3 ms·
The thing that fixes this economy is each and every person not spending ridiculously beyond their means and taking on insane levels of debt up to their eyeballs
by kirse 18y ago
The thing that fixes this economy is each and every person not spending ridiculously beyond their means and taking on insane levels of debt up to their eyeballs.
Don't be naive and try to blame this economic situation on some other bullshit about freedom from the "last administration". Many of us Americans (for the most part) have been spending out the ass using credit and the bills are coming due. Americans' personal money management habits have _nothing_ to do with the party in office.
It's our own aggregate greed and desire for more that has left us with a shell of an economy stuck with trillions of debt. Now point to yourself and say it with me: "My personal choices affect the economy. Not the current administration or the next administration, not anyone else, but how I choose to manage my budget and debt as an individual."
I'm all for blaming others when things go wrong, but this one's pretty simple buddy. We're in a metric ton of debt and the fault belongs to each one of us.
- ojbyrne 18y agoBut one hedge fund manager making 3.7 billion dollars annual salary makes you (and a million of your friends) irrelevant. Cheers!
- jrockway 18y agoMany of us Americans (for the most part) have been spending out the ass using credit and the bills are coming due. Americans' personal money management habits have _nothing_ to do with the party in office. The problem, though, is that the banks let them do this. It is very easy for the credit card company to start declining transactions, and it's very easy for a loan officer to say, "sorry, you can't afford this house". Nobody did that, though, and here we are.