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Old 10-31-2006   #32 (permalink)
Gisella
Gisella is offline

Quote:
Originally Posted by SpeedoGuy View Post
Bumping this thread back up because of this:

GAO Chief Warns Economic Disaster Looms

It goes along with with the oft published observation that Americans are accumulating far too much debt and not saving enough.


What gives? How can that be possible? Simple: Credit. And the fact that they're not saving for retirement. And those unhappy facts are going to be a problem for us all someday.
"Realistically what we hope to accomplish through the fiscal wake-up tour is ensure that any serious candidate for the presidency in 2008 will be forced to deal with the issue," he says. "The best we're going to get in the next couple of years is to slow the bleeding."

I do think that it would be very important to get the serious situation to the ones who are going to be responsable to pay the debt...the younger generation!!! Kids learn so fast and they will understand the importance of stop spending if they just know what the future holds...

If we put people from generation that went to great recession of the 20's or 30's (?) reminding everyone the realities of a great crises again and again...and do bootcamp as they sometimes do ficctional exercices prepering for real disasters (what the name of that?) just getting use with no excesses of buying superfulous, marathon savings in the pig bank and other 'fun' stuff to get attention...people will start being more serious and regulate their family, personal spending...

I remember at 4 or 5 years old listen so much my Dad telling my mother to balance check books to never give checks that bounce bcause lack of funds, that I embaress my dad in a restaurant as he was giving the check to the waiter I said: "Beware..it may not have funds!"..my dad than try to explain the situation and the check was good...

Kids are very inteligent we must tell them and teach the truth...poor kids not even got born yet and they have great debt...its not fair!!!

Patriotist is not just loving the flag and etc, the USA symbols ...its not!!!

I'm sad, frustrated and I protest!