Quote:
Originally Posted by lamerhooD
Hey, I got a novel idea: Let's use that money to educate those in need of learning how to save and invest their money. Teach them not to live beyond their means. Like someone pointed out here in the thread, some guy making 30k a year allowed to own a 300k house. No where else in the world is it easier to get credit than America, and that's the issue we are facing now. Defaults, job losses, foreclosures, all of it... Of course, our government doesn't help matters either, but the "band-aids" the government has are only temporary...  |
Sadly that will never happen. I saw the other day that about 75% of the strength of our economy is based on consumer spending. That means when people stop buying shit they don't need the economy goes in the shitter. When gas is high in price and food is high in price they want people to still buy TVs and vacations and cars and all kinds of stuff so they do it with credit.