USA Wealth Management LLC

Is Anybody in Washington Listening?

Financial advisor Dennis Tubbergen discusses economy and politics, questions whether anyone in Washington is paying attention to their constituents.

 

Grand Rapids, MI -- (SBWIRE) -- 01/26/2011 -- Financial advisor Dennis Tubbergen frequently discusses the economy and politics in his online blog and his monthly newsletter, Moving Markets. In his recent blog dated 1/5/11, Tubbergen now questions whether the recent elections in the U.S. will actually make a difference.

“In spite of near political Armageddon occurring at the polls last November, many politicians in both parties are continuing with ‘business as usual’ with little or no regard for the fiscal health of our country,” comments Tubbergen, who is CEO of USA Wealth Management LLC, a federally registered investment advisory company.

He refers to an article posted on Bloomberg.com on January 5, 2011 which states House Republicans plan to vote to “weaken the chamber’s anti-deficit budgeting rules to make it easier to approve tax cuts even if they add to the government’s financial shortfall.”

According to the article, the revisions would exempt most tax-cut proposals from being financed by compensating with savings elsewhere in the government budget. Representative Paul Ryan, who currently serves as the House Budget Committee chairman, notes the intent is to cut spending – not raise taxes.

“Don’t these guys get it?” asks Tubbergen. “The American people stated in the last election that one of their biggest concerns other than the economy is the deficit. Yet, although voters are concerned about the size of the deficit, few voters are optimistic either party will do much to fix the problem.”

Tubbergen goes on to relate the results of a recent Rasmussen poll which found that 67% of voters surveyed thought it was at least somewhat likely that voters would be disappointed with the Republican Congress by the next elections in 2012.

“Lest you think that Democrats fared better, the same poll found that 82% of voters thought that it was at least somewhat likely that voters would be disappointed with the Democrats still in control of the Senate by the time the next elections come around,” explains Tubbergen.

Tubbergen’s bottom line?

“Voter’s don’t expect their elected officials to accomplish too much,” he concludes.

Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices in the USA Wealth Management Building in downtown Grand Rapids, Michigan. Tubbergen is CEO of USA Wealth Management, LLC and has an online blog that can be viewed at http://www.dennistubbergen.com. His weekly talk show The Everything Financial Radio Show is simulcast on two Michigan metro stations and also airs to over 600,000 financial advisors, with recent podcasts available at http://www.everythingfinancialradio.com.

Mr. Tubbergen is CEO of USA Wealth Management, LLC, a federally registered investment advisory company. 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.