“I agree with you that having a saving nation seems at odds with what we’ve been told about economics in our country recently, that our current problems are worse because no one is spending very much if at all possible, causing even more economic problems for recovery. I heard Dave Ramsey say the good part about Cain’s 999 was that it would cause more people to save more instead of spend more.”
Here, let me explain.
We don’t want a nation of ‘savers’. We want a nation of ‘investors’. There is a huge difference.
When money is saved, it’s put in a savings acct or under a mattress and it doesn’t do anything for anyone. The money actually loses value as it sits fallow with the gradual rise of inflation.
But INVESTING... ho, baby! That money is vital. It builds start-up companies and helps business to grow. Invested money helps dreams come true.
And the investor gets paid back by making money off their investments. It more than makes up for inflation.
In a *popping* economy, people make money. People make money just by letting the money work for them.
Now I’m not talking about a ‘bubble’ where there is an artificial inflation of a stock that’s not realistically able to be maintained. I’m talking honest-to-goodness growth.
Cain’s plan encourages investing and we’ll have the economy to back it up. Even poor people who could scrape together $50 a month would be able to get in on the action.
If we can pull this off and maintain it for the next 20 years, none of us would every have to worry about eating Alpo in our golden years.
And yes. I said ‘we’, not just Cain. Because it is US who’s going to have to hold our congress-critters’ feet to the fire to get them on board with this thing.
Marie,
Your post here is very inspirational! In fact, I was almost ready to run out the door and stick some money somewhere good! LOL
I do mean that too. It was a very refreshing and motivational post.
However, as good as your advice on investing any possible saved money might be, as fiscal conservatives, we should not stand by and silently allow federally-run entitlement programs to be added to the 999 plan.
We have come SO far in getting our country to hear us fiscal conservatives. We did not get the Congress to do exactly the best thing, but they heard us and we got more than ever before in that last deficit debate. If we sit silently and inadvertently by inaction promote or even just tolerate a liberal fiscal agenda now, no matter how nice everything around it may look, we have lost all we have fought for these past few years.
Yea, go ahead and invest when our economy is better once more, but for now, we conservatives need to continue standing for fiscal conservatism, and letting liberal entitlement programs get attached to a new national tax program is NOT what a conservative should sit by and passively let happen.
Conservatives need to stand up and tell Cain “NO federal empowerment zones and NO federal enterprise zones” connected to his 999 program, no way and no how.