STRUGGLING

One of the premises of “Are You Ready” is that this country, if current fiscal policies do not change, is doomed to an economic collapse that, of course, would affect the whole world. Many people pooh-pooh that possibility, having faith, (or is it gullible ignorance?), in our federal government. But many economists think the collapse is inevitable. More information is on Andy Sutton’s website: my2centsonline.com. Educate yourselves and form your own opinion.

I tend to also view the current economic situation as dire. In my story, I used a war in the Middle East and China playing their financial trump cards as the catalyst for the collapse. The cause of the forthcoming regression, however, might not be one of such a grand scale, but instead be very subtle. We can read what the experts write and listen to the media’s perception of the way things are, but that doesn’t mean we can see the signs.

On a personal level, I see the signs and I’m struggling. My wife is self-employed and none of my three employers provides health insurance, so we as a family have that bill to pay. Blue Cross/Blue Shield has just requested a 9.9% increase from the state insurance board for our plan. That’s $885 per year – after taxes. My wife pays 15.3% social security taxes, none of which we ever expect to get back. Roughly calculated, including the tax breaks we receive on our 1040 schedule for paying our own insurance, she would have to earn $1125 to actually receive the $885 to give to BC/BS. At $100 per day earnings, she would have to work eleven more extra days next year to enable us to afford health insurance. Perhaps the Fed or the impotent Congress can legislate the earth to revolve slower around the sun like they get the earth to spin faster that Sunday in March when daylight savings time starts – enough to add eleven days onto the 2008 calendar?

So last week bread at our local grocery chain went up 10%, with other foodstuffs comparably increasing. My first tank full of heating oil was 10% higher than last year’s highest price. With the recent record high crude oil futures, I expect to pay even more for the next. In spite of those record highs, gasoline prices remain somewhat stable, but I can’t see them staying there for much longer. Our electric company’s agreement with the Socialist State of Pennsylvania to limit rate increases expires in 2008. We’re looking for 10-20% increases then. Yet none of my employers are offering the 13.7% increase in wages needed to earn 10% more (after taxes), actually required to give you the purchasing power to offset these forthcoming price increases. All in all, it’s becoming very, very hard to make ends meet. This is not news to most of you.

I’m not bragging, but for the last 16 years, we’ve been very faithful in our giving to the church. I’m actually ashamed to say – that as of right now, we’re failing to do so to the extent we have in the past. Is it me, my lack of faith, or just a consequence of a failing, inflationary, recessional economy? We’re a couple months behind in our rent, owe my brother $400, my daughter $1000, and my son a couple hundred. Should we drop health insurance so we can pay our other bills? Should we let them repossess the car so we don’t have to make that payment? Are we really going to be forced to stop giving to the church? The savings necessary to stay afloat go beyond keeping the thermostat at 62 degrees, burning more wood, changing over to energy efficient fluorescent light bulbs, and driving less. Other people have to be in a similar situation, don’t they? Yes, I know I’m just supposed to give the problem to Jesus and TRUST him for a solution, but even with faith, it’s becoming more difficult and more difficult……….

How are you all handling it? What methods are you using to make ends meet? What do you see coming? Please let me know!

Maybe next week, I can resume Alyssa’s story………….. Mort