So the lesson is, when times are good, buy less expensive cars, don't have four big-screen TVs in your house, and buy a smaller house. And have at least six months of living expenses saved up. I bet if these people had only done that instead of spending their entire paycheck when times were good, they wouldn't have been in this situation. But NOoooooo, they had to "keep up with the Joneses."
Ya know what is funny about you're comment...Is when Bush was in power and the economy started sliding off a cliff during his last year in office......
What was it the Republicans all said?
"Buy buy buy...Be patriotic, I'm doing my part to help the economy and I'm spending!!!
Now, it's, "You all should have saved your money, you stupid fools".......
I love it!
lol...
And have at least six months of living expenses saved up.
Oh sure....Everyone in the private sector can save up $15,000 or so in cash just for those little emergencies like losing your income....
Too funny!
So, never listen to any politician, regardless of party.