The government has bailed out the financial institutions so that they will be free to start lending again. Isn’t that what got us in this mess in the first place?
The truth is that many of us are already living way above our means. We try to use credit to afford things we simply can’t.
We got away with it for a while but now it has caught up with us. Now, we are witnessing what happens when you heavily depend on credit – foreclosures, bankruptcies, loss of jobs, etc…
Still, it doesn’t seem like the government has learned the lesson.
We don’t need anymore credit.
What we need to do is live financially responsible.
Whatever happened to living by a budget?
And buying things that you can truly afford?
That is what is needed. That is the real solution to the problem.
Unfortunately, our government doesn’t see it that way. And, they are hoping this $700 billion bailout “stimulates” the markets.
But, what if this fails?
What is plan B?
The Wizard has spoken.
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