Quote:
Originally Posted by Dream Crusher
Yeah, let's just let the government take care of everyone. Global Debt to GDP is at a record high and interest rates are at zero but hey we can solve every problem by getting into more debt (that future generations can pay off). Nevermind that people chose to buy that brand new expensive iphone. They chose to take out a $50k loan for their brand new pickup they don't need. They chose to rent the nicest apartment or purchase that expensive house while living month to month. They chose to go to fancy restaurants and have costly vacations and spend thousands on plastic surgery, bbls, breast implants, breast implant removal, etc.
I didn't live through the great depression but it's lessons were passed down to me. If this is as bad as you think it will be a lot of people and businesses are going to learn those lessons the hard way. Hopefully, they'll pass those lessons on to future generations because otherwise history will continue to repeat itself.
I would think the people that want him to get elected would care.
You're describing a pretty small subset of the consumer population from what I can tell. Some people always live above their means. They'll always be one day away from the poor house.
The problem is there are many people who do everything right, they educate themselves, learn a skill, work every day and have not way to keep up, let alone get ahead. They may or may not accumulate debt but it doesn't matter. The economy have left many people behind.
I'm curious, do you support a wife/so and family on your retirement or is it just you ? It's very much not the norm to retire in your 30's. You should probably be counting your blessings on that.
The lessons of the Great Depression were lost on us around the time Clinton repealed Glass-Steagall. Although I remember the 'greed is good' 80's and junk bonds so I guess the simple fact is, humans really don't learn.