I get so frustrated when people tell me it's unrealistic to create an eight-month emergency savings fund, or have money saved for a home down payment, or pay off their $5,000 credit card balance. ↗
I have always advocated doing everything possible to pay off credit card balances; it's good financial management and the ticket to a strong FICO credit score. ↗
Defense spending as a share of the economy dropped significantly during the early 1990s, and that was one of the things, along with other policy changes, that put us back on the path to a balanced budget. ↗
But for 30 years, Orthodox leaders have tipped the balance between hawks and doves, and have been in a position to determine who forms a coalition and who runs the country. ↗
If you force legislators to balance, at the end of the day, if it has to be balanced, then they step up and they become legislators and can find out where to cut. ↗