
To support his family during the
Great Depression, my wife’s grandfather
had to travel to places where there was
work. He built this small “camping
trailer.”
We did everything right…, we thought.
We “bought” a house that we could afford on our budget and never re-financed, though it probably would have been smart in order to get a better interest rate…, or to pay it off earlier. But now it’s paid off and that doesn’t matter.
We never bought more on credit than we could afford…, but sometimes it was close.
We did without the toys that others bought…, no bass boat, no four-wheeler, no recreational vehicle — until recently.
However, we did travel, sometimes on our own dime and sometimes on company business, with us paying Karen’s way and the cost for the side trips that we made.
And we saved, saved, saved — most of the time on a single income.
Our vehicles — except for one — have always been new, never used. But we always drive them until they are just about falling apart — except for one, a different one — , so we generally get decent value out of them.
And we always, always pay our bills on time — except for that one bill that fell behind the couch back in 1978.
Creditors usually like us — we did everything right.
And now it’s likely we’re going to have to pay because others didn’t do it right…, and I’m just a little upset about it.
I’m not upset at the people who were able to finance more than they should have been able to.
Its.. not… their… fault!!!
I’m upset at the greedy bastards that let them finance more that they could pay for — the people who came up with variable interest loans and other creative financing schemes that were going to make the loans possible for those who were too close to the edge — the regulators that deregulated — the politicians that made it legal to deregulate.
I’m upset at all the people who worked to change the rules that said you had to live within what you could afford, that said you had to be able to afford whatever debt you took on.
The way we did….
Damn greedy bastards!
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I’ve made up my mind on who I’ll be voting for in less than three months.