Real Estate Information Archive


Displaying blog entries 1-2 of 2

Dave Ramsey's Thoughts on The National Debt

by Leslie Edwards

As a Dave Ramsey Endorsed Local Real Estate Provider, I regularly receive interesting information from Dave.  One of the things I like about Dave Ramsey is that his message is clear and he presents a plan that anyone can follow regardelss of the amount of their debt.  Another thing I appreciate about Dave is that he makes no bones about his politics. 

If you need help with your finances, call Dave.  If you need help with real estate, call me.

leslie edwards                                                                                                     770.460.9448 direct                                                                                            RE/MAX Around Atlanta                                                                                     

Dave's Thoughts on the National Debt

Dave's Thoughts on the National Debt The nation's debt now exceeds $13 trillion. Yes, $13 trillion. You know what you could do with just $1 trillion? You could pay the rent for every renter in the U.S. for three years or pay the monthly payments on all U.S. mortgages for 14 months. A $1 trillion stack of $1 bills would wrap around the equator 2.72 times!

And $1 trillion is just a fraction of the money the U.S. owes. Since Dave can't stand debt, including the national debt, he had some tough things to say as he discussed the issue recently on The Dave Ramsey Show. Listen to the clip here.

What Is National Debt?
The government uses debt to cover its expenses when it spends more than it makes from taxes or other revenue sources. There is no requirement that the country operate on a balanced budget, so, since the country was founded, the national debt has continued to grow.

In 2008, the national debt stood at $9 trillion—the total debt for the entire history of the U.S. In two years, we added $4 trillion to our debt, increasing it by almost 50%!

It is no different than one of us racking up credit card debt on groceries, then getting a car loan and a mortgage on top of that. All the money you make goes to keep up your payments. Not smart.

The Lines Are About To Cross
While $13 trillion of debt is overwhelming to think about, what's worse is the breakneck rate of spending. It only took six months to go from $12 trillion to $13 trillion!

Imagine the U.S. debt and revenue as two lines on a chart. The revenue line is pretty flat, if not declining, but the debt line is shooting straight up. The two lines are about to cross, and that means the country's debt will exceed its ability to pay the payments.

A Political Revolution
The majority of people in America want an environment that gives them a shot to make their own money, and they are not happy with the redistribution of wealth that is happening today. The ballooning debt is just one more reason for a political revolution—to fire the politicians who are doing the spending, regardless of their party.

That's why Dave doesn't buy in to the gloom and doom some political analysts believe. He talks with people all over the country who are angry about the direction the country is headed, and they are not willing to put up with it anymore.

Our debt problem has given our country the opportunity to come up with a solution. With such an impressive problem, the solution it inspires is bound to be great!

Health Care Smealth Care

by Leslie Edwards

Subject:  2011 W-2 Tax Forms--Surprise, surprise!

 Should you want to verify this, go to, enter "HR 3590" 
in the search box and look for "CRS Summaries."  This is what you'll find. 
Title IX Revenue Provisions—Subtitle A:  Revenue Offset 
"(Sec. 9002) Requires employers to include in the W-2 form of each employee 
the aggregate cost of applicable employer-sponsored group health coverage 
that is excludable from the employee's gross income (excluding the value of 
contributions to flexible spending arrangements)." 

 Starting in 2011—next year—the W-2 tax form sent by your employer will be 
increased to show the value of whatever health insurance you are provided.   
It doesn't matter if you're retired. Your gross income WILL go up by the amount 
of insurance your employer paid for. So you’ll be required to pay taxes on a larger 
sum of money that you actually received.

Take the tax form you just finished for 2009 and see what $15,000.00 or $20,000.00 additional gross income does to your tax debt. That's what you'll pay next year. For many it puts you into a much higher bracket. This is how the government is going to buy insurance for fifteen (15) percent that don't have insurance and it's only part of the tax increases, but it's not really a "tax increase" as such, it a redefinition of your taxable income. 
Also, go to Kiplinger's and read about the thirteen (13) tax changes for 2010 that 
could affect you. 
Additionally, the current 2.9% Medicare tax goes up to 3.8% and in addition to applying to payroll taxes, now also applies to interest, dividends, incentives, & all other income types.
Remember, the Bush tax cuts expire at the end of the year...that places everyone in a higher tax bracket.

Yet another very good reason to vote in the primary and the November elections.  Vote out the tax and spend politicians, whether they are Democrat or Rebublican.  The only change in the direction this country is taking will be the result of our votes.  See you at the polls. leslie edwards

Displaying blog entries 1-2 of 2

If you hear of anyone who wants to buy or sell in any of these areas, please mention me and then call me so I can contact them. I appreciate your referrals!