Resource Pages

Apr 22, 2011

Mindset will continue towards a collapse due to debt denial

WashingtonPost "Poll shows Americans oppose entitlement cuts to deal with debt problem"http://grandfather-economic-report.com/natdebt-vs-natincome.gif
Despite growing concerns about the country’s long-term fiscal problems and an intensifying debate in Washington about how to deal with them, Americans strongly oppose some of the major remedies under consideration, according to a new Washington Post-ABC News poll.
On Monday, Standard & Poor’s, for the first time, shifted its outlook on U.S. creditworthiness to “negative” because of the nation’s accumulating debt. The announcement rattled investors and could increase pressure on both sides in Washington to work out a broader deal as part of the upcoming vote over increasing the government’s borrowing authority.
The president and congressional Republicans have set out sharply differing blueprints to deal with the looming problem. Obama has called for agreement on at least a framework by early summer, which roughly coincides with the deadline for raising the nation’s debt ceiling.


Really?
Individuals are given the idea they can get benefits and force someone else to pay for them... where did they get that idea?

Sure it is a "trickle down" mentality that in 2008 banks and government could help themselves because "they needed it more" and  individuals who bought "interest only and no money down mortgages" on Mc Mansions needed someone to pay the bank losses (thanks middle America).

At some point everyone needs help, but growing a society based on the understanding the people should help themselves to others money is what will ultimately be our demise.
But now it has become a cancerous disease in the mind of many that "we deserve it*". And we don't care who has to pay for it as long as it does not inconvenience our lifestyle, no matter how unsustainable it is.

Really?

Do a billion people deserve to live on a dirt floor drinking water from sewers if their lucky to have that?


Really?

Because we don't get to retire 3 years earlier, don't get new granite counter tops for your McMansion, don't get to go to private school, don't get to .... really?

If someone* can not afford something

THEY* CAN NOT AFFORD SOMETHING, why on earth would we put these people in a financial situation that they can NEVER get out of. Like their grandparent and forefathers... if they work hard, eventually they will be able to afford what they need.  But you can't always get what you want (see Mick Jagger quote ;-).

*While it sounds like I am talking about individuals, think about the "we" and "someone" being a nation.
 

OUR nation.
 

WE the people.
 
Think about it...