One challenge that my family is currently facing ad will face for the next four years is the state of the economy. Right now, one of my brothers has lost his job because the company closed, my other brother has had his work hours reduced, my mother cannot find a new job after her company closed, and I myself work for a small business that has had to cut my hours and reduce pay because they are not making enough money.
My bills however have not been reduced, and I am continually trying to find ways to pay everything so that I am not in the negative, but as gas prices go down which 'will not last' as the media keeps saying, food prices go up.
This is an injustice because the reason business close is because they don't have enough money because no one is buying their product. No one can afford to buy the products because they are being laid off or paid less, or are stuck in debt because of bad loans. This is a catch 22 and unless something is done soon, we will be in a horrible recession. I think one of the only things to do is to try and help people get out of debt by working on adjusting loans to more affordable rates and getting people spending again. As citizens we ca work with out legislators to express what is happening to us, and to try and manage debt in a smart way so that we do not borrow more than we can pay back.
Tuesday, November 18, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment