You know it's bad when...

You know it’s bad when David Walker the head of the Government Accounting Office is running around the country telling people to encourage their elected officials to make serious changes in Social Security, Medicare, and Medicaid. Before last week David was in Florida telling people that we are in serious danger with the current and projected federal government deficits and if no changes are made that life as we know it will end here for us, our kids and grandkids. He was accompanied by a member of the Concord Coalition a non-partisan group dedicated to fiscal responsibility, the Brookings Institution, and the Heritage Foundation. To see more about this subject see www.concordcoalition.org

David is telling people what I’ve been saying for 11 years. Get the budget and deficits in line or be told what to do by foreign governments who “graciously” invest in low rate US government debt and help keep our country moving. Because of the deficits, both budget and trade, we are selling sway our country one piece of real estate and company at a time. (Many US companies are already owned by foreigners including Allianz Life Insurance Company, AXA Life, and Daimler Chrysler, to name a few. Also many foreign owned companies sell their products here and take the dollars of profit home including Lexus, Toyota, Mercedes, and BMW.)

I wish I could be convinced that the Wake Up Tour will be successful. I have my doubts and as a result we manage clients’ portfolios with an eye on the future. The future could be bad economically. If you would like your portfolio reviewed to ensure you are prepared please email us or call our office at 239-403-8727


Robert Matheson
Matheson Financial Services
239-403-8727

Matheson Financial Services
"Advice You Can Trust"
Robert Matheson, Registered Investment Advisor, CPA*, CFP®, CEPP
*Registered in Florida and Minnesota

The information and data contained herein has been obtained from sources believed reliable, but is in no way guaranteed by Robert Matheson or Matheson Financial Services as to its accuracy.  Furthermore, this report is provided as a complimentary service by Robert Matheson and is not a solicitation, or an offer to buy or sell any security, mutual fund, commodity or any other product mentioned in this or any other report.  Past performance does not guarantee future results.