Comments on: National Debt vs. National Deficit

By: Chrisxx

Chrisxx — Tue, 25 Aug 2009 02:58:26 +0000

Damn….You people are touchy.

By: joe stafura

joe stafura — Mon, 29 Jun 2009 20:10:08 +0000

The analogy that most online “experts” like to use, comparing a household budget to the governments budget, is incorrect.

It is easy to see why they do it, it is simple and appeals to populist outrage, it is yet another embarrassing legacy of the conservative movement.

Comparing buying a pair of Jimmy Choo’s or and iPhone to the operating budget of a country or even a company for that matter shows how little personal wealth advisors know about economics.

So the next time you are tempted to pay someone for “manage your money” stop for a minute and read some of the nonsense that gets spouted by these guys, don’t pay them 2% or $100 an hour to spend your money unless they guarantee results. They won’t do that so you can do just as well with an index fund or some bonds.

By: Sissy Willis

Sissy Willis — Mon, 13 Apr 2009 19:29:18 +0000

Thank you very much! Very clear and elucidating for us financial illiterates out here. I found you in a google search, by the way.

By: Shamsher Singh Mann

Shamsher Singh Mann — Tue, 24 Mar 2009 06:14:46 +0000

Nice one. Short and sweet.

By: Lela

Lela — Mon, 03 Nov 2008 21:59:36 +0000

Didn’t mean to be patronizing. It just all gets jumbled together sometimes.

By: dobbsfox

dobbsfox — Mon, 03 Nov 2008 17:13:19 +0000

Thanks for this informative (if somewhat patronizing) post.