That's what SAVINGS are designed for. Parents and grandparents should have taught today's 20-60 year olds that they must always keep a minimum of XY months living expenses + a contingency in cash equivalents (i.e. not in stocks, leveraged real estate etc.) before thinking of spending it or putting it in risky growth oriented investments. Unfortunately, many Americans were so naive to believe they can go on forever without saving a single penny for the rainy days so now they're caught with their pants now. Unemployed, broke and full of debt. And what do people do? Instead of blaming themselves and taking a hard look in the mirror they instead blame Wall St., politicians and the bankers. Blaming everyone but oneself is how these imbeciles reconcile with their own failure. At least those who are broke today will have to raise their children in total poverty just like how their grandparents were raised in the 30s. So once these kids grow up over the next decade or two they will once again value savings in the bank and know that spending money is a luxury not a God given necessity.
That's right - dial back history. A compassionate society cares for its members in need. That's the society I want to live in.
Republicunts think like this: Give money to the top 1% = Capitalism Give money to the middle class = Socialism The amusing aspect is most of these brain dead morons are trailer dwelling monkeys breeding like rabbits all living off welfare.
I can't speak for the republicans where you are from but down here they were all for letting the TBTF fall of the face of the economic earth. The people I spoke to said, economy be damned, if these banks and institutions are bankrupt they have to go, most if not all of them were 100% against bail outs of any kind. How is it a few months later they are being blamed for supporting giant scaled socialism?
please reread my posts - I said nothing about republicans. in my book both republicans and democrats are equally culpable for this mess!
Why is it such a bad idea to ask people that are collecting the public dime to contribute some of their time to the public? Just because someone is collecting unemployment doesn't mean they should be entitled not to work. Not all are deadbeats, but the ones who don't make an effort to get back into the workforce are, and an even higher percentage of deadbeats are in the extended unemployment collecting group.
One issue, often overlooked, is you have to pay people to supervise all of these ppl to prevent blatant fraud, that's costs even more money. A few years back Denver was looking at providing shelter and food for all homeless, F*cking 100k a year per person! Why because you can't just give them the money, you have to pay government workers to regulate payments, check against fraud etc. 100k and this is based on the program in Philadelphia. I can live on 35k if I have to.
There is a difference in making your money during the greatest economic expansion of all of human history and making it in a credit driven aftermath and crash. Factor in recent rises in school and housing and its apples to oranges, as much as you want to think "kids are lazy nowadays." Here is some interesing reading, though not directly on topic: Full Article: http://www.alternet.org/economy/145...lth_--_what's_it_going_to_take_to_get_it_back