Since the election, a drive has begun to secede from the Union. By now residents of all 50 states
have submitted petitions to the White House.
Now this is just plain silly. But
there is a way for those dissatisfied with the outcome of the election to get
sweet revenge, and it very simple – live within your budget!
Recent financial news reports a 0.3 percent drop in consumer spending in October, the first decline in 4 months. Part was blamed on Super-storm Sandy but the
administration and corporations hope that the “sales slump will probably
reverse as brighter job prospects, rising home prices and sturdier finances
boost household confidence. At the same time, [the] report showed Americans
bought fewer non-essentials, which may reflect mounting concern over possible
tax changes and limited wage growth that pose risks for the biggest part of the
economy.” Since it accounts for over 70%
of economic activity, a belt-tightening in the area of consumer spending is a major concern.
Now suppose nearly half of the consumers decided to cut back, to get back to their values, to spend on needs and on those things that
bring real happiness, rather than on temporary satisfaction of an impulse or desire. Suppose nearly half the nation increased
their 401(k) contribution or built up a college fund for their children. Suppose they cancelled vacation plans and spent
time closer to home, buying locally and spending less. Suppose they put off buying a new car for an extra 6 months. Suppose they cut back on restaurant meals in favor of eating at home and ate less in general. Suppose they took a walk around the block
instead of going shopping to replace perfectly good items in their closets with
whatever is newer and trendier. Suppose
people continued from the good start in September by paying down expensive credit
card debt and put off new purchases until they could afford them instead of
charging them based on an expectation of future increases in pay or
home equity. What would happen?
Certainly the economy would not crash. Not enough people would go along with this
plan to make a major impact. On the
other hand, those who did would be doing their share to not support an
administration they oppose. In addition
they would be happier and less stressed, among those least concerned with the
fiscal cliff - the latest crisis that the news media and Washington are panicking
over. They would be learning to live in
closer harmony with their core values of faith, family, etc. by taking a long,
hard look at how they may have been wasting money on products and services that over the long run don’t
add value to their lives.
They would be exercising more discipline, saying no to their
children and especially to themselves, adjusting to more realistic
expectations, not chasing after material possessions or temporary entertainment
that they believe will make them happy, but soon fade, overshadowed by the next
wave of hype-induced yearning.
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