Quote:
Originally Posted by daepp
...it is all related to debt.
|
+1. If we had managed to recognize, on a national scale, that debt should be avoided, we wouldn't be here. We've built a world that relies on debt to operate. Some of that has to do with personal expectations, keeping up with the Jones' and all that rot. Some of it has to do with irresponsibility: officials who know that they will not be in office when the debt gets called in, so who cares? Still more of it deals with greed -- I'm certain that this investment will do well, so I'm going to borrow more money than I could ever possibly pay back to invest in this, and then I'll be rich beyond my wildest dreams.
+1 to competentone, too -- as a responsible hard-working taxpayer, I'm livid that the gov't is bailing out the "waste" items. A year ago, we were all talking about how a bailout for delinquent homeowners was dangerous as a "moral hazard." Now the moral hazard has come to pass, and the populace, which should have said, "Let the waste go!" have instead said, "We want out bailout too!!"
I want change, but I know that the solution is to elect officials -- on a national scale -- who understand personal responsibility. The idea is so radical, though, that voter's would never go for it. I'd have to devote my life to voter education to change enough minds, to make "personal responsibility" a household term enough that people would make a difference.
Dan