[quote=SD Realtor]Agreed with CAR and Flyer, it has nothing to do with material objects. The one thing that I do not agree with in the article has to do with the presidential candidates. To me there really is no way to eliminate the change. I don’t think a Romney or Obama candidacy will make a difference. The acceleration of poverty, food stamp enrollment, differential between rich and poor has grown substantially under Obama. Similarly Wall Street has recorded phenomenal profits. Regardless of who is president the numbers are way way to staggering to change what will happen.[/quote]
I tend to agree. We’ll likely take the brick wall approach because we’ve reached the critical mass where too many on reliant on government to take care of them. It’s been an extremely long time since we’ve seen the fall of a nanny state so it’s difficult to know how things will play out. Argentina, Iceland, Mexico, and other countries that have seen economic collapse didn’t start off with a population with such extreme entitlements. They were poor before, they were poor after, they were lucky to have food and shelter over their head. We’ll be going from comfortable retirements, easy access to world class health care and independent living to something much less. There will be quite a bit of anger and outrage in that process, but it is inevitable because we refuse to deal with the issue.
We lived above our means for a long time and are desperate to prevent the revision to the mean. People will come to accepting 30% less than they thought they would get eventually. A wheel chair instead of a hip replacement. Community living instead of independent living with a car. 1200 SF houses for the middle class instead of 2500SF houses. Hopefully nothing life threatening but you never know how the angry mob is going to react.
