President of Downsize DC Next Guest on the Everything Financial Radio Show
Catch Dennis Tubbergen's radio interview with Jim Babka of Downsize DC.
Grand Rapids, MI -- (SBWire) --02/08/2012 --If you believe the Federal government has become too overpowering for the average American citizen, you might want to catch the next broadcast of The Everything Financial Radio Show.
Financial advisor Dennis Tubbergen frequently hosts internationally-known guest experts in the fields of finance, politics and the economy. His next guest is Jim Babka, President of Downsize DC. Part of the group’s mission statement claims, “We believe in constitutional rights, smaller government, civil liberties, federalism, and low taxes.”
Tubbergen claims he finds a few of the groups ideas quite interesting, including these two quotes from Downsize DC’s website:
“Do NOT raise the debt ceiling ever again” and “Government borrowing is theft.” The second quote is accompanied by a fictional story of someone going on a spending spree and financing the event with credit. From the website:
“Let’s say I consume more than I earn today on a Vegas spending spree, using my credit card. Starting next month, more of my income must be devoted to a higher monthly credit card payment. The credit card issuer paid for my consumption and must be paid back. This means . . . I’ll have less money in the future and I must consume, save, or invest less than I otherwise could have.”
The website goes on to say, “This is true even if my income rises, and the relative burden of the credit card payments decrease over time. I still won’t be as wealthy as I would have been. Likewise, when the federal State blows more money than it receives in revenue, it must borrow the difference.
Taxpayers will either pay higher taxes or see their purchasing power devalued by inflation, in order to service the debt, making them poorer. Or, if the State defaults, the bondholders who lent to the State won’t get their money back, and THEY are poorer as a result.”
The analogy concludes by saying, “A Vegas bash on the plastic is foolishness that I must own. I’m the only one who has to pay later. However, when the Federal State spends more than it takes in, it robs the next generation of their wealth, before they can even vote. This ‘taxation without representation’ is really intergenerational theft.”
The financial advisor’s weekly radio shows are available as podcasts at http://www.everythingfinancial.com. Tubbergen’s interview with the President of Downsize DC will be available as a podcast on Monday, February 13.
Tubbergen, who is the CEO of USA Wealth Management LLC, can also be found keeping his readers up to date with his weekly newsletter at www.moving-markets.com.
Dennis Tubbergen and his The Everything Financial Radio Show can be heard on Michigan’s WOOD 1300 AM and 106.9 FM stations, part of the Clear Channel network. The Everything Financial Radio Show can also be heard on WTKG 1230 AM Tuesdays from 8 to 9 a.m. Broadcast times for WOOD 1300 AM and 106.9 FM are Sundays at 9 a.m.
To catch Tubbergen’s opinion as to where the markets and the economy are headed as well as tips on investment strategies in these difficult financial times, read his blog at http://www.dennistubbergen.com.
Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices at 961 4 Mile Road N.W. in Grand Rapids, Michigan. Tubbergen is CEO of USA Wealth Management, LLC and has an online blog. His weekly talk show The Everything Financial Radio Show is syndicated on two Michigan metro stations.
The opinions expressed herein are those of the writer and not necessarily those of USA Wealth Management, LLC. This update may contain forward-looking statements, including, but not limited to, statements as to future events that involve various risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results to differ materially from those that were forecasted. Therefore, no forecast should be construed as a guarantee. Prior to making any investment decision, individuals should consult a professional to determine the risks, costs, benefits and fees associated with a particular investment. Information obtained from third party resources is believed to be reliable but the accuracy cannot be guaranteed.
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