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Good Wednesday morning to you!
 

Do you remember the rich people who lived down the street? The ones who lived in the big house, drove the new cars and wore all the brand-name clothes? And then they filed for bankruptcy? It happens too often. Unfortunately, debt is all too easy to accumulate. Some say it’s the American way. They may be right.

We tend to think that people are “rich” based on what they spend. In reality, it is what they can save that actually makes them wealthy. There is a lesson to be learned here with our national debt. Our total is now more than $28 trillion. That’s about $85,000 per person or $220,000 per household, and it continues to grow. The main reason is the budget deficit, which is what happens every time our government’s spending exceeds the budget limit.

So to the rest of the world, the United States may look like the family down the street with the big house, the new cars and the brand-name clothes, but reality is creeping in.

Of course, those who earn more money can logically assume more debt, and our country ranks at the top in that regard. As such, the appropriate measurement shouldn’t be total debt but rather its debt as a percentage of the gross domestic product (GDP), which is calculated by adding personal consumption, private investments, government spending and exports (minus imports) together.

So with that all that complicated stuff taken into consideration, where does the U.S. rank with its debt as a percentage of GDP compared to other countries? The short answer is 13th at 106.7%, according to www.worldpopulationreview.com. The 12 with a higher debt percentage, in order, are Japan, 237.54%; Venezuela, 214.45%; Sudan, 177.87%; Greece, 174.15%; Lebanon, 157.81%; Italy, 133.43%; Eritrea, 127.34%; Cape Verde, 125.29%; Mozambique, 124.46%; Portugal, 119.46%; Barbados, 117.27%; and Singapore, 109.37%.

And in case you are curious — and of course you are — the 13 countries with the lowest debt as a percentage of the GDP are as follows: Brunei, 2.63%; Afghanistan, 6.88%; Estonia, 7.61%; Botswana, 12.78%; Russia, 13.79%; Democratic Republic of the Congo, 14.01%; Solomon Islands, 14.56%; Azerbaijan, 17.59%; Kuwait, 17.78%; Micronesia, 18.41%; United Arab Emirates, 19.20%; Bulgaria, 19.33%; and Kazakhstan, 20.90%.

Clearly there are many factors in play here, but the rule for our elected officials is the same one we should have for ourselves: quit spending more than you take in.

Have a wonderful Wednesday, and thanks for reading.

Shane Goodman
President and Publisher
Big Green Umbrella Media
shane@dmcityview.com
515-953-4822, ext. 305

 

Your Clear Mortgage forecast from Jason Parkin

More clouds will be around today with slight chances for a shower and slightly cooler highs. It will be breezy as well, and those breezes will last into an even cooler Thursday. Frost is a possibility Saturday morning in the metro, but it will be a warmer day than Friday. Rain chances move back in late Sunday into Monday.

For help with preapprovals or refinancing, get in touch with Jason at parkin.mortgage

 
Allergy forecast
 

For the next week, the risk of allergy symptoms is: MODERATE

RAGWEED pollen is the offender.

 
Things To Do

Wednesday, Oct. 20
"Jeff Dunham Seriously!?”
At: Wells Fargo Arena
Info: Jeff Dunham and his somewhat-inappropriate-proteges, Peanut, Walter, José Jalapeño, Bubba J. and Achmed the Dead Terrorist, have filled arenas across the U.S. and the world with multiple, blockbuster tours.

 
Featured Home For Sale
 
Attention Realtors, post your listings here for $50. Contact pat@dmcityview.com for details.
 
204 S Main Street
Boone, IA 50036
$185,000
 
Walk in and immediately fall in love with this recently completely remodeled home. Open flow throughout the home is inviting and cozy and creating the modern farmhouse look is easy with this one. Everything is new - appliances, furnace, central a/c, roof, and siding. Don't wait too long to look at this one, it won't last long!  ...
 
Find Out More!
 
Traffic 
 

Waukee: SE Waco Place will experience closures from Oct. 20-31 for an asphalt overlay of the gravel portion of the roadway north of SE Ashworth Road. The road will be closed to traffic beginning at 9 a.m. on Wednesday, Oct. 20 through the end of the day Friday, Oct. 22. The road will then be closed to traffic Monday, Oct. 25 through Sunday, Oct. 31 from 9 a.m.-3 p.m. each day. Please use caution when traveling in the area.

 

 
A.M. Headlines

FROM KCCI: DMPD: Woman dies after gunshot wound to her neck

DES MOINES, Iowa — A woman shot in the neck earlier this month at an embattled bar south of downtown has died of her injuries, Des Moines police said. The shooting happened early Oct. 10 at the High Dive bar on Indianola Road. Police say they’ve responded to the location more than 80 times so far this year. ...READ MORE FROM KCCI

FROM WHO-TV: Calls for police have gone down since Des Moines Public Schools removed school resource officers

DES MOINES, Iowa — School officials said one driving force behind the removal of the school resource officer program within Des Moines Public Schools was that they believed students of color were disproportionately arrested.. READ MORE FROM WHO-TV

FROM WOI-DT Local 5: Report: Federal search warrant in New Sharon found no evidence related to Xavior Harrelson's death

ABC News affiliate KCRG-TV9 says the search stemmed from federal firearms charges filed against a man believed to be connected to Xavior Harrelson..... READ MORE FROM WOI-DT Local 5

 
The Score
 

MLB: Dodgers 6 Braves 5 - Braves lead series 2-1; Astros 9 Red Sox 2 - Series tied 2-2

 

 
CITYVIEW's Best Of Des Moines 2021
 

Nearly 14,000 votes were cast in the 2021 CITYVIEW Best Of Des Moines readers' poll.

Best Local Hipster Spot
1. The Bartender’s Handshake
2. Up-Down
3. Bellhop

[...]

 
Read more
 
Personalities
 

It’s a truck thing: Shackelford tells why he likes having a truck

By Lisa Verhey-Budding

Q: “Why did you decide to buy a truck?”

A: “To do truck things with, of course.”

Plain and simple, Blake Shackelford, 34, of Altoona, says he bought his 2006 GMC 2500 truck to do whatever he needs to do truck wise. “I have a Toyota Camry that I use to drive back and forth to work with. But, I have the truck to haul bigger things around in or whatever other truck things that might come up,” Shackelford says. “ I don’t drive it very much and try to keep it looking sharp. It has a big engine and takes a lot of gas. However, I love that it has a big engine. That is probably my favorite feature of the truck. I think they quit making these bad boys in 2007. I also got a really good deal on it.”

Shackelford says there is one thing about his truck that plagues him, but he has yet to do anything to remedy the situation.

[...]

 
Read more
 
Jobs
 
Snapshots
Harvest time! — Photo by Celeste Tilton, whose co-workers are hoping some of these apples appear in apple crisp and apple butter that makes its way to the office!
 
Share your favorite snapshots! Email to tammy@iowalivingmagazines.com to be included in an upcoming Daily Umbrella!
 
 
Digital Editions
 
Relish — CITYVIEW's Guide to All Things Dining. The Fall 2021 issue features "20 Menu Items That Make Mouths Water" as well as features "Dinner and a Show" and "Des Moines Area Restaurants are Tourist Attractions."
View the digital edition here.
 
 
Birthdays and Notables!
 

Happy Birthday to these celebrities: Snoop Dogg, John Krasinski, Kamala Harris, Viggo Mortensen, Tom Petty, Bela Lugosi, John Dewey, Scott Hall 

SUBMIT: Send your birthday greetings and congratulatory notes to:tammy@iowalivingmagazines.com

 
Poll of the Week

How many concerts have you attended in person in the past year?

none
1-2
3-5
6-10
11 or more

 

How often do you exercise?

Daily - 30%
3-4 times per week - 44%
A few times per month - 14%
Never - 12%

 
Morning Chuckle
 
YESTERDAY'S RIDDLE:

How do you fix a damaged jack-o-lantern?

WITH A PUMPKIN PATCH! Way to go Martha Munro, Lori Bluml, Gail Tomlinson

 
TODAY'S RIDDLE

Why was Cinderella not very good at softball?

Have a guess? Email tammy@iowalivingmagazines.com 

 

If you would like to advertise in this daily newsletter, please contact Pat Checketts at pat@dmcityview.com, or call 515-953-4822 xt. 311.

P.S. As a free newsletter, we rely on readers like you to grow our subscriber list. If you have a friend or coworker who you think would enjoy waking up to The Daily Umbrella each weekday morning, please share our newsletter sign up page with them! Visit www.thedailyumbrella.com and click on the SUBSCRIBE link on the upper right-hand side!

 

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Johnston, Iowa 50131

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