What Does Financial Security Mean to You and Where Has It Gone for Most Americans?

 What Does Financial Security Mean to You and Where Has It Gone for Most Americans?

 

Shari Vaudo, recently published an excellent article called “Where is Our Security?” Before her question can be answered we must all define what the word “security” what comes after a trillion   means to each of us.

What does it mean to you? When I think of the word security what comes to mind is the feeling of being safe and protected, having enough money in the bank to take care of our obligations, and still have a little left over each month so that every once in a while we can do something we find enjoyable. Whether it’s go out for dinner, see the latest release at the movies, or just go to the local apple orchard and eat donuts and drink cider.

Whatever it is that a person chooses to do either for enjoyment, or just survive, it generally involves money of some sort and the big “M” appears to be missing piece in the majority of our lives these days. The lack of financial stability in this country is what has created the financial insecurity many of us feel in our lives.

So what happened? How did we go from where we were to where we are? How did we go from being the most financially stable country in the world to basically teetering on the verge of bankruptcy?

Republican politicians would have you believe our financial woes are due to uncontrolled spending, Democratic politicians would have you believe we’re in the position we’re in due to tax cuts.

Let’s put what the politicians think totally out of the equation and take a walk down memory lane.

IMHO our financial security was misappropriated by the Republican Party during the Presidency of George W. Bush. Was the downfall of the United States of America an intentional ploy by the Republican Party? I couldn’t even begin to answer that question because I don’t know, but what I do know is when President George W. Bush entered the White House on January 20, 2001 the budget for FY 2001 had already been put in place by his predecessor, President William J. Clinton at $1.86 trillion dollars.

By the time our current President, President Barack Obama entered office on January 20, 2009, eight years later, the budget for FY 2009 had already been put in place by his predecessor, President George W. Bush at a whopping $3.51 trillion dollars, or an increase over the 2001 budget of $1.65 trillion dollars.

 

 

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