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A home-based business in the face of a trillion dollar deficit

In terms I can understand, deficit spending is when my back account has an overdraft charge [happened once]…I spent more money than I had…or if my credit card got max-ed out [happened once]…again, spending more money than I had coming in.  To me that is deficit spending.  And, for me the average Josephine citizen here in the good old U.S.A., I can only go so far on a deficit.  Even with a bank program for overdraft protection, a person can only over-draft by so much.  Also, when a credit card is max-ed, that’s it…you can’t use it anymore.  The average citizen can never achieve the lofty stratosphere of a trillion dollar deficit – it’s difficult to even imagine.  Yet the country [the U.S.] keeps on deficit-ing [this isn’t an actual word, but it works] and it’ll get worse.  This article in the Roanoke Times, dated yesterday and written by AP Economic writer Martin Crutsinger, makes these points:

  • “…Government revenues have fallen by 17.9 percent in the October-to-June period compared with a year ago. That reflects the severity of the current recession, which is one of the deepest in decades and the longest downturn in the post-World War II period. That has meant millions of people losing their jobs — and thus not paying payroll taxes into the government’s coffers — and a big drop in corporate tax collections as well….”
  • “…Government spending is being driven higher not only by the financial bailouts and the stimulus spending but also by what economists call “automatic stabilizers.”   That is spending that automatically occurs in times of economic troubles to help cushion the shock of a downturn.  The government is spending billions of dollars more on these expenditures — such things as food stamps and unemployment compensation for the millions of workers who have lost their jobs.  In all, government outlays are up 20.5 percent through the first nine months of this budget year compared to the same period a year ago….”

I mention these two points from the article because I wanted to point out two phrases in particular:

  1. “…That has meant millions of people losing their jobs — and thus not paying payroll taxes into the government’s coffers….
  2. “…such things as food stamps and unemployment compensation for the millions of workers who have lost their jobs….”

It may seem that the ordinary citizen can’t do anything about a trillion dollar deficit but I’m going to suggest that there is something the ordinary citizen can do.  I’m going to suggest that the ordinary citizen can start a home-based business to either get themselves off the unemployment rolls by employing themselves or start a home-based business as a hedge against possible job loss or to augment a current situation.

Losing your job is an awful thing.  In the past six years, my husband has been laid off twice – I know very well how frightening that is when you live in a society where every single thing costs money: the food you eat, the water you drink, the roof over your head…everything.  We do not live in a time or place where you can pack up the buckboard wagon and move on to another unclaimed area and try to live off the land…here all the land is taken.

Starting something new does take a few things:

  • courage and initiative
  • perseverance and determination
  • time and energy

Starting something new like a home-based business can make the difference between making a mortgage payment or not; buying groceries with money you’ve earned as opposed to utilizing state or federal funds through food stamps or other subsidy programs [thus becoming a drop in the deficit bucket].  Starting a home-based business can give you leverage and freedom and pride of accomplishment.

There are a great many companies out there that offer a wide variety of products and services that are conducive to becoming a home-based business.  One suggestion is to look at Direct Selling 411 – this site can get you started looking in the right direction and answer some basic questions.

Is having a home-based business for everyone?  Probably not, but I do think it is an option that anyone can consider.

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