Today I Learn… I make a point of learning something new everyday. This is what I learn each day

1, Jan 24, 2009

An Old-Fashioned Saying: A Penny Saved is a Penny Earned

Filed under: Money — admin @ 12:07 am

I explained to my child about the dire situation our economy is in on our way home yesterday. By the end of our conversation, she came to understand why creditor nations have to keep US economy alive by constantly lending tons of money to us. She knew how we got ourselves into this mess in the first place, that is, Bush’s favorites — the two wars which both parties supported but neither realized the burdens of wars.

There is an interesting site that gives a running dollar costs of Bush War. Do a google search with this, costofwar_home and watch the cost being building up every second as I am writing, — rushing quickly to reach $600,000,000,000 and up and up.

I remember during my first year of English study I read something like this from a book on Ben Franklin, “A penny saved is a penny earned.” Yes, I feel so stupid and sound so much like a person in your history book when I quote something like saving a penny while I am witnessing billions of dollars dumping into a bottomless sea every second and non-stop, and knowing the wise politicians are talking about borrowing more without any intention of stopping this dumping.

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