No easy fix for this one now. Now that the economy is dumping jobs by the 100,000's a week Going to take a few years to dig out of this mess. Then maybe 10 or 15 years just to get back what was stole. Looks like the midwest will be better off than the east or west coast at least for now.
Cant spend our way out of this one. No one I know has any extra cash. if they do they are doing what we are doing. Paying off debit.
Both my wife and I work. So we are trying to get costs down to one income. Started in 2006 so we are ahead of the curve. Not there yet, but want to be able to survive if one of use gets a pink slip. Just slipped by, by the hair of my chiny chin chin in Nov. Big Surplus called.Enough took the buy out. Whew! If they call another surplus in the spring. I am out.
We just paid off her Mini van. 1st time in 20 years I have not made a car payment for her. If the economy was good. We would have purchased another vehicle for her. Will be at least 3 years before she gets another new one. The way cars are made now. there is no real good reason to buy another. I saw this coming a few years ago. Houses costing more than one income, People buying them up in droves. Then driving 50 mi to work every day. Gas hit $3. BOOM!!! The cards come down. Greed, Thats what it is.The only reason some dumb arse would spend more than he makes for a house is if he thinks he can dump it for a proffit in a short time. That fuse was shorter than they thought. Greed all the way around. Wall street and in the burbs too. Just greed.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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