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It's Federal 'Fat Cats' Obama Should Go After

Discussion in 'Political Debate & Discussion' started by Revmitchell, Dec 18, 2009.

  1. Revmitchell

    Revmitchell Well-Known Member
    Site Supporter

    Feb 18, 2006
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    In “Rich Dad, Poor Dad,” author Robert Kiyosaki explained the different views of wealth that poor and rich people have. Kiyosaki showed readers how to learn from those opposite outlooks and be successful.

    President Barack Obama must be vying to write the latest sequel. Only, Obama wants to turn things upside down. People who make money in the private sector now are evil. Obama made big headlines recently calling out “fat cat bankers on Wall Street.” The only people who are good in Obamaland are government employees.

    And they aren’t just doing good, they are doing well. Really well. According to an excellent report by USA Today, “federal employees making salaries of $100,000 or more jumped from 14 percent to 19 percent of civil servants during the recession's first 18 months – and that's before overtime pay and bonuses are counted.”

    For you statistics wonks out there, that’s an increase of more than a third. USA Today's report went on to show how out of whack federal pay is when compared to what everyone else earns.

    More here
  2. Mexdeaf

    Mexdeaf New Member

    Mar 14, 2005
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    I'm in the wrong business....:laugh:
  3. billwald

    billwald New Member

    Jun 28, 2000
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    >In “Rich Dad, Poor Dad,” author Robert Kiyosaki . . . .

    He presents the best approach for the average working person IF one has the personality for it. His starting place is that a house is only a place to live and not a very good "investment," all things considered. One should buy houses for renting out and live in an apartment.

    I don't have the personality to be a landlord and I like the security of a house free and clear even if it is only worth $100K below median price. And we do put the difference into stock market but it comes out as capital gains, not income.

    If one can't defer spending and save the difference then one's house payment is a reasonable long run forced savings plan.
  4. targus

    targus New Member

    Feb 10, 2008
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    Hmmmmm... living off of financial investments.

    Just like your owners do!

    Sweet !!
  5. Johnv

    Johnv New Member

    Oct 24, 2001
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    Robert Kiyosaki is NOT a financial expert. He is a motivational expert. HUUUGE difference. He generally doesn't give financial advice. Rather, he gives advice about one's attitude concerning personal finance.

    Suze Orman is a much better example of one who gives sound financial advice, but who also gives sound advice regarding attitude concerning finances.