You and your significant other each earn $60,000 a year. That\u2019s a total household income of $120,000.<\/p>\n\n\n\n
Your bills – housing, transportation, loan payments, food, everything you do \u2013 come to $10,000 a month. Your family budget is balanced.<\/p>\n\n\n\n
\ufffcYou go out to the casino one night, and get the luckiest break ever; you walk out $80,000 ahead. \ufffc<\/p>\n\n\n\n
You buy a bigger house, a newer car (and a bridge loan to finish paying off your old one), do some remodeling, put a couple of vacations and cruises and a whole lot of happy hours, \ufffcon your capital one card. \ufffc<\/p>\n\n\n\n
With the new mortgage, car loan, revolving credit and loans to pay for all the other goodies, your monthly expenses go up to $16,000 a month \u2013 requiring a $200,000 a year income between you and your significant other – who, remember, are still earning $120,000 a year between you. So when you’ve burned through that $80 windfall, you’ll be coming up $80,000 a year in the red. <\/p>\n\n\n\n
Your options to avoid insolvency, foreclosure, and repossession \ufffcare:<\/p>\n\n\n\n
a. Downsize, quick – go back to a smaller house, cheaper car, etc.<\/p>\n\n\n\n
b. Keep going back to the casino and hope for another big score, and hope your significant other isn\u2019t too stupid to know what a longshot that is. <\/p>\n\n\n\n
c. Browbeat your significant other into earning more money so you don\u2019t go bankrupt, and hope he or she doesn\u2019t leave you. As the significant other why they hate children if they don’t ratchet their income up, but fast. <\/p>\n\n\n\n
That\u2019s exactly what the state legislature and Governor Klink have done; the pandemic left the state with a one time windfall that they have spent, and much more. \ufffc<\/p>\n\n\n\n
And you and I, the taxpayers of Minnesota, are the significant other. \ufffc<\/p>\n\n\n\n
So what are they going to do about it?<\/p>\n\n\n\n
Well, they\u2019re going to hope that you\u2019re a dumb spouse that thinks you can bank on casino winnings. But they are just going to hold out for option C, and demand you pony up more.<\/p>\n\n\n\n
That\u2019s exactly what just happened.<\/p>\n\n\n\n
If this were a marriage, you would call the big spender an abusive spouse. \ufffc<\/p>\n\n\n\n
So when you are the victim, what do you call the perpetrator? \ufffc<\/p>\n","protected":false},"excerpt":{"rendered":"
You and your significant other each earn $60,000 a year. That\u2019s a total household income of $120,000. Your bills – housing, transportation, loan payments, food, everything you do \u2013 come to $10,000 a month. Your family budget is balanced. \ufffcYou go out to the casino one night, and get the luckiest break ever; you walk […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[452,57,320,426,123],"tags":[],"class_list":["post-85176","post","type-post","status-publish","format-standard","hentry","category-bride-of-stagflation","category-economy-and-the-market","category-mndfl","category-orwell-overestimated-democrats","category-taxes"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/85176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85176"}],"version-history":[{"count":4,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/85176\/revisions"}],"predecessor-version":[{"id":85190,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/85176\/revisions\/85190"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85176"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}