Personal Finance Reality Found In President Obama's Inauguration Speech

[jeffrey]

What gives this sentiment a particularly distasteful feel is that we are being lectured on self-responsibility by men and women who wear designer suits on television, and are worth millions of dollars. Suze Orman might tell us to “stand in your truth,” but when pressed on her own personal budgeting, she says she only flies private jets when travelling on business. Would that we all had such financial problems.

Don’t get me wrong. Of course, we should all strive to lead the most financially responsible lives we can. But no one – to the best I can determine – is arguing that we should lead lives of reckless monetary abandon, spending like the proverbial drunken sailor on shore leave. However, bad things do happen to even the best savers and investors. Foreswearing a Starbucks latte cannot prevent ill fortune. Refusing to take part in a recession can’t stop it from impacting you or your loved ones...

Barack Obama's Inauguration Speech, Personal Finance and The Quality of Mercy - Forbes

[bjl584]

We should take care of people that fall on hard times due to no fault of their own. That is a noble thing to do.

What I can't agree with are the people that turn government social programs into a way of life. Collecting welfare and foodstamps for decades without ever trying to improve their lives in any way at all. Essentially being the takers in society. Allowing the producers to support them for their entire lives, abusing the system, and being a drain on public funds.
Whether done on purpose or whether it is occuring as a result of the way that the systems are set up, I certainly don't agree with it.

[Wino]

You're suggesting we take financial advice from someone who is spending $1,500,000,000,000.00 more than he is allotted as income?

[phantom]

You're suggesting we take financial advice from someone who is spending $1,500,000,000,000.00 more than he is allotted as income?

I've got to admit that's something I haven't figured out how to do yet. If he could teach me how to spend that much more than I bring in, I wouldn't have to worry much about other aspects of money management anymore.

[murphyc]

Waste of money...

that could so be better spent in many ways, that's all I could think of when watching the inauguration. Second term, so should be business as usual, but there's always a party. Depressing to watch.