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The U.S. Financial System and the Hidden Costs of Home Ownership
Written by Deb St. George, Publisher, BusinessNewsDirectory.com   

The Outstanding Public Debt
as of 29 Sept 2008 is
$9,857,306,411, 894.56

From the National Debt Clock:
The estimated population of the United States is 304,815,165 so each citizen's share of this debt is $32,338.64.

The National Debt has continued to increase an average of $2.32 billion per day since September 28, 2007! Concerned? Then tell Congress and the White House!

Added to that is a proposed initial bill to bailout the U.S. financial system. This measure, which involves the government acquiring or insuring as much as $700 billion of troubled mortgage-backed securities, is intended to reduce the level of uncertainty regarding these assets and restore confidence in the credit markets.

People in the United States are losing their homes because of higher property taxes.

We started paying on our home 20 years ago. Our home cost $24,500. Our house with little improve is now value at $200,000. We are paying more taxes on the home than they did in purchasing the home. Even a home that has little improvement made to it is taxed at a higher rate because the law states that market value determines that tax on the home. The market value of a home is determined by how much a house in the area is selling for. The land our house sits on went from $72,000 to $80,000 for .1 acre in King County Washington. The house value with no improvements to jumped from $180,000 to $200,000. Who do you know that gets a $28,000 raise per year? We are in our 50's. The good jobs we had that paid a living wage $20-$24 an hour are now outsourced jobs. We are working in the $10-$15 an hour range because there are too many people and not enough jobs. I don't know of anyone who gets a $28,000 raise per year. My husbands union got him a 3 cent raise for the next 3 years!  People are bailing out on their mortgages because of the taxes on the houses. Affordable housing is almost nonexistant in WA because people are now working service jobs instead of professional jobs.

The above bailout is not going to help the American public. Lowering their taxes so they can afford to live in a house might help them. As seniors we will not be able to afford the taxes on our house in our later years as the house prices keep going up and the wages we receive do not. The government doesn't realize all the hidden costs of owning a home. We are accessed a Homeowners Association cost, a higher utility bill cost because Homeowners Association had to put in water pipes ($40 for the next 30 years) and all our utility bills have taxes on top of that. We as U.S. citizens are taxed to death!

The U.S. has assets it can sell to help reduce the debt!

"Foreign investors now hold slightly less than 50% of the publicly held and publicly traded U.S. Treasury securities, 25% of corporate bonds, and about 12% of U.S. corporate stocks. The large foreign accumulation of U.S. securities has spurred some observers to argue that this foreign presence in U.S. financial markets increases the risk of a financial crisis, whether as a result of the uncoordinated actions of market participants or by a coordinated withdrawal from U.S. financial markets by foreign investors for economic or political reasons. Concerns are also growing that over the long run U.S. economic policies and the accompanying large deficit in its international trade accounts could have a negative impact on global economic developments, especially for the economically less developed countries."

What does this mean? It means that we are not only outsourcing our work to foreign countries leaving only service jobs for Americans. (Why should our children go to school to get degrees when they will have no way to pay for those degrees because their jobs are going overseas?)

Add to that we have money for bombs to destroy foreign industry and then money to repair the damage we've done on foreign soils but we don't have money to house U.S. citizens, people who used to have jobs and feel that their lives were of some value but are now homeless thanks to dwindling jobs and soaring costs! How is it that we do not have money to feed our U.S. Citizens but we have money to buy war toys! We can afford to chase homeless people around destroying their little encampments but we cannot afford to give them a hand up, some education, a place to stay until they can get on their feet. What is wrong with this picture? What is wrong is that these homeless people once had jobs and they paid their taxes. They do not deserve to be forgotten or trampled over.

The United States most valuable asset is the lands it holds. The United States owns over 3/4 of the land in the United States and is doing nothing with most of it. Land will go up in value so at least it had the forethought to save something of value that it could lease out or sell at a later date. The United States also owns copyrights and patents that it could lease out to foreign countries.

When people have no money they have to sell something because at a certain point no one is going to give them money if they cannot pay it back. In this case the U.S. government is purposing taking more money from the U.S. people and their children by going into the private markets and bailing them out.

The best thing the government could do at this point is to use what they have to get the U.S. out of debt... not to get us further into debt. We have homeless engineers in poverty walking the streets because they have no jobs....instead chasing these people about as if they were worthless why not retrain them and use their skills!

Our people are our riches. When we hurt one of our citizens we are hurting our society as a whole. When we treat one person as being worth less than the next person then we have to ask ourselves where do our principles lie as a society. I've seen so many companies profess an ethical standard but I have yet to see a good business who walks its talk.

Say NO to higher taxes! The U.S. government has assets that could be making U.S. citizens money. There are food commodities on government lands that could be used to feed the homeless. The U.S. government has been busy asking for more money... when in fact they should be thinking of ways of using what they already have to create more money. They have a whole homeless workforce out there that could be put to work. What a shame we have to burden our children with a lot of debt!

 

 

 

 
Business Capital from Business Cash Contests
Written by Deb St. George,Publisher, BusinessNewsDirectory.com   

Looking for start-up capital? Let's look at some contests that you might enter to win some money!

The second annual $100,000 Forbes.com Boost Your Business contest is getting ready to roll and they'll be accepting submissions for the first round of the contest on April 2, 2008.

COLUMBIA - South Carolinians have big business goals and great ideas! The 2008 New Ideas for a New Carolina statewide business idea contest has been receiving many great submissions since the contest opened in late January. Open to all South Carolina residents at least 18 years old, dreamers and would-be entrepreneurs have until May 1 to enter for the chance to win seed money and access to FastTrac programs to make their business idea a reality. Entries can be submitted at http://www.newideassc.com

Ethanol Contest


Got a burning desire to fuel the change to a cleaner, greener America? We're handing you the keys - grab a camera and show us in 30 seconds how we all could be using Ethanol to promote a cleaner environment. If your video wins the Grand Prize, you will be $10,000 richer. Your video may even be shown on the TV coverage of the Indianapolis 500®! And, rating at least one video automatically enters you into the Weekly Sweepstakes for that week. You're invited to help Fuel The Change to a better environment, a better America, and a better earth. Create a 27 second video promoting the advantages of ethanol. How is ethanol a part of your life? How do you see ethanol making a difference in the environment? Or, describe your burning desire to drive Americans to use ethanol.  http://www.fuelthechange.com begins on January 28, 2008 at 12:01 a.m. Central Daylight Time (“CDT”) and ends on May 5, 2008, at 23:59 CDT


Texas Instruments - Create a short video (90-seconds or less) and tell us what the future holds for voice technology in your eyes. Grand Prize: Home Theater System complete with 56" Samsung High Definition DLP® television with 1080P resolution, a receiver, and 6.1 surround sound audio valued at: $4,000 Runner up (3): Slacker personal internet radio players valued at: $299 each Videos must be not more than 90 seconds long. All entries must be received by Organizer not later than midnight PST on May 13, 2008.

The X PRIZE Foundation and Progressive jointly announced the company’s Title Sponsorship of the Progressive Insurance Automotive X PRIZE competition and its funding of the $10 million prize purse. See Video of the Announcement Press Conference at the New York Auto Show: Part One; Part Two; Part Three

 
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