[Fyron]

1) people spending more money than they make results in/is deficit/debt spending. I don't know why our current society believes that this is a good idea, but it sure is addicted to it. Look, if someone needs a car, they should buy within their price range or save up until they can afford it. Constant interest payments aren't good for people!

Can you afford to go write a check for a brand new car today? The whole thing at once. What I meant was, I can't afford to buy a car today. So, I take out a loan to spend more money than I have. I pay the loan back over a period of months/years, as I can afford small payments over a time period, but not all at once. Take houses for a better example. Who (that is not rich) could afford to go write a check from their checking account and buy a house today? Almsot noone, that is who.

This is what banks are for. Banks are a necessity.

[ February 14, 2003, 01:05: Message edited by: Imperator Fyron ]