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Wow, great article. Thanks!
I bought a house during the first year of employment after college. My mortgage payments were over 60% of my monthly after taxes income. I don't know how I got that house, because it would be impossible to live on the remaining difference. I, of course, had a plan and managed just fine. But not everyone thinks things through and is responsible. So many people don't care about numbers, they think they deserve to own houses and then end up in foreclosure.
You can't tell Americans what we can't have. That's what Jimmy Carter did, and look where it got him.
In truth, we want to be told that we can drive an SUV, own a home, eat 18 hamburgers a day, leave all 3 of our computers running 24-7, and buy it all on credit without any consequences at all.
The nation itself has this philosophy, not just individuals. We have been borrowing from foreign nations in order to finance our hogfucks in Iraq and Afghanistan for too long. The day will come when China and our other creditors will want their money back, and the crazy people running things will decide they'd rather bomb them back to the stone age than pay up.
Welcome to the early stages of World War 3.
God bless America!
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