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Re: Re: Re: Re: Re: Re: Gas out days
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Posted by Paul in Mich on May 26, 2004 at 21:52:17 from (68.188.227.110):
In Reply to: Re: Re: Re: Re: Re: Gas out days posted by Gary in TX on May 26, 2004 at 21:07:22:
Gary, I agree that there are a lot of financially strapped people out there today. While none of us really like the idea that we may never see gasolene below $2.00 again, I don't think that the price of gasolene is what is causing financial stress. I believe that credit card debt and $200,000 mortgages have more effect on the financial well being than what they are paying for fuel. Our parents never allowed themselves to create the indebtedness that people of today are getting themselves into. The interest alone on credit card debt is enough to choke a horse, yet they go on charging and charging and charging. It isn't all on necessities either, its on designer jeans, carribean vacations, snow mobiles, motorcycles, boats, tv's in every room, cell phones for the entire family, and everything else that folks swear they cant do without. My Dear departed Dad used to tell us that "it isnt the cost of living that creates financial problems, it's the cost of "high living". It is true that many people have taken advantage of low interest mortgage rates, but so many of them did not use them to reduce their debt, they used them to buy these hugh houses with 3 car garages, 3 bathrooms, 5 bedrooms, wet bars, and anything else that they think will give them and edge on their neighbor. There is absolutely nothing wrong with owning a house like that if you can afford it, but I see a problem when the same people carp about the cost of gasolene while thay continue to literally "drive themselves" into bankruptcy. I feel lucky that I feel no need to get into that rat race. It bothers me not one bit to ride in a 10 yr old car, live in a 30 yr old house, and have to share a tv set with someone else and not be able to answer the question," what is your cell phone number"? I'm sure that high gasolene prices hurt some people on fixed incomes, but then maybe some of those same people will have to beg out of this months bus trip to the casino.
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