Tags: problem | solution | compound | interest

Are You Part of the Problem or Part of the Solution?

By Bill Spetrino   |   Friday, 28 Dec 2012 07:38 AM

I personally don't care who the members of Congress are or who the president is. I make money no matter what.

But I have to give you a simple message.


Editor's Note: Small-Town Ohio Accountant Uses Simple Forgotten Secret to Help Investors Pocket Millions

Elected officials in both parties, except for a few, are incompetent, foolish and inept and are unwilling or unable to solve America's fiscal crisis.

The solution is simple. You need to legislate your congressmen and call and complain and tell everyone you know to do the same.

I was able to reach financial independence by using compound interest to my advantage.

We all need to do the same.

If everyone took this article and sent it to their friends, family and co-workers and used social media to spread it, we could actually get some action.

Now Albert Einstein, who, unlike the Kardashians, a Fox News anchor or a politician, actually accomplished something "intellectual," said the most powerful force in the universe is the power of compound interest.

To start, I think the majority of clear-thinking Americans will agree with me that there are five things that need to happen.

1) All non-discretionary spending needs to be cut by 15 percent, no exceptions.

Every American has had to make sacrifices, but our government is spending more than when the recession started.

2) All Federal employees pensions starting on Jan. 1 also need to be cut 15 percent, no excuses. We are broke and can’t afford it. Those who don't like it can join the 23 million unemployed.

3) Any year the Senate or House does not submit a budget, they don't get paid. An employee in "real America" does not get paid when they fail to complete their main goal. Why should congress be any different?

Editor's Note: Small-Town Ohio Accountant Uses Simple Forgotten Secret to Help Investors Pocket Millions

4) The Social Security eligibility age for everyone under 55 needs to be increased to 68 from 65. No exceptions for profession. Social security is meant to be a supplement for old age. Life expectancy has risen every year for the past 30 years due to various reasons, and Social Security is going broke.

5) No tax increases until the excessive spending is dealt with. Our economy is anemic and many top-earning Americans pay over 50 percent in federal state and local taxes. That is not fair.

Now spread this article.

About the Author: Bill Spetrino

Bill Spetrino is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He is also the editor of the Dividend Machine. Discover more by Clicking Here Now.

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