Here We Go, Again!

Wednesday, May 20, 2009

Americans are taking it in the shorts, and not the cute, pretty shorts.

I just cannot comprehend how we have gotten to the point wherein irresponsible behavior is acceptable, and responsible behavior is punished. Like millions of other Americans, I pay my mortgage payments on time, car payments on time, VISA/MC payments on time, cable payments on time, utility payments on time, and so on, and yet, Congress is going after (again) another industry, accusing them of deceptive practices, thereby enticing those poor consumers into signing up for a credit card.

Give me a freaking break!

I can remember when achievement was celebrated, striving and attaining a goal was applauded, and being a deadbeat was frowned upon, but apparently, the reverse is now the increasing accepted norm, and that is abhorrent. But, I ask my kind readers, why should those of us who are responsible borrowers be saddled with additional fees and instant interest charges, simply because we have been in agreement with our financial arrangements as stipulated? The short answer is, we shouldn't, but the long answer is we will be punished because of the no loads who will not uphold their end of the bargain.

It honestly makes you question why bother being responsible...

Hat Tip: HotAir


DammitWomann May 20, 2009 at 9:54 PM  

Same question most of your readers are asking themselves.

However, just be thankful you don't live in CA. Our debt just rose to 21 Billion $$$$$.

I think we are now into 3 generations down who will be paying for this mess.

Gothguy May 20, 2009 at 9:59 PM  


I left CA in 1991/92, and really never looked back!

I miss the climate and my friends there, but that is about it.

Also, thanks for being a frequent commenter...I really do appreciate that! :)

DammitWomann May 20, 2009 at 10:56 PM  

GG - you are a daily read for me. Thank YOU for doing the writing.

Me - born, raised, educated, married, etc., in Ventura, CA. Still here......

gregor May 21, 2009 at 6:52 AM  

the choice is being a responsible citizen and provider, accepting the terms of debts you take on and making payments in good faith in return, doing everything you can to be self-sufficient, making intelligent financial decisions with forethought and being fiscally and morally responsible, or being an over-borrowing idiot, relying on the government to bail you out and slap the hands of the people you made financial agreements with, even though you couldn't fulfill your end of the bargain. Really, though, I blame both the leeches and the credit companies equally. The credit companies use those irresponsible borrowers as a source of extra income by hitting them with rising interest rates and penalties when they run afoul of their credit agreements. That should have been stopped years ago. However, that does not excuse those who flip the plastic for every and anything when the don't have the resources, or worse, the intentions, of paying it back. If I ran a credit card company, it would be "first late payment - card suspended until the next payment cycle and the payment is made on time; second late payment - good bye...". And the offenders name would go on a national credit risk list. The other big issue is unending drone of "buy, have, need" that is hammered into the minds of the American public by advertisers and marketers. It really works. More than most people think. The aura of a lifestyle based upon possessions, rather than self worth has been eroding this nation since the end of World War II, hence the financial and social mess we're in now. And the government has jumped on the same wagon, selling their snake oil remedies to those ills, and it's not just the Left. The GOP is no better. They're both like the Man Behind The Curtain in The Wizard of Oz... I pray I live to see the day that a true Conservative leader rises up out of the great unwashed and casts off the false mantles of leadership and starts kicking ass. If only.

Gothguy May 21, 2009 at 6:51 PM  

Your comment is spot on, and much better then my little screed!

As always my friend, you have a way with words.

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