So yesterday the news spread that we’re going to bail out the banks. *sigh* I’m not going to complain too much, for lack of a better idea. I only believe in uber complaining when you’ve got a better idea. I just want to know, who the hell are we going to hold accountable for this? The American people? The banks? The government itself?
I think the banks should take some blame, considering they were lending too much money to people who would not be able to pay it all back.
I think the American people should take some blame for borrowing more than we could pay back just because the bank would loan it to us. And a little more blame for living above our income, no matter how little or how much that income is. Plastic is not the answer.
I think the government should take a little blame for not doing something much much sooner.
I will shoulder some blame because I have some unpaid debt. It’s under $10,000 (including my car loan)… but it is still debt that I have no idea how the hell I’m going to pay it back. I was told I shouldn’t feel bad because I don’t owe hundreds of thousands of dollars, but my little brain can’t fathom hundreds of thousands of dollars, nor what one would spend it all on, so it does not make me feel better. It haunts me on a daily basis, and I don’t answer the collection calls because I have no explanation what-so-ever for them, and they are going to try to bully me into paying them money that doesn’t exist.
I’m thinking a lot of people are using a lot of money that doesn’t exist. I can only truly speak for myself though.
The article I read was talking about dividing that 700 Billion of the bailout by the approximate number of Americans over 18, and you’d end up with around $3,100. What would you do with that money?
Most of it would go to my debt, but some would go into my gas tank. You know, that greedy part of your car that you must fill probably between every week and every other week otherwise the car refuses to move from your parking spot? (I try to fill it every other day because my gas gauge doesn’t work so I go by the miles I’ve driven since last fill up, that and the fact that I drive 92 miles every day)
I know my best friend would pay part of her college tuition and fix her truck. (I know too many people that drive a gas guzzler and don’t need to, but she has horses, so her truck owning is relevant.)
My boyfriend would just stick it in his bank account, he doesn’t need it.
Most of my customers that I see on a daily basis would buy clothes for their kids, fix their hanging-on-by-a-thread vehicles, pay their electricity bill on time for once, maybe get their phone/cable turned back on.
If you’re interested, here is the link to the article I was reading that brought on this post.
http://greenroom.blogs.foxnews.com/2008/09/28/breaking-bailout-news-vp-debate/
