I recently heard a comment on the radio by an economist that I found quite shocking. For the first time, someone was actually being honest about why our country is in a serious economic recession. According to him (and me!), the problem rests mainly with Americans living beyond their means.
We must be willing to admit all of the causes of a financial recession before we can really expect things to improve. That might mean that a lot of us will have to give up some things and start changing our expensive lifestyles. Although many of us do have a lasso around our wallets and are watching more closely where our money goes, I fear we are still not willing to admit that we are actually most of our problem.
Though I’m not certain, I’m afraid people are becoming bitter and perhaps, more greedy than ever before during this current economic recession. I’m afraid that everyone is waiting to go back to the way things were and are waiting for Barack Obama to simply make it so as if by magic.
Food is expensive. Gas prices are erratic. And things in your local store just aren’t selling. These are realities that we as consumers cannot change, but we can start making changes now. By the time things get better economically, we may discover that we’re doing better than we were before the recession.
I believe that when we make a conscientious choice to live within our means, the less we will want and the less we will think we need. We will be the kind of people who are content with less, and when given the opportunity to be generous, we may just act with confidence, sensitivity, and appreciation.
Tuesday, January 13, 2009
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3 comments:
I agree with you 100%. Also, I have seen how some people are spending even more now than they were. I believe it was a financial show on CNN that I saw where someone wrote in saying (basically) "With the economy so unsteady, should I bother trying to pay down my credit cards right now?" Essentially the person thought that if the stock market crashed, they're credit card debt would disappear and they would've wasted all that money trying to pay it off. WTH??
Hey there Halablue! Are you on Blogger?
I know! I can't understand the mindset with people and money. Money is so hard to come by, you know? Dave and I don't even own a home yet and we have already decided that a home for us won't have 3.5 baths and 5 bedrooms. I want something small, cozy and actually feels like home. Kids don't need that anyway-- that's why there are parks!
I feel the same way about homes. Unless you have a gaggle of children or family living with you, there really is no need for so much house.
Some of the celebrity/athlete homes, er mansions, are sickening to me. When people are freezing to death in our city streets, there are others who have so much and do nothing with it (or start up dog fighting rings, so they can make even more money on the backs of those less fortunate and completely defenseless...)
Gr.
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