No joke: New White House website offers children lessons on … financial literacy

posted at 6:41 pm on May 23, 2012 by Allahpundit

Via the office of GOP Rep. Tim Griffin, who’s having no end of fun with this on his Twitter account, go take a peek at some of the valuable insights about thrift that the Five Trillion Dollar Man is now passing on to America’s youth. I held it together for most of the presentation but here’s where the giggles began:

Wise advice, government financial website. Living within one’s means is a solid prudential foundation. Any further insights?

Why yes, I suppose that interest payments could be quite onerous potentially if one continued to run up debt that can’t easily be paid off. Some bad advice from the critics, though:

Renick also says that the first lesson, “You need money to buy things,” emphasizes over-consumption, and that it should have instead been phrased, “You need money to save for the things you want.”

But … what about the paradox of thrift? And why worry much about saving when, hopefully, we’ll have cradle-to-grave welfare to help rescue the Julias of tomorrow when they get in a pinch? Ah well. As I say, gather your kids around and then follow the link as there really is some sound advice there that they’ll need to learn and then, if they end up getting elected to Congress, quietly discard. Exit question: Hey, is it really true that Obama’s big spending binge is a figment of our collective imagination? Exit answer: Nope.


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Unmitigated gall.

CycloneCDB on May 23, 2012 at 6:44 PM

Did they explain the still mysterious “profits AND earnings ratios”? Or maybe they could help with the new concept of “reduce your premiums by 3000%”?

When the administration and the obvious genius at the helm lay these radical new concepts, heretofore unknown among people with IQs over 85, on us they really should offer some explanations, otherwise people will make the easy mistake of thinking that they are actually retards who have no idea what they’re talking about.

ThePrimordialOrderedPair on May 23, 2012 at 6:48 PM

Biden wrote the first draft in crayon.

Cicero43 on May 23, 2012 at 6:49 PM

There’s a difference between things you want and things you need.

(in the 3-5-year-old section)

Thanks for putting the Congressional Democrat temper tantrums into perspective!

pookysgirl on May 23, 2012 at 6:49 PM

His left hand doesn’t know what his right hand is doing, and the head doesn’t have a clue about any of it.

backwoods conservative on May 23, 2012 at 6:50 PM

#21: Profits are evil.

Cicero43 on May 23, 2012 at 6:50 PM

Does it say something that I’m only surprised there wasn’t any heavy pro-socialism propaganda?

MadisonConservative on May 23, 2012 at 6:50 PM

#15: The Man will always have his foot on your neck and this is why you need to vote for Democrats.

Cicero43 on May 23, 2012 at 6:51 PM

Biden wrote the first draft in crayon.

Cicero43 on May 23, 2012 at 6:49 PM

Has he learned to color between the lines yet?

backwoods conservative on May 23, 2012 at 6:51 PM

Romney=Bain

Obama=The MoneyTree

faraway on May 23, 2012 at 6:52 PM

#20

Always consider
two factors before
investing:
the risks and
the annual
expenses.

No mention of returns in investing? Brilliant. This is the Columbia/Harvard/dem way. “Annual expenses”? Huh? Why did they put the “annual” in? And why “expenses” rather than “costs”? Some fool in the White House (i.e. someone in the White House) probably thought this made them sound more intelligent. LOL.

I’d love to hear how these geniuses assess risk. They’re probably talking about risks of your “investment” hurting dems.

ThePrimordialOrderedPair on May 23, 2012 at 6:55 PM

If I were a jerk I’d suggest it promotes buying skittles and tea and not taking any crap from white Hispanics. To go to your local community organizer to learn how to get money from the government. That the squeaky wheel gets the grease. That at some point rich people have made enough money and they don’t need any more, and they need to pay back the society that’s allowed them to win life’s lottery and do so well. And that if you have bills you can’t pay, call your creditors racists and move.

Paul-Cincy on May 23, 2012 at 6:57 PM

Thrift is bad. Krugman told us so. You should spend till you run out of money, then borrow more and keep spending.

Wood Dragon on May 23, 2012 at 6:57 PM

For 11-13 year olds.

#10

Entering personal
information, like a
bank or credit card
number, online is
risky because
someone could steal it.

Who is giving credit cards to their 11 year old? 11 year olds are entering bank numbers (what is that, exactly, anyway?) online?

I think an 11 year old wrote this. That’s still more intelligent and more mature than the Dog-Eater … but the White House isn’t supposed to be assessed on a curve. It isn’t supposed to be like Harvard Lawn School up there.

ThePrimordialOrderedPair on May 23, 2012 at 6:59 PM

Now children, today in school we will be studying, The 0 Economy™. Don’t worry children if you don’t get a passing grade. The 0 Economy provides for just such a scenario.

Bmore on May 23, 2012 at 7:00 PM

Exit question: Hey, is it really true that Obama’s big spending binge is a figment of our collective imagination? Exit answer: Nope.

That wouldn’t have mattered if the mouthpiece of the unicorn prince weren’t trying to us it to advantage:

White House calls ‘BS’ on GOP criticism of Obama spending

White House press secretary Jay Carney ripped GOP criticism about spending under the Obama administration, calling it “BS.”

Carney, a former reporter, read a passage from an article by Rex Nutting at MarketWatch called “The Obama spending binge never happened.”

Chip on May 23, 2012 at 7:01 PM

Now children, today in school we will be studying, The 0 Economy™. Don’t worry children if you don’t get a passing grade. The 0 Economy™ provides for just such a scenario.

Bmore on May 23, 2012 at 7:00 PM

Bmore fixed it. ; ) Bmore didn’t receive a very good education children.

Bmore on May 23, 2012 at 7:02 PM

what’s julia think? er wait.

ted c on May 23, 2012 at 7:02 PM

….after Harvard…at least JugEars has somewhere to go to get some financial knowledge now.

KOOLAID2 on May 23, 2012 at 7:03 PM

I feel the oceans rising.

faraway on May 23, 2012 at 7:05 PM

6-10 year olds

#8

Putting your
money in a savings
account will
protect it and
pay you interest.

LOL. Our 5 year note is at 0.73% while inflation (even the joke official inflation) is over 2.5%. Way to save, there, youngster.

Well, what can we expect from idiots who crow about 2.3% growth in GDP while running an 8% of GDP deficit to fund that? Growth …

ThePrimordialOrderedPair on May 23, 2012 at 7:06 PM

They’re training for future village idiot conventions

bluesman on May 23, 2012 at 7:07 PM

I sent the following email to the contact email address:

I just wanted to thank you for the laughs. For the federal government, and especially this administration, to give advice on financial responsibility is truly hilarious.

Just out of curiosity, how much of my money did you spend in this “do as I say, not as I do” endeavor?

malclave on May 23, 2012 at 7:08 PM

Is this lifted from Warren’s book “All Your Worth: The Ultimate Money Lifetime Plan“, or from the book ”Getting on the Money Truck” by Rob Black?

faraway on May 23, 2012 at 7:09 PM

#1

From each according to his ability;

To each according to his need.

turfmann on May 23, 2012 at 7:09 PM

My kids don’t need their stupid website. We show them our taxes every year.

txhsmom on May 23, 2012 at 7:11 PM

Bmore
For not getting a good education, you sure taught that tree a thing or two……..;)

angrymike on May 23, 2012 at 7:12 PM

18+ year olds

#18 You need health
insurance

Or we will fine and imprison you.

Then the bullet points are … precious:

* Comparison shop for insurance like you
would for any other product.
* If your parents have health insurance, see if you
can stay on their policy—with some exceptions,
you are entitled to, by law, until you turn 26.
* Get more information about the health insurance
available to you at healthcare.gov.
* Purchase renter’s insurance if you lease
an apartment, and auto insurance if you own,
lease, or rent a car.

WTFFFF? I mean, it’s funny and all, but … How do renter’s and auto insurance come into interest in the “activities” for the propaganda of “Buy health insurance, or else”?

Comparison shop … among what we tell you will be available, which will all be the same.

I really hate these people and every single person who voted for them. Despicable, lying, America-hating scumbags all.

ThePrimordialOrderedPair on May 23, 2012 at 7:15 PM

Why not? The whitehouse.gov site taught a whole lot of messed up history in all the ex-president’s bio’s recently. This couldn’t be much worse than that.

Scrappy on May 23, 2012 at 7:24 PM

Somehow, I’m sure Obama couldn’t follow the instructions.

AllahsNippleHair on May 23, 2012 at 7:26 PM

The blind leading the blind.

Rather children leading kids…

Schadenfreude on May 23, 2012 at 7:28 PM

* If your parents have health insurance, see if you
can stay on their policy—with some exceptions,
you are entitled to, by law, until you turn 26.

And that law will remain in force for at least another month, so plan your illnesses/accidents accordingly.

Next month, the Supreme Court may rule that the health care law is unconstitutional, in which case the Supreme Court is a raaaaacist, illegitimate institution, dominated by overly-politicized and activist rightwing nutjob judges.

Or the Supreme Court may rule that the health care law is constitutional, in which case the Supreme Court is a fair and objective bastion of restrained legal jurisprudence.

Stay tuned, kiddies!

AZCoyote on May 23, 2012 at 7:28 PM

It’s still to advanced for this administration. Joe Boob is lucky if he doesn’t get his finger stuck in his piggy bank.

Flange on May 23, 2012 at 7:30 PM

Financial advice forfrom dummies.

Our 5 year note is at 0.73% while inflation (even the joke official inflation) is over 2.5%. Way to save, there, youngster.

Yeah but you’ll be further ahead even at crappy rates than than if you never saved anythng. At least that’s what I keep telling myself.

Robin Banks on May 23, 2012 at 7:31 PM

The God damned oaf and his court should do an auditing and re-engineering of every facet of the gov’t, as he’d promised when he ran.

To Hades with him. He is the world’s biggest Liar.

Schadenfreude on May 23, 2012 at 7:31 PM

Thrift is bad. Krugman told us so. You should spend till you run out of money, then borrow more and keep spending.

Wood Dragon on May 23, 2012 at 6:57 PM

No, no no. You should spend till you run out of other people’s money, then borrow and print some more and keep spending.

Cloture on May 23, 2012 at 7:33 PM

#8

Putting your
money in a savings
account will
protect it and
pay you interest.

I can get more “interest” walking around the block and picking up sidewalk change than I can get from a savings account in a year’s time.

Good gravy, our nation’s leadership is a putz-fest.

beatcanvas on May 23, 2012 at 7:33 PM

Just today on HA – stimulate now, save later.

Schadenfreude on May 23, 2012 at 7:35 PM

Biden wrote the first draft in crayon.

Cicero43 on May 23, 2012 at 6:49 PM

Has he learned to color between the lines yet?

backwoods conservative on May 23, 2012 at 6:51 PM

rofl!..Hilarious!..:)

Dire Straits on May 23, 2012 at 7:42 PM

Team Obie is truly out of touch!..:)

Dire Straits on May 23, 2012 at 7:43 PM

angrymike on May 23, 2012 at 7:12 PM

You don’t have to be smart to be self sufficient. You do have to know how to sharpen a saw. Never trust anyone who can’t./

Bmore on May 23, 2012 at 7:49 PM

I hope the lesson plans show how to turn scrap paper into cold cash like the Bank of America just did by laundering their mortgage loans through Freddie Mac.

DanaLynn on May 23, 2012 at 7:59 PM

Somehow, I’m sure Obama couldn’t follow the instructions.

AllahsNippleHair on May 23, 2012 at 7:26 PM

…I don’t think he knows how to use his recently discovered ATM machines!

KOOLAID2 on May 23, 2012 at 8:01 PM

With your child, fill out the Income and Expenses
budgeting worksheet available at mymoney.gov.

You mean create a budget? Each year or should we do it about once every 4 years or so?

AndrewsDad on May 23, 2012 at 8:05 PM

AllahsNippleHair on May 23, 2012 at whenever

Don’t even know what you said, can’t get past the hair…LOL

bridgetown on May 23, 2012 at 8:22 PM

After laughing at many of the replies here, I have a serious question. Exactly who paid for this? And why?

Is it possible that there’s no time to teach finance due to the time spent learning the liberal, pc agendas?

Chitownmom on May 23, 2012 at 8:31 PM

I’m thinking the children be sending financial advice to the White House? But that’s just me.

antipc on May 23, 2012 at 9:06 PM

“Send all your money to Obama, or he can have you arrested for being disrespectful”

BobMbx on May 23, 2012 at 9:23 PM

I don’t know where you got that pic of Obama, but it’s starting to grate on me like a rusty hacksaw going to town on my molars.

Bouncing Beatnik on May 23, 2012 at 9:24 PM

Let me guess:

1 + 1 = whatever you want it to be.

Downhill from there…

ProfShadow on May 23, 2012 at 9:37 PM

Did he impart any recipes for Bichon Fricasee?

Dr. Carlo Lombardi on May 23, 2012 at 9:45 PM

After laughing at many of the replies here, I have a serious question. Exactly who paid for this? And why?

Is it possible that there’s no time to teach finance due to the time spent learning the liberal, pc agendas?

Chitownmom on May 23, 2012 at 8:31 PM

This was never intended to teach. Just another box to check off.

mdenis39 on May 23, 2012 at 9:52 PM

As I say, gather your kids around and then follow the link as there really is some sound advice there that they’ll need to learn

Here’s where I get really pissed off.

I learned financial responsibility from my parents. It is if we expand Julia’s story and find out how her kid of no particular father learned about financial literacy. Not from Julia herself but from a government website.

And BTW, I’ve always zero balanced my credit cards and have a credit rating that my realtor thought was an error. In short, I’ve lived within my means all my life without benefit of the United States government.

I really am pissed off about this.

Happy Nomad on May 23, 2012 at 9:58 PM

…I don’t think he knows how to use his recently discovered ATM machines!

KOOLAID2 on May 23, 2012 at 8:01 PM

Figuring out the maze on the back of an Olive Garden placemat is beyond Obama’s ability. And we gave him control of this nation.

Happy Nomad on May 23, 2012 at 10:06 PM

what’s julia think?

ted c on May 23, 2012 at 7:02 PM

We’ll never know, she doesn’t have a mouth.

Happy Nomad on May 23, 2012 at 10:10 PM

The sooner you
save, the faster
your money can
grow from
compound interest.

Uh yeah. Let’s see, at 0.75% if you are lucky, using the rule of 72 (quick, back of the envelope way to determine the number of years it will take to double your money at x% interest rate: divide 72 by the interest rate and that is the number of years to double, so at 12% interest, your money will double in 6 year).

So at 0.75%, your money, earning compound interest will double in oh, 96 years. Let’s see, and at current inflation rate, the laughable 2.5%, your money will be worth half the value when you invested it in 28 years.

AZfederalist on May 23, 2012 at 11:31 PM

Now Julia can spend her way to greatness!

Christian Conservative on May 23, 2012 at 11:35 PM