Friday, December 29, 2006

Living in America’s Fringe Economy

If Americans really want to begin anew, besides holding elected officials accountable for the nightmare in which we find ourselves, they would do something simple, but, as we know, hardly easy: Cut up their credit cards and downsize.

Yes, this applies to families, too. If there is one thing American kids have no idea about, it is the value of money and its proper use. Mainly they don't have a clue, because their parents never knew, either.

When we have a president and a congress that has no better sense than to live off plastic, the people had better start saving, not spending money they don't have, and may never have, at the rate the American economy (the real one) is going.

There is class warfare in this country and it wasn't the lower socio-economic classes who started it.

However, we can all damn well finish it, if we act forcefully, intelligently and together.

AlterNet: WorkPlace: Living in America’s Fringe Economy:

Millions of Americans live on the margins of the American economy, depending on the likes of payday lenders and pawnshops, who charge excessive interest rates and superhigh fees for their services.

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