Comments on: This Week’s Economic Hard Truth http://toughmoneylove.com/2008/09/13/this-week%e2%80%99s-economic-hard-truth/ The Hard Truth about Money and Personal Finance Fri, 19 Mar 2010 02:03:20 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Uncommonadvice http://toughmoneylove.com/2008/09/13/this-week%e2%80%99s-economic-hard-truth/comment-page-1/#comment-455 Uncommonadvice Sun, 14 Sep 2008 17:23:12 +0000 http://toughmoneylove.com/?p=96#comment-455 The "negative" of the US government takeover of the big institutions is that people who have spent instead of paying down their mortgage are now going to be rewarded by "not being repossessed" - if that makes sense. In the UK, the rate of repossessions has slowed up in the last few months, after half a year of craziness. It sometimes makes me wonder why I work hard, and yet the government lays it on a plate for others. The “negative” of the US government takeover of the big institutions is that people who have spent instead of paying down their mortgage are now going to be rewarded by “not being repossessed” – if that makes sense. In the UK, the rate of repossessions has slowed up in the last few months, after half a year of craziness. It sometimes makes me wonder why I work hard, and yet the government lays it on a plate for others.

]]> By: Andy http://toughmoneylove.com/2008/09/13/this-week%e2%80%99s-economic-hard-truth/comment-page-1/#comment-440 Andy Sun, 14 Sep 2008 02:29:40 +0000 http://toughmoneylove.com/?p=96#comment-440 To me one of the biggest long term issues (up there with Social security funding and healthcare reform) is our National debt problem. It is going to continue to mount and just like the big financial instiutions collapsed under their actual and potential debt obligations, USA Inc could be headed for a big bad fall. To me one of the biggest long term issues (up there with Social security funding and healthcare reform) is our National debt problem. It is going to continue to mount and just like the big financial instiutions collapsed under their actual and potential debt obligations, USA Inc could be headed for a big bad fall.

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