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By Lorenzo di Medici (anonymous) | Posted October 05, 2008 at 23:05:14
there is another step - that is where the politicians can't say no to spending. They deal with an electorate that needs instant gratification, and can not understand the concept of personal responsibility. That is why they bray for access to cheaper home loans, but only want to put down 5% and then refinance their way to millions. The Greatest Generation would not have done that, but the Least Generation does. Why not live within one's means and save for a rainy day?
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