Thursday, January 24, 2008

IS IT ALL GOING IN ONE EAR AND OUT THE OTHER?

Whenever an individual who is in financial trouble goes to a credit counselor the first thing the counselor does is cut up the individual’s “plastic” – i.e. credit cards. No more borrowing!

The second thing is to set up a “bare-bones budget”, cutting out all unnecessary spending.

Good advice for an individual in financial trouble.

The advice is equally good for a State in financial trouble – like New Jersey.

“Uncle Jon”, are you listening?

TTYL

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