If a BANK doesn't understand how to use money, what other business stands a chance? I mean, the meltdown of the financial district is absolutely appalling. And now I have to pay for it! We all have to blame someone. It's easy to point fingers at the GOP (and they aren't innocent), though in UT of course the masses have all found some way to make this the fault of the darn liberals. I personally blame Greenspan. He had to have known there was a housing bubble, and he did nothing to make it harder for irresponsible people to get a loan. He could have raised interest rates. He could have restricted loans to the central banks, keeping cash tight and the dollar strong. He could have kept inflation in check. And he didn't. And guess who has to pay for it?
At least I'm not a DINK anymore, and I get a child tax credit. I'm willing to have another child to further reduce my tax liability. If the Feds can't spend it wisely, then I'll keep it myself, thankyouverymuch. Until the people of this country can get back to the Protestant work ethic and can learn to stay the hell away from the Joneses, let alone keep up with them, then I forsee the fall of a great nation. What a shame.
![[Comments]](/nb//themes/Default/comments.png "7 comments")
(7) Tue Sep 23 2008 16:04 EST Gimme a break:
So all I'm asking is, when is it my turn to be irresponsible? I pay my bills, I don't borrow money for ANYTHING but a mortgage (not cars or school even), I don't lend money to people that would blow it on blow pops or whatever the hell they spent it on, when money comes in the door from my job, I pay myself first by putting some away (ie my salary is not excessive at the expense of the little guy, etc) and I hedge with the rest by putting some into food storage and rainy day funds. I also had kids on my own dime, when I could afford to.