The new stimulus bill that passed Congress today puts a good bit of money in my pocket from actual cash to tax benefits. That’s money I can use to continue to improve our new home, build out our garden, and buy supplies, but that doesn’t mean I think the stimulus was a good idea.
Simply put, the government needs to stop spending money it doesn’t have. We’ve been spending trillions of dollars that have to be borrowed, or created electronically by the Federal Reserve. With the national debt expected to reach $33 Trillion by the end of this year, that house of cards is going to come crashing down at some point. In the meantime, our fiat money will buy less and less. That kind of inflation is an insidious, invisible tax that nibbles away at the money in our wallets and accounts.
I’ve talked about inflation before, so I’m not going to beat a dead horse, but follow my advice and stock up on anything you might need or want before prices go higher. I also expect some desirable items to be in short supply as people use their stimulus checks and their tax returns to go on a spending spree.
Don’t be like the government. Get as debt free as possible.Continue reading “The Check is in the Mail: More COVID-19 Stimulus and Masks in the Great Outdoors”