True. I'm taking actions there too, cutting my spending, doing my part to try to keep the economy down. That's certainly independent of the income side of the equation.
I guess a factor in my decision is observation of government spending over the years. While not as responsive as private businesses, there is at least SOME tendency by the various levels of government to rein in spending when their tax collections are low. At the state level they're not talking about building more sports stadiums, and at the federal level, some people are at least paying lip service to the notion that we can't afford all the spending they're proposing. Nobody would be saying that if times were good.
What will you do when you run out of savings?
Time will tell, I guess. The only thing we can know for sure about the future is that it will be different than we expect. I'm weighing my options but haven't decided on a course of action. In the meantime, I'm going to continue doing what I'm doing, at least partly because I feel it will help lead to a change.
Sounds like you did a good job saving.
I understand where you’re coming from, but I guess I have a different philosophy. I believe that if we can get the economy righted before the stimulus really kicks in we might have a chance to reverse some of the craziness coming out of the White House and Congress. That’s why I’m happy to see some of the negative trends slowing down. Obama wants things to tank further so he can continue to advance his agenda. With no crisis, he’ll get much more resistance to his kooky and ill-conceived plans. If the crisis deepens, bar-the-doors, ‘cause he’ll likely get whatever he wants. That will not be good for Conservatism, me personally, or the future of my kids.