Saturday, March 21, 2009

The Real Problem With The Economy

6 comments:

Douglas Porter said...

Those numbers are not a problem if those people have the income to pay off their debt in the future. Josh, are you really thinking this through? Are you really against all debt, or only bad debt?

Josh said...

I'm against all debt created by consumption (and that makes me a big fat hypocrite).

Its not sustainable.

Though its not the people's fault, its the type of society our governments have created, and it will be their undoing.

Douglas Porter said...

So let me get this straight. ALL DEBT is wrong? All debt is consumptive, so all debt is wrong?

Douglas Porter said...

I think there was debt long before our current style government

Josh said...

Debt should not be used for purchasing consumer goods.

Chris said...

Who are you to regulate debt? Either you are for debt or against it.