on to the next stage of our lives. It's a philosophical choice with no right answer. Should we be like the musicians Vivaldi and Mozart live well and die buried in an unmarked grave. Or should we follow the middle way, like most of us do, and avoid risk, stay at a long time job, receive the pension, take the sure thing, over insure ourselves so that we have that coveted comfortable retirement.
Many Americans will be facing a personal debt crisis as we stay mired in a deflationary economy over the next few years a legacy of fifty years of inflation and expansion in the American economy. The debt from the long boom is due. America has been on interest only with mortgages and credit cards and student loans but the entire bill is due soon.
How will we approach the new normal.
fiction
edward w pritchard
Now that we have examined the three stages of American risk taking represented by the gambler, the stock speculator, and the entrepreneur, perhaps our pundit, mentioned at the beginning of the story will now break his silence and a make a comment on which is the most appropriate field of endeavor for Americans to enter to reinvent themselves. The word pundit is from the Hindu, there pandit, a very wise person,
The pundit might site Hindu philosophy and observe that life is lived in stages. Beginning with the student and ending with the ascetic. All our three examples, Charles Deville Wells, Jessie Livermore and William Durant seemed to lead full lives, at times blessed and maybe cursed at the end. Perhaps that is all that can be wished on someone. They lived life to the fullest took great risks and accepted their eventual fate come what may.
What should we Americans now do with our debts, legacy of the latest boom/bust cycle, that is holding us from reinventing ourselves, finding new cheese or moving on to the next stage of our lives. It's a philosophical choice with no right answer. Should we be like the musicians Vivaldi and Mozart live well and die buried in an unmarked grave. Or should we follow the middle way, like most of us do, and avoid risk, stay at a long time job, receive the pension, take the sure thing, over insure ourselves so that we have that coveted comfortable retirement.
Many Americans will be facing a personal debt crisis as we stay mired in a deflationary economy over the next few years a legacy of fifty years of inflation and expansion in the American economy. The debt from the long boom is due. America has been on interest only with mortgages and credit cards and student loans but the entire bill is due soon.
How will we approach the new normal.
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