With the re-election of Hussein Obama, America is beyond screwed. We’ll all need to be able to speak Greek. Between the gargantuan deficit and runaway regulations it will be a miracle if anybody has a job by 2014.
The 53% (those who pay income taxes) need to pursue a course of action similar to that of the fictional character John Galt. Few of us are wealthy enough to completely isolate ourselves, but we can approximate his fictional actions and here are some ideas.
1. Liquidate everything you can by the end of the year. Convert it into cash and squirrel that cash away.
2. Stop buying stuff. At least anything beyond the absolute essential. The military calls it “beans, bullets, batteries, and fuel.” Make what you have last. If you have to buy a replacement, buy used. Try to barter if you can. Craigslist is full of stuff that costs a fraction of what new stuff costs. Lay in a stash of ammunition, canned food, the myriad batteries we use commonly, and some storable fuel to keep you warm in the winter. Above all, defer purchase of big-ticket depreciating items like houses and cars. Pay off your old house and car if you can.
3. Minimize eating out. Minimize entertainment. Both are more expensive than you think.
For instance, I’d planned to buy some new carpet because of a spot in one room. Now that plan goes out the window. I’ll find something to cover it until the storm passes. Also, at the end of the NFL regular season, I’m cancelling my cable TV account. Internet access only. I stashed two tons of anthracite coal for my heating stove.
Don’t worry about the economy. The 47%ers (who pay no income tax) and blue state O-Bots are flush enough with redistributed wealth to keep the consumerist economy going.