PlanetFrnd
Head Coach
fourteenandoh;1182255; said:government has the responsibility to ensure that everyone in America has an opportunity to succeed. it is not government's role to ensure that everyone succeeds. capitalism is formed on the assumption that there are winners and losers. not everyone can win.
in the op-ed piece this guy tries to go about figuring out who to blame for americans putting themselves in debt. he mentions hollywood, state govts, credit card companies, payday loans and even hedge funds (WTF do they have to do with a college kids credit card debt?) but mentions nothing of the people who make the decisions to put themselves in that debt. There is no hint of personal responsibility to be found. IMO the solution is pretty simple. start educating people about money in grade school. learning about basic money skills should be right there with learning how to read and write. It really isn't that difficult to understand how savings and debt works. it could be taught one hour a week in the form of a money class that gets more complex as kids get older. if we did this, we could raise a generation of financially savvy (or least not financially retarded) americans that won't get duped into hollywood, lotteries, credit card companies, no money down interest only mortgages etc etc. to tie this back to my original thought, this would kill demand for lottery, predatory credit cards and home loan companies and they would be the losers and would probably go away. all of this could be accomplished with no gov't regulation into business whatsoever.
Not to get too tangential, but personal fiscal responsibility was taught to me by my parents and grandparents... I didn't even need school for that.
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