SteveDaWonder
CAGiversary!
I just realized I spelled economic wrong in the title. If I could fix it I would.
I have been thinking about this whole economic crisis for a couple of days now. I've looked at several different options and opinions of others, and have read the news reports. I have come to one conclusion: Americans need to live within their means.
What if people were given a credit card that a particular months balance had to be paid off in full six months later. Either that, or give people like a 500 dollar credit limit, and that's that.
That does not mean you could not receive a loan for a vehicle, or a house...but anything beyond that couldn't go above 500 dollars in credit.
Because this economic crisis is also the fault of many businesses, they would have similar restrictions, albeit perhaps a little larger in number.
If people had to live within their means, then the American dollar would be stronger, and there would be no credit to have a crisis with.
What happened to the old adage that if you're capable of working and you don't work, then you don't eat?
I have been thinking about this whole economic crisis for a couple of days now. I've looked at several different options and opinions of others, and have read the news reports. I have come to one conclusion: Americans need to live within their means.
What if people were given a credit card that a particular months balance had to be paid off in full six months later. Either that, or give people like a 500 dollar credit limit, and that's that.
That does not mean you could not receive a loan for a vehicle, or a house...but anything beyond that couldn't go above 500 dollars in credit.
Because this economic crisis is also the fault of many businesses, they would have similar restrictions, albeit perhaps a little larger in number.
If people had to live within their means, then the American dollar would be stronger, and there would be no credit to have a crisis with.
What happened to the old adage that if you're capable of working and you don't work, then you don't eat?