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SVTPerformance's Chain of Restaurants
Road Side Pub
the great recession of 2008
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<blockquote data-quote="50 Proof" data-source="post: 6330753" data-attributes="member: 24196"><p>And free money by lowering rates again helps promotes the ability for consumers to spend money they don't have. Manageable debt is OK, but excessive debt is not.</p><p>I never once said that the US Government should dictate peoples spending patterns. All I said is that the government should do more to promote saving and investing. Do more to promote such as, incorporate lessons on saving and investing money into the public school system so that kids are raised at an early age with saving money in mind. If people were more educated on HOW to save money, I strongly suspect that there would be a higher tendency for people to save money. Problem is, there's a large percentage of people who don't know jack about how to save money, how to create an emergency fund, how to prepare for retirement, how to prepare yourself for an emergency situation. Human nature, if you don't know how to do something, you'll probably avoid doing it altogether.</p><p></p><p>This country is still being run based off old out dated ideas. You go to school, get an education, find a good job, work the rest of your life, and you'll be taken care of for the rest of your life and for retirement. In case if you haven't noticed, this country has changed a lot. We aren't living in the industrial revolution anymore pal. Corporations don't offer pension plans anymore. Corporations aren't afraid to lay off people, cut existing promised pension plans and basically leave their employees out in the cold. This country has changed, but the politics and education system in this country are not keeping up with the times. A large majority of people in this country are still living their lives based on the ideas that they will always be taken care of.</p></blockquote><p></p>
[QUOTE="50 Proof, post: 6330753, member: 24196"] And free money by lowering rates again helps promotes the ability for consumers to spend money they don't have. Manageable debt is OK, but excessive debt is not. I never once said that the US Government should dictate peoples spending patterns. All I said is that the government should do more to promote saving and investing. Do more to promote such as, incorporate lessons on saving and investing money into the public school system so that kids are raised at an early age with saving money in mind. If people were more educated on HOW to save money, I strongly suspect that there would be a higher tendency for people to save money. Problem is, there's a large percentage of people who don't know jack about how to save money, how to create an emergency fund, how to prepare for retirement, how to prepare yourself for an emergency situation. Human nature, if you don't know how to do something, you'll probably avoid doing it altogether. This country is still being run based off old out dated ideas. You go to school, get an education, find a good job, work the rest of your life, and you'll be taken care of for the rest of your life and for retirement. In case if you haven't noticed, this country has changed a lot. We aren't living in the industrial revolution anymore pal. Corporations don't offer pension plans anymore. Corporations aren't afraid to lay off people, cut existing promised pension plans and basically leave their employees out in the cold. This country has changed, but the politics and education system in this country are not keeping up with the times. A large majority of people in this country are still living their lives based on the ideas that they will always be taken care of. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
the great recession of 2008
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