If you follow me on twitter, you might have seen me trying to put a bit of American pressure on those in our government. As a business owner, it’s important that we stay up to date with our economy so we can adjust our businesses accordingly and prepare for losses. Which is exactly what Jeremiah and I have tried to do for the past two years.
We quit our jobs from making $10 an hour so we can make more working for ourselves. But while we have succeeded in two years, growth is slow and not as fast to outpace our failing economy. We wanted to put ourselves in a position where if we got hit by the economy again with inflation, we wouldn’t have to worry about not being able to pay our mortgage payment. So we did the best we could and purchased a house that was livable with kids that needed lots of repairs but it kept us warm during the winter and cool during the summer.
And frankly, we can’t take another hit of economic catastrophic failure. So this is why you’ve seen me in twitter trying to give our government my two cents.
In a weird bit of relation to this economic mess, I’ve seen my business plummet last month and this month. Last month I barely survived by just $70 over my sales goal. I usually average $1,000 to $1,500 over my sales goal. That’s how bad it is. This month is no different. The sales are still slow and low considering I’m only 8 days into October. I have another friend who sales on Etsy and she said her sales have plummeted as well. She was even more successful than I. She said that nobody’s looking at her shop anymore.
Without revealing too much, I’ll just say that it’s important that my business stays open and productive for the sake of my family.
I still have a small glimmer of hope that what’s going on in our government will end between now and the deadline, before American slips in to a Great Great depression. Everyday I check all the news sources for an ounce of hope that our government is working to resolve this issue, and instead I find a bunch of people sitting on their thumbs and pointing fingers. I’m hoping by each hour that things will improve, and I’ll read something positive that won’t jeopardize so many lives.
Expect this to happen if America Defaults
I’ve discussed this issue with a few facebook friends and they’re completely oblivious to what is going on. But here’s what you need to know about why we may slip into a great, great depression.
- 47 million on food stamps (google this, you’ll find lots of credible sources)
- Lots of people on social security, Medicare and Medicaid (the numbers are too confusing for me to figure out the math). But feel free to research yourself if you want to know the exact number of people that will be effected
There’s about 313.9 million people in America (once again, google it). If our government defaults on October 17th, then that leaves 15% of our American people to complete destruction (take total population and divide it by the number of people that won’t be receiving food stamps any longer). Our government will not have the money to give to farmers to keep dairy products low (google it). You will see inflation at the grocery store, then your heating, cooling, water bills and etc. Those Americans that are barely making it without government help will slip into poverty because they won’t be able to battle the rising costs due to inflation (I can vouch for this, it almost happened to us a few years ago so we moved houses). That 15% will increase. Increase to what? Who knows. They’ll be more home foreclosures.
The effects of a default will be rippling, hurting and painful. It’ll be hungry. And when people are hungry they’ll fight to survive…
Like I said, since Jeremiah and I were in this boat a few years back, we don’t want to go through this again. This is why we’re more aware of our surroundings. We’re more aware of what happens in our economy, and in politics. And every day we fight the battle just to survive by working our tails off.
I’ll be frank and honest with you, Jeremiah and I have an action goal in place just so we could avoid economic turmoil if the economy was to fall again. And honestly, it doesn’t look like we can complete our action plan unless something drastically changes in the next 9 days. There’s going to have to be lots of changes. My business is going to have to excel at a fast growth rate to keep up with inflation.. and frankly I don’t know if it will since last month and this month seem to be crashing.
So I do have a bit of hope that something will change with our goverment. But now you see why the fear is so deep in me and I’ve taken it up on twitter to pressure our government to solve the issue. Oh, and I’m still working my tail off to prevent my business from continuing in a downward spiral.
PS – I’ve stockpiled on some posts, so things will appear that they’ve returned to normal until. I’m hoping in reality, that things will return to normal and America won’t default.