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The Primary Balance Budget - The Dollar Stretcher
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The Dollar Stretcher blog will explore people and money.

The Primary Balance Budget

Hello to all my Frugal Friends!

I've always enjoyed words. Even when I was in school I was fascinated by the origin of various words. I still remember when I learned about the Oxford English Dictionary. If you're not familiar with it, it traces today's words through history to other languages. Almost like the ancestry of a word. Their website is pricey ($295 per year), but you may find the print edition in your library.

My love of language causes me to listen to new phrases and think about what they mean. I heard an interesting one the other day. Seems that the White House is saying that their budget proposal is in "primary balance." By that they mean that what we're spending is balanced with our income - if we ignore the interest on the money that we've already borrowed. BTW that interest will cost us $207 billion this year alone!

My guess is that many of you would like to work under a "primary balance" budget. No more mortgage or car payments. Forget about paying off those credit card balances. Just ignore all the money that you've already borrowed.

You get the point. It's an absurd way to look at a budget. Ignoring past debts and the interest that you owe on loans isn't allowed in the real world. Even in the sometimes pretend world of government finances.

So if you hear any of our elected representatives saying that they're proposing a budget that's in "primary balance" call them on it. Tell them that you live in the real world and won't buy their fancy words. You understand that they're really proposing a budget that does NOT balance. And, that it's time for them to quit spending money that you and your children cannot afford to pay.

Keep on Stretching those Dollars!

Gary

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About Gary

For more than 25 years, Gary Foreman has worked to manage money effectively. Prior to starting The Dollar Stretcher, he was a financial planner and purchasing manager. While helping clients manage their hard earned money as a financial planner, he applied commonsense, time-tested techniques during the turbulent 1980’s. The experience convinced him that you didn’t need to hit the lottery to accumulate significant wealth. Following that, Gary had an opportunity to learn more about how to get the best value for a dollar spent in the corporate world. As the Purchasing Manager for a computer manufacturer, he was responsible for supervising over $10 million in annual purchases. Gary began The Dollar Stretcher website <www.TheDollarStretcher.com> and newsletters in April 1996. Over 300,000 readers benefit from the time and money saving ideas presented in The Dollar Stretcher newsletters each week. His mission is to help people "Live Better for Less". He also provides private label newsletters for companies wishing to provide money saving information for their clients and/or prospects. Gary lives in Florida along with his wife of thirty years and their two children. Much of his time is spent working with the men's ministry of his church. One of their ongoing projects is the "Holy Smoke BBQ" which sells bbq on Friday nights with the profits going to support local foster kids and orphans. When he has a free moment you’ll find him restoring a Checker station wagon nicknamed “Two Ton” or cruising in a '65 Impala SS Convertible with doo-wops playing in the background.

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Gary is a former financial planner and purchasing manager who edits The Dollar Stretcher website <www.stretcher.com> and newsletters. You can follow Gary on Twitter.com/gary_foreman
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