LOL, people DO spend too much and our society has conditioned us all into completely misunderstanding the idea of a necessity.
This all goes back to the point that we were raised on a lifestyle that is completely unsustainable, and all this bailout is doing is reinforcing the idea that we all "deserve" a growing list of necessities, and that higher consumer spending and subsequent debt levels is a good thing.
Henry Paulson is now pointing his finger at banks/etc and saying "you need to ease credit restrictions to jump to start our economy"..... Hey Henry, what the fuck was a big part of getting us into this mess in the first place????
I don't need to post up the graphs, because I assume everyone here knows that Americans savings rates have been plunging for years and we have all been living off an inflated currency because of the ease of access we had to credit.
We need to redefine our lifestyles and it starts here with ending this hyper-destructive credit fueled consumer orgy.
Let me go back and apologize to you for my stance earlier in this thread. After seeing some things for the past few months, now I see exactly what you meant. I really see how much of spenders Americans really are, especially my people (blacks).
For instance, I see people that will brag about spending $800 on an outfit and some shoes. Then at the beginning of the next month, they're complaining & asking to borrow money when they cant pay their rent & their other bills. You try to tell them to live a lifestyle where they focus only on what they NEED (necessities), they automatically shut that off. They're determined to ride cars with their 26 inch rims, their $200 shoes, $800 outfits, etc., all on a $1200 a month salary, not to mention them having NO MONEY SAVED. I see exactly what you mean, now.
So, again, I apologize for my stance earlier in this thread.
