2022 Boise Idaho Real Estate Blog

Over 20 Years Of Problems -- All Coming To A Head

Main Boise Home Loans

We have been building up to this economic crisis for some time now. Until we finally change our ways as a consuming nation...we will be destined to have the same problems we have now over and over and over and over and...

The current state of the economy is a fragile one at best, but it is important to realize that these problems we are facing TODAY have been rooted in at least two decades of bad behavior.

Whenever any type of economic pain has been approached in our country, our answer in unison has always been to simply borrow more money, and push the day of reckoning forward, with no thought being given to who will ultimately have to foot the bill. There has never been a point during this time when we have been forced to be accountible for spending too much, saving too little, and taking on too much debt. We have not once been willing to sacrifice our own comfortable standard of living, so that our children and grandchildren will have a better standard of living. That's too bad.

It is time to wake up America. Whether you are an individual taxpayer, small business owner, mid-sized company or large corporation, start being accountible to the role YOU PLAYED in this mess, if any. If you are not a corporation asking for a bailout or are not a taxpayer asking for a bankruptcy judge to discharge your debt, I salute you. If you are a person or business who has cash reserves to weather this economic storm, I respect you. Those people and businesses are part of the bigger solution that our country needs...a complete restructuring of HOW WE LIVE AND CONSUME.

Posted by Eric Leigh at 12/16/2008 2:31:00 PM

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