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Practically Speaking

Kyle and her husband moved to Brookfield in 1986. She became active in local politics and started blogging in 2004. Her focus is primarily on local issues but often includes state and national topics, too. Kyle looks at things from the taxpayers' perspective in a creative, yet down to earth way, addressing them from a practical point of view.

More shoes will drop in this economy if we don't change our ways

Economy, Elections

We're bailing out Freddie and Fannie. We are giving life support to AIG. We are helping out the banks. Think it will end there?

No.

We are forgetting the huge amount of credit card debt carried by the average American household. Many people are just a paycheck away from financial ruin. They have maxed out numerous credit cards and can barely make their payments.

If you ever listen to Dave Ramsey, you hear their stories. In debt thousands of dollars, making huge payments on big SUVs or luxury cars, living in a home much too large for the family. Slowly and painfully these people dig themselves out of debt.

But what about all those people who don't attack their debt.

May I suggest that if Obama wins the election, with his tax increases in essence reducing their monthly income, these people who are on the teetering on solvency will tip over into financial ruin.

With the Democrats No Drill Bill, we will continue to hemorrage dollars to countries that would just as soon see us drop off the face of the earth. (They would miss our money though.)


 

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