Originally Posted by
miked
... Also didn't that cause addition expense to those least able to shoulder it? I am certain there are more great government programs to come. Mike.
There is the basic flaw in most government programs - the belief that those being "helped" will use common sense and not take on more debt than they can afford. How many traded in a junker for a new car, only to lose that car six months later cause they couldn't afford the payments?
It's true in this example and it's true in business or anywhere: The people who manage their money will prosper. People who let their money manage them will fail. It's been said that you could put ten rich people and ten poor people on an island. Give each the same amount of whatever they'll use as currency. Come back in six months. The rich people will have all the currency; the poor people will have none.
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