Quote:
Originally Posted by AGDee
I would love for someone to stand up and point out the obvious: If you spend beyond your means, it is a problem. Whether it's the country, a business or individual citizens. GET OUT OF DEBT people. Do NOT mortgage your house to 100%+ equity. Equity in your home does not equal free money. This country is so incredibly wasteful and greedy. Everybody wants to have it all and we want it right now. If we were ALL more responsible, we wouldn't be in this mess.
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Exactly.
And Obama VERY BRIEFLY mentioned this, and basically said that people need to be more educated about how they're spending their money... yet he proposed no ideas as to how to make that happen.
I feel as though, as a country, we are generally pretty clueless when it comes to economics and how to handle major financial decisions. Someone needs to work to fix that.