Obama and the tax cut issue

[Kobi]

Interesting article atomic. Thanks for sharing it.

To me, it points out so many flaws in how we have and are disregarding basic accounting principles and defying basic market logistics yet somehow the mess still functions. It astounds me. It also makes me wonder what dastardly deeds are keeping this titantic afloat and when the right iceberg will come along to seal its fate.

On the brighter side, mortgage rates dropped again. Am pleased to have locked in a nifty low rate for my refinancing today.

And, I always thank those who came before me who taught some very valuable lessons:

1. always pay yourself first - i.e. savings before bills, bills before play
2. always keep a stash of actual cash in a safety deposit box
3. at all times, live within your means
4. credit cards are for emergencies only
5. never fully trust bankers, politicians, or lawyers