Wednesday, August 27, 2008

Running Out

So The Lowe's has started an automatic enrollment program for the 401-k. I can't knock them for doing it. Sometimes we young people don't look to our future. We are having too much fun in the present. I have known about all the different ways to gain wealth from my younger years. I see my dad as a business man so I've had to hear about ESOP's and mutual funds since I was in high school. And don't forget that I went to school for management. So I know enough to know that I should have enrolled in the 401-k a long time ago. Social Security will be gone by the time people my age are ready to retire so we have to have a back up plan. It's hard not to spend, but you always have to put something away. This election is so important because the economy is in such bad shape. Four years of McCain will put us deeper in the hole because he has many of the same ideas that Bush had and we all see how those turned out. The cost of living continues to go up but it seems like the average salary keeps going down. So how can we save when we are spending so much of that check that we impatiently wait for every other Friday on necessities? Don't even get me started on taxes. I'm putting all this money into Social Security and I won't see a dime of it. That's a very deflating statement. There is no easy answer to this problem. The Bush Administration has done such a terrible job handling government spending that we are fighting an uphill battle all the time. They spent so much money on the war in Iraq and raise gas prices, but they don't spend any money on the educational system. With all the money they're wasting, we should have a cure for cancer. With the recent passing of Gene Upshaw and my own great aunt, it's obvious they haven't found one yet. Something has to change. But what???

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