Good Article touching on the current “financial crisis”
This guy really hit it on the head with his mention of personal accountability. It’s about time people start owning up to the mistakes they have made and dig themselves out of the hole. Children who’s parents bail them out constantly through life end up weak and unable to make it on their own in many cases. I see a distinct comparison between that and the scenario today where the government is hell bent on cleaning up after all the irresponsible people in this country. That said, I am not accusing everyone that has foreclosed or gone bankrupt as being irresponsible. Obviously layoffs, deaths in the family, and other situations represent truly unforeseen scenarios that could lead to financial troubles, but if it’s just because someone racked up the credit cards or bought a home they couldn’t afford then I really have no sympathy, nor do I want to be taxed to bail them out!