Comments on: Who’s To Blame for this Economic Mess? http://www.moneyunder30.com/who%e2%80%99s-to-blame-for-this-economic-mess Personal Finance for the Young and Ambitious Fri, 19 Mar 2010 21:32:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Alice in Wonderland http://www.moneyunder30.com/who%e2%80%99s-to-blame-for-this-economic-mess/comment-page-1#comment-1733 Alice in Wonderland Mon, 06 Oct 2008 18:02:09 +0000 http://www.moneyunder30.com/who%e2%80%99s-to-blame-for-this-economic-mess#comment-1733 Sorry, I'm late but I had to add my thoughts. Personally, I feel like everyone has played a huge role in crisis and that people need to stop pointing figures. However, what bothers me is that the government's role in this mess is grossly underestimated. If anything they are the worst offenders when it comes to spending money it doesn't have. Now with the bailout, they will screw everyone else over even more (by prolonging this mess). It baffles me how the bailout didn't pass the first time around, but passed the second time around because of some ridiculous "tax relief" stipulation which we all know what to quiet the masses. Eventually the government will recoup its money via taxes, be it in 5 or 20 years. In effect the newer bill is an even LARGER amount. As proven time and time again, their solution to EVERY problem is to throw money at it and hope it goes away, without ever getting to the root of the problem. It's like trimming weeds: it will eventually grow back! I think it's ludicrous we are looking to the government to bail us out. If the government really wants to intervene so badly, they should pass a law forcing EVERYONE over 18 to take a personal finance class and maybe, just maybe, learn how to do simple math! We need to stop this culture of instant gratification. This crisis may be a painful lesson, but hey: no pain, no gain. Sorry for the rant. Sorry, I’m late but I had to add my thoughts.
Personally, I feel like everyone has played a huge role in crisis and that people need to stop pointing figures. However, what bothers me is that the government’s role in this mess is grossly underestimated. If anything they are the worst offenders when it comes to spending money it doesn’t have. Now with the bailout, they will screw everyone else over even more (by prolonging this mess). It baffles me how the bailout didn’t pass the first time around, but passed the second time around because of some ridiculous “tax relief” stipulation which we all know what to quiet the masses. Eventually the government will recoup its money via taxes, be it in 5 or 20 years. In effect the newer bill is an even LARGER amount. As proven time and time again, their solution to EVERY problem is to throw money at it and hope it goes away, without ever getting to the root of the problem. It’s like trimming weeds: it will eventually grow back!
I think it’s ludicrous we are looking to the government to bail us out. If the government really wants to intervene so badly, they should pass a law forcing EVERYONE over 18 to take a personal finance class and maybe, just maybe, learn how to do simple math!
We need to stop this culture of instant gratification. This crisis may be a painful lesson, but hey: no pain, no gain.
Sorry for the rant.

]]> By: DCBuppie http://www.moneyunder30.com/who%e2%80%99s-to-blame-for-this-economic-mess/comment-page-1#comment-1732 DCBuppie Thu, 25 Sep 2008 01:33:52 +0000 http://www.moneyunder30.com/who%e2%80%99s-to-blame-for-this-economic-mess#comment-1732 The American Dream is to blame all over. THe Tax system rewards those who own. Thus why people buy homes. Trust, if I did not make too much money, and need to own a home to be able to recover some thru interest, I would not OWN! I think is the system feeds into the banking industry and folks. Blame government for not just giving us a flat tax. BLAME credit and FICO scores too. Because in order to have anything in america, you have to spend to be able to prove you can afford???!!! Does this make sense?? I blame the system. ITS wack. and now we are here...EFFED! The American Dream is to blame all over.
THe Tax system rewards those who own. Thus why people buy homes. Trust, if I did not make too much money, and need to own a home to be able to recover some thru interest, I would not OWN!

I think is the system feeds into the banking industry and folks. Blame government for not just giving us a flat tax.
BLAME credit and FICO scores too. Because in order to have anything in america, you have to spend to be able to prove you can afford???!!!

Does this make sense?? I blame the system. ITS wack. and now we are here…EFFED!

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