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Can’t Afford a Vacation? Blame the Fed
“As the dollar loses purchasing power, demand for government assistance increases…”
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“As the dollar loses purchasing power, demand for government assistance increases…”
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2 comments
With the massive drop in foreign tourists thanks to a certain complete imbecile’s policies, you would think that it would be easy pickings to find a great deal from all the desperate tourist destinations within our borders.
Alas, Trump’s reverse-Midas touch has instead turned almost everything to crap.
There is another thing we as a people have to squarely face. In the main, as a nation, we Americans tend to live above our means and fail to save for hard times and retirement. We want 4 huge flat screen TVs, a house a third to twice as large as the average home in our parents’ generation. We want that new car when the one we have still has several good years on it – and we finance the new car over 7 years with only 1k down in cash. We don’t mind carrying 20k in credit card debt more or less perpetually. We put vacations, birthday presents and Christmas on the credit card, having no idea where the money is going to come from to pay it. Every few years, we refinance our home to pay off those credit cards and then do it all over again. Sure, our government is far, far worse, but a big reason why it is so bad is because it is just a larger, aggregated reflection of our own attitudes. We want to cut spending but no-one ever gets mad when their congressman or senator brings home millions in pork projects for their district or state. There has been a reversal trend – somewhat- in a significant portion of our society that started after the Great Recession, but it is a stark minority of our population. Until we as a people start changing our own choices and attitudes at home, this will never go in the right direction.