So, SlowBoat, how about you? How long would your family get by on only the resources you’d saved, if all your income stopped?
This is an interesting article by Greenspan regarding the economy:
http://www.msnbc.msn.com/id/20781873/
Greenspan bashes Bush policies in memoir
Former Fed Chair says administration put politics before sound economics
Greenspan bashes Bush in a book he has written. There goes the election........He really rips the Republicans and rightfully so in many instances.
You’re sounding like a broken record on this discussion.
Does my income stop because I’ve become unable to earn? I have a good insurance plan. Natural disaster or terrorism? Let’s talk about survival first, and whether or not anyone is even respecting currency any more.
If the world decided it simply didn’t want the Slowboat family to have any income, I would be cashing in the IRA’s, 401k, Stocks, and land, and if necessary, move us aboard the boat to save even more money.
Of course people should save, and of course they should avoid debt, but you’re not going to get 100% compliance on it, no matter what, even if our government did get smart and actually reward fiscal competence in individuals, corporations, and government bodies.
The question here, though, is: what’s the purpose behind reporting this issue? Is it to encourage people to change their ways, or is to frighten people, make them nervous, and try to get them to vote for a government that ‘s going to take care of them because they are too stupid and venal to provide for themselves? This article reads like the latter.
Good Lord, have forgot about the human factor? NO MATTER what happens here in America WE WILL MAKE IT.
Savings? LOL most of the real people out in the country would love to have savings but are damn glad they can get up leave the cave and kill something and drag it back to the cave, and all this is because of the terrible leaders we have. Taxes to death 60% of what we make is stolen from us each year and it keeps getting higher every year. But we STILL make it. WE may not have any savings but we make it.
The American people are great in SPITE of our government, its the people who make our country great not those dump ass overlords in Washington.
And you ain't helping any by buying into this BS.
BigMack