This economy thing is making me nervous. For one thing, I haven’t spent much of my life studying things like interest rates and sub-prime mortgages and the stock market and such. There are lots of folks out there with more money (and some with less) than I have who do though, and they must be nervous too. Just got my year-end statements from my two tiny investments (a 403B and a tax-deferred annuity). This year they only earned about 2% each and lost money this last quarter (they’d been doing much better in previous years). That’s worse than having the money in a simple savings account at the bank. I thank my lucky stars that when I bought the one and only house of my life in 1994 I picked fixed interest rate, not variable, because that’s apparently where lots of home-owners screwed up. So I keep hearing now that Bush has some fancy big stimulus package he’s proposing, but if you think that means that in April or May you’ll get $800 in tax rebates, think again. Workload issues at the IRS would prevent the mailing of rebate checks until after the peak tax filing in late May or early June. And then it could take 8 to 10 weeks to distribute the checks so we’re talking late summer. And even then, I’m totally suspicious that this incentive plan is really about making more bucks for his rich corporate friends. Not that I won’t love to have any amount of $ he wants to send me. Maybe it will help me pay my oil bill that month (which just increased from $70/month to $129/month). Or maybe my health insurance which just increased by 37.5%. Meanwhile my pension and social security income cost-of-living increases this year amounted to a whopping $56/month between them. So I’m scrutinizing my miniature budget more than ever before and hoping this is all a bad dream I’ll wake up from. Voluntary simplicity is a grand idea, I just didn’t want to be rushed.
Deep Thought: “Frank knew that no man had ever crossed the desert on foot and lived to tell about it. So, he decided to get back in his car and keep driving.”
Today I am grateful for: A roof over my head
Guess the Movie: “And that’s the hardest part. Today everything is different; there’s no action… have to wait around like everyone else. Can’t even get decent food – right after I got here, I ordered some spaghetti with marinara sauce, and I got egg noodles and ketchup. I’m an average nobody… get to live the rest of my life like a schnook.” Answer: Goodfellas, 1990. Winner: buddhacat.
Richonomics 101 in Post-Bush Americaby Beth Quinn
I used to feel like a fool for not being rich. I’d see friends taking great vacations, hiring nannies, buying fabulous cars and wearing expensive jewelry. And I’d wonder, what’s wrong with me that I’m not rich? During the dot.com bubble in the ’90s, especially, it seemed like everyone else knew a money secret. But not now. (Rest of article here.)

