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Old Dec 13, 2009 | 09:14 AM
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From: Gulf Coast
Originally Posted by code58
We have lived the same way and if the majority of people in this country did that, we wouldn't be in the mess we are. For whatever anyone says about easy credit stimulating the economy, I say it sure does and it also stimulates inflation, foreclosures, bankrupcy, irresponsibility, wanton excesses in materialism, divorces, and certainly stimulates the sales of alcohol and aspirin. Plenty will disagree with me, but I grew up in a time when credit was EARNED, not handed out like free candy and sleep came a lot easier without the aid of a drug to attain it.
I agree and that is kind of why I started this thread, to see if this downturn has changed anybody's behaviors with regards to finances. Basically to see if anybody learned that their overspending and relying on credit is very risky and resulted in a long term change in how they handle their finances. If people did learn from this one, then when the excess credit/capability/whatever is worked out of the economy the world economy will be in a better position to grow.
 
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