by: Tom Libertiny
Beginning with President Woodrow Wilson in fiscal year 1917, the U.S. has run a cumulative budget deficit every year. In 1916, President Wilson’s $63 million cumulative surplus switched to a $790 million cumulative deficit in 1917. He managed this by being the first president in the 1900′s to ever spend nearly $1 billion over his revenues while also being the first president with a multi-billion dollar source of collected revenue. That’s the financial cost of war–specifically, World War I.
Since World War I, from a cumulative deficit perspective, the U.S. has never recovered financially due to spending incurred by each subsequent major outlay of funds: Wars, social engineering programs or depressions/major recessions. During 2010, our total cumulative deficit is over $8 trillion dollars. That means that each living person in the U.S. has an equivalent debt of nearly $27,000.
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Posted in category: Government
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by: Tom Libertiny
During my keynote address last year at the University of Houston in the great state of Texas–”Starting Your Own Technology Business.” Sounds easy. Especially in this economic climate.
But the reality is that this recession is a once-in-a-lifetime benefit for those who have the courage and who are in the financial position to start a business. Many of the most successful businesses were started during economic downturn. Microsoft comes to mind.
Why?
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Posted in category: Business, Jobs
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by: Tom Libertiny
We believe so strongly that having a basic budget can change your life for the better, that we’re giving away our budgeting software for free.
Makes budgeting simple. Find out where you spend your money, reduce your spending and save for that great vacation or spa treatment.
Click to download: http://www.libertiny.com/libertinyfinancial3/libertiny_financial_simple_family_budget_2_2.xls
Posted in category: Family Budget, Software
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by: Tom Libertiny
How much of a difference does paying an extra $10 or even $100 per month make in reducing the time to pay off your loan. Should you pay off your loan?
These are some of the questions that you can answer with our loan analysis software.
Download it for free here:
http://www.libertinyfinancial.com/libertiny_financial_loan_analysis_1_1.xls
Posted in category: Family Budget, Software
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by: Tom Libertiny
If you’re looking for a job or someone has contacted you and asked you to join their firm a variety of questions tend to cross our minds:
- What’s the new job like?
- Will the people be good to work with?
- How much money will I make?
The last issue is generally comprised of Salary, Bonus, and Benefits. With the cost of benefits continuing to escalate much faster than inflation, the quality and financial value of your benefits need to be a part of your financial analysis.
Here are the 4 steps needed to make a well informed, apples-to-apples comparison of the total compensation being offered.
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Posted in category: Family Budget, Jobs
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Beginning with President Woodrow Wilson in fiscal year 1917, the U.S. has run a cumulative budget deficit every year. In 1916, President Wilson’s $63 million cumulative surplus switched to a $790 million cumulative deficit in 1917. He managed this by being the first president in the 1900′s to ever spend nearly $1 billion over his revenues while also being the first president with a multi-billion dollar source of collected revenue. That’s the financial cost of war–specifically, World War I.
