"Calif Bill" wrote in message
news


My buddy's son and wife (who works for a bank) live via credit cards. Pay
the minimum each month. In for a rude awakening when things tighten up.
Buddy has tried to tell them to do better, but they are like lots these
days. Live for the present. I remember a couple years ago on this
newsgroup where someone did not really care what the boat cost, but what
were the monthly payments. 10+ year loan on a $9000 bayliner was ok.


In their defense (although it's not an excuse) the credit industry has made
it very easy over the past couple of decades. Here's a great finger
pointing exercise. Keep hitting "next" to see the next culprit.
Interestingly, the public consumer is one of the culprits, along with 'ole
"balanced budget" Bill Clinton.

http://www.time.com/time/specials/pa...877350,00.html

Plenty of "blame" to share around.

Eisboch