I just read a ridiculous column in The Richmond Register about the horrors of living on minimum wage. You can read it here.
One part that jumps out was this: "It's hard, that's why you get credit cards," said Tiffany Cooper, a junior at EKU.
Hey, that's the mentality that made America great. Here's another: "let’s create a monthly scenario: Your rent is $400, you spend $200 on groceries, car insurance is $120 and your car payment is $100. This amounts to $820, just $4 less than what you’d make a month before taxes!"
While monthly EITC credits, WIC, food stamps, welfare, Medicaid, CHIP, etc. take some of the sting out this example, what jumps out at me as a problem is the car payment. High quality older cars have glutted the market to the point that very functional $500 are readily available. There is no reason for someone struggling to buy food to be carrying a car payment around as well. My wife and I drive two vehicles that are worth less than $3500 combined, despite fitting firmly into the demographic car dealers strive to provide shiny four-wheel self-expression. The point is two-fold: going in to debt to finance a lifestyle beyond your means is foolish and almost always causes misery. Also, living beneath your means can be fun, creates good habits, and is an almost surefire way out of many financial woes.
We all talk about Mexicans sneaking into this country to get on welfare, but not so much about the Vietnamese, Koreans, and Russians who struggle to get here to start a business and pursue the American Dream. Many of them succeed though they start with little or no ability to even speak the language. And we want an act of Congress to subsidize further the lifestyles of native-born Americans who refuse to break their habits of cable television, fast food meals, credit cards, and new cars?
Saving money and making do are two things people do when they are determined to succeed, often against greater odds than you or I have ever faced.
The best time to buy a car is Sunday night or Monday morning, when the car dealers are wrapping up the weekend with an inventory of low priced trade-ins that will be sold off to wholesalers by Tuesday. Low offers for those vehicles are often gratefully accepted. That's one big money-saving idea. Got any you would like to share?
Sunday, September 10, 2006
Senator Daily Kos Speaks
Lack of credibility on national defense has dogged permissive Democrats and the sense that their candidates would "cut and run" if elevated to Congressional majorities has buoyed Republican chances in a difficult year.
Senator John Rockefeller (D-WV), also known as Senator Daily Kos, has said what Americans have only feared until now: Democrats want to step up the appeasement in the war on terror.
WCBS-TV in New York reports: "Does Rockefeller stand by his view, even if it means that Saddam Hussein could still be in power if the United States didn't invade? 'Yes. [Saddam] wasn't going to attack us. He would've been isolated there,' Rockefeller said."
And these people want us to trust them with Iran, North Korea, Lebanon, and Syria, not to mention critical domestic issues like entitlement reform, education reform, and government spending where they also fail to see any problems caused by liberal policies.
Senator John Rockefeller (D-WV), also known as Senator Daily Kos, has said what Americans have only feared until now: Democrats want to step up the appeasement in the war on terror.
WCBS-TV in New York reports: "Does Rockefeller stand by his view, even if it means that Saddam Hussein could still be in power if the United States didn't invade? 'Yes. [Saddam] wasn't going to attack us. He would've been isolated there,' Rockefeller said."
And these people want us to trust them with Iran, North Korea, Lebanon, and Syria, not to mention critical domestic issues like entitlement reform, education reform, and government spending where they also fail to see any problems caused by liberal policies.
Saturday, September 09, 2006
Racino Bill Pre-Filed For 2007
Gambling interests are making another move on Kentucky.
The problem with pinning the hopes of the state on gambling is simple. The real dollar costs associated with setting up casinos are significantly higher than promised tax revenue from the gambling. Frankly, it is a bargain to let those who want to drive to Indiana go there.
This racino business is just a back door method for increasing the size of government and raising taxes.
The problem with pinning the hopes of the state on gambling is simple. The real dollar costs associated with setting up casinos are significantly higher than promised tax revenue from the gambling. Frankly, it is a bargain to let those who want to drive to Indiana go there.
This racino business is just a back door method for increasing the size of government and raising taxes.
Billy Harper Running For Governor
The AP is reporting Billy Harper is ready to announce he is on board to run for the GOP nomination for Governor. The real question is, who is his running mate going to be?
Cold Kentucky Cash
Disgraced -- but still in office -- Congressman William Jefferson (D-LA) saw his eventual prosecution take one big Kentucky step closer when Louisville "businessman" Vernon Jackson was sentenced to federal prison for bribing Jefferson. Rep. Jefferson made international news this summer when $90,000 in bribe money was found in his freezer.
Friday, September 08, 2006
Standing For Nothing
Congressional Democrats have succeeded in stopping much of Republicans' progress on important issues. As we enter our last decade of any measure of solvency in Social Security, Nancy Pelosi issued a press release with no new ideas on the subject.
We still need action on immigration, extending tax cuts, entitlement reform, and energy independence, but the problem is the Republican majority is too small.
At least we criminalized Horse Burgers!
We still need action on immigration, extending tax cuts, entitlement reform, and energy independence, but the problem is the Republican majority is too small.
At least we criminalized Horse Burgers!
School Choice Friday
Rep. Stan Lee will hold a press conference in the Capitol Rotunda next Thursday to announce a school choice bill.
The KEA won't let the Democrats discuss this critical issue intelligently, but it will be very interesting to watch the interested parties come together to promote real improvement in public education in this state.
The starting point is the abuse of special education students by pubic school systems.
The KEA won't let the Democrats discuss this critical issue intelligently, but it will be very interesting to watch the interested parties come together to promote real improvement in public education in this state.
The starting point is the abuse of special education students by pubic school systems.
Thursday, September 07, 2006
Grayson In The Spotlight Again
Impeccable timing is becoming a Trey Grayson hallmark. Looks like everyone is talking about him and spelling his name correctly today -- even the liberal bloggers.
Breaking The Logjam
Nancy Pelosi isn't going to like this.
Democrat Congressman Dan Boren of Oklahoma has broken through his party's restriction against supporting HR 25, The Fair Tax. Closer to home, Rep. Mike Pence (R-IN) also signed on as a cosponsor yesterday.
Democrat Congressman Dan Boren of Oklahoma has broken through his party's restriction against supporting HR 25, The Fair Tax. Closer to home, Rep. Mike Pence (R-IN) also signed on as a cosponsor yesterday.
Playing To The Peanut Gallery
"There was a complete systemwide effort to purge the merit system of anyone but Republicans," Attorney General Greg Stumbo told Sue Wylie on her Lexington radio show this morning.
Nothing Going On: How About A Headline?
This should be a good indication of what the next fourteen months will look like. Wall-to-wall merit hiring scandal. Hey, I thought that was over!
What is over is any chance of an effective defense.
What is over is any chance of an effective defense.
Wednesday, September 06, 2006
Slick Willie Coming To Lexington?
A good source reports perjurer-in-chief Bill Clinton is coming to Louisville in October to help raise money for Kentucky Democrats.
Don't Blow Up My WalMart
The Democratic Party's war on WalMart took an odd turn this morning in Nicholasville when a young man named Kenneth Wesley Brady was arrested for terroristic threatening.
2007: Expanding The Slates?
Gubernatorial hopefuls for 2007 in Kentucky are taking an unusual approach to next year's campaign: putting together de facto teams of candidates for all the constitutional offices to run together as expanded slates in the primaries.
Developing...
Developing...
Money-Motivated Learning In America
Robert Samuelson has an interesting essay about formal education versus lifelong learning in America.
He says Americans' thirst for practical knowledge is an explanation of our high productivity despite our schoolkids' poor standing on international math and science tests. In short, we start learning when it starts mattering to us financially.
The trick is to engage that motivation before middle school.
He says Americans' thirst for practical knowledge is an explanation of our high productivity despite our schoolkids' poor standing on international math and science tests. In short, we start learning when it starts mattering to us financially.
The trick is to engage that motivation before middle school.
Return Of Government Takeover
The Lexington Herald Leader is back on the water takeover bandwagon. The evil perpetuated by RWE now involves the most democratic of business moves: taking their company public.
If all those energetic folks who want the government to condemn the water company really want local ownership, they should put their money -- and not taxpayers' -- where their mouths are. Buy some shares.
Today's editorial adds nothing of value to the debate. Just more whining. More on the way between now and election day.
If all those energetic folks who want the government to condemn the water company really want local ownership, they should put their money -- and not taxpayers' -- where their mouths are. Buy some shares.
Today's editorial adds nothing of value to the debate. Just more whining. More on the way between now and election day.
Tuesday, September 05, 2006
Merit Hiring Mess Starts Again
With a bipartisan grouping of three nominees for the Personnel Board, AG Greg Stumbo begins anew his death of one thousand cuts for Governor Ernie Fletcher.
The bleeding caused by Republicans was slowed briefly two weeks ago when the criminal case against the Governor was dismissed, but it should begin again soon as Stumbo's Personnel Board coup takes shape.
The bleeding caused by Republicans was slowed briefly two weeks ago when the criminal case against the Governor was dismissed, but it should begin again soon as Stumbo's Personnel Board coup takes shape.
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