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Isn't it funny how people are told to save all their lives...

I would imagine those who saved are in a pretty good position. When the people in debt have to sell off assets to stay afloat, those with resources will find bargains to be had.
 
They weren't saving, they were spending on credit. Too much credit was available to the wrong people, and POOF, here we are.

 
when they "finally" do? Ive been saving all along....damn glad I did.

I'm not finding any humor in the financial disaster bullshit however....wtf?
 
Uh...maybe you just started saving, but not everyone. 😕

Plus, I think putting my money into mutual funds when the stocks are down is...profitable? I'm not well versed in investment banking or anything, but buy while it's cheap sounds like a mighty good idea.
 
The problem is that people DIDN'T save, they spent all their money and MORE, spending on credit they could never afford. The only irony here is that the money those of us who are intellegent saved up our whole lives is now being used to pay off the debts of those who never saved. In other words, we are punishing the financially responsible hard working people and rewarding the idiotic lazy people. Mother fucking communist if you ask me, and an economic precedent which is untenable in the long run. Basically be rewarding laziness and stupidity you are ENCOURAGING these traits in people (no matter what you say to the contrary), and by punishing hard work and intelligence you are DISCOURAGING these traits. When a whole generation has grown up with such encouragement this country will cease to be a dominate force in this world.

But at some point there will be some REAL class warfare with the lazy lower class demanding more and more from the hard working, and at some point the upper class will just say "NO", but it ain't gonna be like Atlas Shrugged where they just disappear, those in power will simply consolidate it and remove the rest from any influence in goverment. One need only look back in history to see into the future.
 
Originally posted by: BrownTown
The problem is that people DIDN'T save, they spent all their money and MORE, spending on credit they could never afford. The only irony here is that the money those of us who are intellegent saved up our whole lives is now being used to pay off the debts of those who never saved. In other words, we are punishing the financially responsible hard working people and rewarding the idiotic lazy people. Mother fucking communist if you ask me, and an economic precedent which is untenable in the long run. Basically be rewarding laziness and stupidity you are ENCOURAGING these traits in people (no matter what you say to the contrary), and by punishing hard work and intelligence you are DISCOURAGING these traits.
Click to expand...

um.. i don't get it. We have worked to have an awesome amount of savings that has allowed us to not work for a while.
How is our money being used to pay the debts of those that didn't save? I mean, i pay taxes on interest earned and all, but no different then i was before.
so i am not sure how my money that i saved is being used by others who didn't. forgive me if i missed something.
 
Originally posted by: theblackbox
um.. i don't get it. We have worked to have an awesome amount of savings that has allowed us to not work for a while.
How is our money being used to pay the debts of those that didn't save? I mean, i pay taxes on interest earned and all, but no different then i was before.
so i am not sure how my money that i saved is being used by others who didn't. forgive me if i missed something.
Click to expand...

Who do YOU think is gonna pay for all these bailout plans? We may be borrowing the money from China and others, but who is gonna pay them back when the bill comes due? Higher taxes are inevitable.
 
Originally posted by: BrownTown
Originally posted by: theblackbox
um.. i don't get it. We have worked to have an awesome amount of savings that has allowed us to not work for a while.
How is our money being used to pay the debts of those that didn't save? I mean, i pay taxes on interest earned and all, but no different then i was before.
so i am not sure how my money that i saved is being used by others who didn't. forgive me if i missed something.
Click to expand...

Who do YOU think is gonna pay for all these bailout plans? We may be borrowing the money from China and others, but who is gonna pay them back when the bill comes due? Higher taxes are inevitable.
Click to expand...

well, we were expecting higher taces anyway, probably a return to 39% like we had back in clintons days.
thats nothing new, though.
 
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