Posted by Chris in MO on April 11, 2008 at 17:04:57 from (69.29.98.114):
In Reply to: OT - Economics posted by Spook on April 11, 2008 at 13:12:21:
I've said it before, I'll say it again.
Years ago my wife and I saw the handwriting on the wall, as it were. We could see that the only way we could afford to live the modern version of the "American dream" was to make all the sacrifices we saw those around us making. Such as two incomes and all the accompanying expenses. Such as turning the care, education and responsibility for our children over to the "hired help". Etc, etc.
These were sacrifices we were unwilling to make. So we found a piece of land for which we could pay cash. We then proceeded to rent until we could build a house, again for cash. It took an awful long time, but the end result is that we own free and clear what others took advantage of "easy financing" to get 15 or more years before we did.
That being the case, I would have to say that constantly spending more than you earn is a no-win situation. I know the national economy relies on us fulfilling our patriotic duty of spending our entire paycheck as quickly as possible, but individually it is lunacy. The only solution to this problem most of us can access is not at the ballot box. True, there are significant differences between the two major parties. Economically, the differences are insignificant, in my opinion. No matter who you vote for, they're going to screw things up economically. The solution is with Americans growing up and no longer playing the game. Too much to ask? Probably.
Okay, I'll shutup and go back to listening to the conversations here at the coffee shop.
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