You see, the problem is with people who actually save money.
When homeowners – the indebted social elite – get in over their heads they have a negative net worth, while most renters (here anyway) saving to buy some day have a positive net worth.
We can’t have lenders and borrowers both be insolvent or there will be no more horses to pull the carriage of economic expansion through slavery by debt.
That’s why we have Obama. He will take from those us who save money and give it to those who abhor such frugal mindlessness.
