James Lillis
2008-05-08 12:22:53
NO SURPRISE HERE, MUCH OF THE MEDIA SPECIALIZES IN FEAR-MONGERING.
AMERICANS NEED TO GO ON A SERIOUS CREDIT DIET.
IF THE CURRENT CONDITIONS IN THE MARKET I.E THE RISE OF GAS AND FOOD PRICES CAUSE AMERICANS TO SERIOUSLY STOP AND THINK ABOUT THEIR PURCHASES, I SAY “GOOD.” IF IT FORCES US TO PAY DOWN CURRENT REVOLVING DEBT I SAY “EVEN BETTER.”
MUCH TO THE MEDIA’S CHAGRIN I AM NOT CONCERNED ABOUT THE FUTURE OF OUR ECONOMY,RATHER I WELCOME THIS CURRENT BELT TIGHTENING AS A WAKE UP CALL.
RECKLESS SPENDING WITH LITTLE OR NO CONSEQUENCE WILL SIMPLY LEAD TO MORE RECKLESS SPENDING WITH SERIOUS AND PERHAPS EVEN DIRE CONSEQUENCE.
