It is Your Money!
When you go out looking for a financial consultant there is one rule that stands above all others.
"No one cares more about your money than you do, unless he plans to steal it." - Allan Wallace
It therefore pays, if possible, to manage your money yourself.
We now shift to the southern US.
In Nawlins they thought the government cared about them and would care for them. Or if you want political balance, think about Andrew. Same slow response, same "price gouging."
Just a bit latter, look at Texas. A hurricane coming, they took care of themselves. They left early, took 3 days food and water, and did much better. Some of it was from lessons learned watching Katrina, some of it was the inherent individualism of Texans.
The key here is; depending on the government is like letting someone in another city pick who will manage your money. They either won't care, or they will care about their commissions first, or they may just take the whole bank roll.
America used to work this way, prior to the last depression. Neighbors helped neighbors if there was a problem, people helped people. As we let the government take our responsibility to care, we lost more than control. We have allowed ourselves to be robbed by handing our money and responsibility to those that think of themselves first.
"Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone." - C. F. Bastiat
I read last week that 28% of the money allocated to food stamps gets to the poor. Now we all know the government "tweaks" the numbers and has for decades. Let us assume the person I read had "tweaked" the numbers some himself. I think you can assume the real number would show more than half of the money taken from you for food stamps is for supporting the bureaucracy. It is this way throughout your government.
Would you invest in a mutual fund that charged 50% of assets as management fees?
"A reflection of ourself hides the view through the window." - Allan R. Wallace
More than half your income goes to government; Feds, state, local, fees, property, gas, sales taxes, and on, and on. The companies you work for are taxed before it even reaches you for matching taxes, other taxes, and the costs of ridiculous regulations.
For all of your money, you get the pleasures of the DMV, FEMA, and the single ruling DemocratRepublican party.
Next time you hear about sports and movie stars that got ripped off by their money managers don't laugh.
You hire thieves every pay day.