Five Ft. Three

“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.” ― Milton Friedman

Where people spend their money

on February 23, 2009

I know, I know, what I am writing about you will argue is ancedotal, but maybe it isn’t far from reality.

So, right after my husband found out that his pay was being cut 10%, I knew going out for dinner would be a less frequent event in our household (stands to reason that pay cuts should result in spending cuts, at least outside of Washington this happens). But we had a balance on an Outback gift card, so I was able to convince hubby to go out to dinner one Sunday night. The place at 5:15 p.m. was absolutely PACKED, there was a 45 minute wait for a table, and we’re like, “what recession?”

Then this past weekend, we were at an indoor waterpark with my husband’s family (I know, we had these plans prior to pay cut but we still went because everyone was going) and mind you this is the biggest indoor waterpark in the country and it was PACKED, 100% full, so where is that recession?

Then in the newspaper yesterday my husband reads that tatoo artists’ businesses are doing great, if they didn’t see a newspaper to know there was a recession they would never guess from their business. (We saw lots of their artwork at the aforementioned waterpark this weekend).

So, people are spending money. And you know, I always say they should spend it on whatever they want, everyone’s priorities are different so if they want to buy plasma TVs and Hummers, so be it, they worked hard for it, buy what YOU like. (Me, chocolate and caffeine are my indulgences).

BUT, when it pisses me off is when they spend it and then can’t pay their mortgage, and then they get bailed out while those of us playing by the rules get no adjustments to our rates or our principle. And it pisses me off when other people don’t save for their future and then expect the government to take care of them.

It truly does come down to the ideal of personal responsibility, and BB recalls the days when there was loyalty on the part of the employees as well as the employers, and that is part of being responsible, too.

I am not sure how to get back to those days, but always looking to Uncle Sam to help is not the answer.

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