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Weekly Roundup – “Why Is America Intent On Destroying Itself?” Edition

by Shawanda Greene

Burning American Flag

Fun Fact: The proper way to dispose of an American flag is by burning it. In a dignified way, of course.

Although I didn’t post as frequently as I wanted this week, increasing the number of high quality articles I release on You Have More Than You Think is my most important short-term goal for the ol’ blog.

But I have to admit. I’m frustrated at how challenging it is.

Regardless of my short comings thus far, I’m confident that eventually I’ll be able to develop a regular posting schedule.

On the bright side, I was able to read quite a few articles that made for some interesting discussion. The most interesting article resulted from the unfortunate news that the S&P rating agency downgraded the U.S. credit rating from AAA to AA+ – for the first time in history.

I’m normally not one for worrying about the economy. And I’m still not too concerned about it. However, the downgrade of the U.S. credit rating is disheartening.

Why can’t we get our s— together?

I never had much faith in the competence, creativity or compassion of our elected leaders. The spirit of the American people always used to allow me to believe that we would be all right. Now, I’m not so sure I believe that anymore. And it sucks.

It seems like we’re unwilling to make the sacrifices that are necessary to repay our debt. One side refuses to raise taxes. The other side refuses to cut burdensome entitlement programs. Make no mistake; a balanced approach is necessary. If you’ve ever paid off a ton of debt, you know it’s absolutely necessary to attack it from both angles.

Although I often remark at how politicians are idiots, we are the ones who elect them.

Pray tell, what does that say about us?

If you’ve been relying on the government to provide more than the basics, e.g., security, clean water, now’s the time to figure out how you’re going to ensure you and your family are taken care of with as little reliance on gov’ment as possible.

Maybe Congress and POTUS will get it together. Maybe they won’t.

Let’s just continue to learn and apply good financial practices to our own households. Here are a few articles that’ll help.

Hopefully, you’ll enjoying reading them as much as I did.

What 80% of Wharton MBAs Don’t Know About Retirement Planning by JT McGee at MoneyMamba

New Car Vs. Used Car: Why We Will Buy Used by Amanda Grossman at Frugal Confessions

Hedging Against Inflation by Miranda at Free from Broke

Socialism as a Means to a Brighter Future by Financial Samurai

Stop Trying to Get Rich – 8 Reasons to Avoid Wealth by Family by Family Money Values

Getting Late Fees Waived – How Far Do You Go? by Kevin McKee at Thousaindaire

My Goal: What I Am Really Working and Saving Towards by Fabulously Broke

Why Work When You Can Get Scholarships by at My University Money

Bonus5 Hot Gmail Tips and an Email Intervention by Ilean Smith at Grind and Thrive

 

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{ 12 comments… read them below or add one }

My University Money August 6, 2011 at 3:01 PM

Thanks For The Link!

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Sam August 6, 2011 at 3:49 PM

Thanks for the wrap up Comrade!

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Amanda L Grossman August 6, 2011 at 5:10 PM

Thank you for the mention!

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FamilyMoneyValues August 6, 2011 at 8:40 PM

Thanks for the mention!
America will get through this downgrade crisis (in spite of our politicians). It will just make it more expensive. Personally, I have been wanting interest rates to go up and this might do the trick. Savers have been punished more than spenders since 2008 – we didn't do much to precipitate the recession and we have to pay for it by not earning money on our savings due to the lower than low interest rates!

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TheyCallMeCheap August 8, 2011 at 7:05 PM

I'm keeping my fingers crossed.

I hear you on the low interest rates. Last time I checked the interest rate on my ING savings account, it was 1.00%. Argh! When I signed up in 2005, it was about 4.75%. But then again, if interest rates are high, it usually means we're trying to slow down inflation.

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Dana August 7, 2011 at 4:16 PM

Nice round up!

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affordanything August 7, 2011 at 6:59 PM

I was shocked that the U.S. actually got downgraded!! Everyone said it would happen, but it was hard to believe it … hard to imagine it … until it happened!!

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TheyCallMeCheap August 8, 2011 at 7:10 PM

That's the same way I felt. I was getting ready to settle in for a restful night's sleep and then BAM! S&P snatches away our AAA credit rating. After that I could only think about the ensuing political and financial analysis I'd get to hear on Monday morning. It's unfortunate, unnecessary and exciting all at the same time.

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Barbara Friedberg August 8, 2011 at 11:04 PM

You hit the nail on the head. If the parties could play nicely in DC, we would avoid most of our national problems. Great topic.

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Doctor Stock August 9, 2011 at 10:40 AM

Thanks for the links… I found you as a part of the Yakezie Summer Group 4… looking forward to getting to know you more.

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Ali August 10, 2011 at 9:10 PM

Great links…

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OdellTSulzen September 21, 2016 at 9:58 PM

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