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Originally Posted by Tipsy  That has more to do with the Fed than with Bush. If they don't raise the interest rates then the economy isn't going to slow down, and with it just about at its peak of this current cycle, it could be worse if they were lower. |
I wasn't speaking about the economy or anything. I was just mearly stating that with interest rates at about 1%, it makes a lot of sense to take out a loan.
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Originally Posted by Tipsy Not everyone's life goes as planned, sometimes things just go wrong, and sometiems people just don't plan. In any case, I personally believe that social security is a necessary safety net for society. |
I disagree. For the majority of those instances, there are solutions that don't involve the government (life insurance, my wife getting a job, ect.).
I agree with you, that there needs to be a government safety net for a select few situations, but at the same time, things like planning for your retirement & taking care of your dependants is a basic thing that everyone should be doing for themselves. I don't think the government should be so hands on that it forces everyone to plan for their retirement. Not to mention that they just can't be trusted to manage the money correctly.