If you’re wondering where the state of our nation’s economy is headed, you’ve gotta check out this article.
We’ve all felt it. The economy is picking up speed. People are charging more to their credit cards, but they’re also paying their cards on time, people are vacationing again, getting hired, finding work, getting raises. New businesses are opening up and small ones are growing. It FEELS like it’s springtime after a long, cold winter, and all the buds on the trees and flowers are starting to come out and enjoy the certain warmth that lies in the summertime ahead.
That is all well and good, however John W. Schoen of NBC News reports that the “headwinds from federal spending cuts are expected to blow harder this year.” In a nutshell, we’ll see how that fares with our blossoming economy. Check out Schoen’s fascinating article:
“Like a steam engine leaving the station, the American economy is gathering momentum. The wheels are turning, the engine is pumping and the engineers have opened the throttle full bore. If only Washington would get out of the way.
The U.S. economy expanded at a 2.4 percent annual rate during the first quarter, down a tenth of a point from an initial estimate, according to revised figures from the Commerce Department released on Thursday. Economists had forecast a 2.5 percent gain, the initial reading reported by the government last month.”
Click here to find out why Washington, DC is hindering the light at the end of the U.S.’s financial tunnel.
Guys, I’m not sure whether to tell you to buckle up because it’s going to be a bumpy ride, or let the convertible top down because it’s shaping up to be a glorious one. We’ll have to see how everything shakes out, but what I can recommend is keeping your nose to the grind stone–same as always–not getting lazy with finances or your budgets, and you’ll do just fine regardless of how the wind blows.