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Friday, June 21, 2024

The Economy.. What a Mess, Our Making

So I am sure you all have been watching the news, as well as the election coverage for the last few weeks.

I cannot believe the mess our elected officials as well as WALL Street have gotten us in. I don’t think the bill that was passed into Law on Friday will be enough, I believe there will have to be more done.

We just can’t blame them though either.

Were you one of the folks who went out and acquired a sub-prime loan to get the house of your dreams, which should be just that, kept in your dreams? Were you one of the ones who got that 1% interest for the first 4 or 5 years, but now the “MAN” is knocking on your door because the budget you setup for yourself and that Castle you now live in were setup for a 1% loan, which is now over 6% ??

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I think folks should go after the crooked Bankers, Wall Street, as well as our politicians, but we should also look into the mirror, were we really the person that started that little snow ball down the hill, which is now some monster that will take the whole town out?

It used to amaze me when I had friends who to be honest, always had the newest new fangled gadgets, Cars, Bo-honkin huge ass’ed television etc, how did they pay for it? That 0 percent loan that stays that way for a few month but then gets jacked up, that went along with your ARM loan on your house etc.

So, as HMC-FMF-PJ has been stating in our Forums, over and over and over again, as well as myself, and 8404, it is really important that we live within our means.

It can not only affect your personal life, but can affect your MILITARY life as well, Orders, Security Clearances etc can be affected, I saw more then once folks who could not get orders due to the Debt Ratio being to high. We had folks who had to be sent to us to work, (YN’s) Who had lost their clearance due to Debt etc.

So Next time you see that loan offer that looks to “AWESOME” to be true, just say “NO” and save. My motto, and it has been my motto for the last 5 years, if I can’t buy it with my “DEBIT” Card, I don’t need it right now.

What do you think? Comment below.

Da-Chief

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