Kevin Lamson

Bad Mortgages Are Only the Beginning

The "easy credit" but "high interest rate" culture has permeated every facet of American's society. Easy credit has allowed people to buy things they did not need nor afford. This buy now pay later mentality has allowed Americans to over indulge in every aspect of their lives. Buying big expensive gas guzzling cars ("SUVS"), larger and larger homes ("McMansions"), fattening themselves on high calorie restaurant meals and sending their children to expensive over priced schools that leaves many families or their children owing tens of thousands of dollars on student loans.

The demand for this easy credit is what had allowed credit card companies to charge usurious interest rates which in turn has created a demand for expensive cars, homes, food and "consumer goods". It seems that American's insatiable gluttony for buying "stuff" on credit has now come home to roost.

Our government is the gluttonous uncle who borrows and spends like a drunken sailor. Borrowing billions to fund invasions and wars that we can ill afford and giving billions of dollars to other countries or their leaders in hopes of endearing them to the U.S. It’s mad!.

What happen to the concept of living within ones means. Having a budget and living within that budget. Earning a living, paying your bills and then saving. We American's should stop this easy credit insanity. We should also stop our drunken uncle (U.S. Government) from spending like a mad man and live within a budget.