Quote of the Day
Every American knows there are government expenses that are absolutely not necessary. I disagree with the very idea that our government is spending $2.4 trillion in the most efficient manner.
I happened to be one of those who thought all these expenses necessary, and I had the good fortune to have the majority of both houses of Parliament on my side.
I realize what it means to be financially comfortable, and I want to be that. But I'm lucky enough to be in that position. And I'm also careful. I save 38 percent of my earnings after expenses, before taxes.
I've always considered myself a physical person. I don't call myself a farm girl, but I did spend a lot of years shoveling manure and throwing hay, because I worked to pay most of my riding expenses.
Newman has it all worked out. I get a million. He gets a million two, but that includes $200,000 expenses.
Americans are also feeling the effects of soaring energy prices at the gas pump. The double burden of these added expenses will be far too much for many families.
The key is growth margins went in the right direction, unit volume increased quarter on quarter, and expenses came down. We threw off over $300 million in cash. All of those were in the right direction. So I think we're on our way.
From the very first time I talked to Safeco employees, I said the reality was expenses were too high and the reality is two-thirds of our expenses are people, so the reality is there will be effects on people.
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