Here’s An Idea…SAVING!
When I was a
kid I used to save money. In the first
grade we had a field trip to the local savings and loan. Everyone opened up an account for one dollar
and we took home a savings book. We
learned about interest. MONEY EARNING MONEY!!
I guess I
learned to save because I was a child of depression parents. We never bought or received anything without
being reminded how lucky we were to have it.
Children were starving in China, I was lucky to have spinach; when my
dad was ten his toy was a hoop and a stick.
I was very lucky to have a bike.
When I got
money either from my grandparents on my birthday, doing chores for an allowance
or simply finding a quarter on the street I saved it. I put some in the bank, and I squirreled some
away in places that I would forget until I would find it years later.
I would
spend some money on comic books…10 cents apiece, candy…five cents for a Hershey
bar, or when I really splurged, bowling…eighty-five cents for two games with
shoe rental. One year I went crazy with
some Christmas money and bought a rifle cap gun for three dollars and fifty
cents. The gun broke after one
year. For years after I regretted that
purchase and often calculated how much money I would have if I invested it in
the bank to earn interest (at 3% compounded…$22.86 to date.)
Kids today,
(kids being anyone under 27 years old) cannot spend their money fast
enough. They not only spend it as if it
was going extinct, but they spend more than they have. Give a kid $20 and he will have something
that he just has to have that costs $35.
He will not wait until he saves up that extra $15, he will negotiate.
“Gee Dad, if
you give me $15 today, you can just take $15 off whatever you were going to give
me for my birthday.”
When my son
was 18 he was already into me for Christmas and birthdays for the next 15
years.
It is this
inability of the younger generations to save that got us into the economic
malaise we have been in since 2008.
Have a new
Government program? Borrow!
Want a new
4000 square foot house? No need to put
20% down, no need to have an income large enough to pay the mortgage, just put
no money down, and take a balloon loan where you don’t have to pay the real
cost for 5 years; by then I’m sure you’ll be making enough money to pay for
it. Besides real estate always goes up
in value…doesn’t it?
The
government is now deeply in debt.
Something needs to be done to shrink that debt. We need to raise taxes. We can’t ask for money from the poor or the
middle class…their life is tough enough trying to cover those balloon
mortgages.
I know!
Let’s tax
those rich assholes who’ve been saving and investing their money since they
were five years old. They have plenty by
now, more than they can spend. What’s
the big deal?
We just won’t
ask them for anything this Christmas.*
*Cranky
realizes this scenario does not cover the whole spectrum of our economic
issues. Please don’t get all political
on me…It is called satire…making a point with a speck of truth.
Satire: a way of using humor to show that someone or
something is foolish, weak, bad, etc. : humor that shows the weaknesses or bad qualities of a person,
government, society, etc.