[Ferd]

Originally Posted by deltaguitar

Well, the first thing you do is not panic.

Sell the car, start renting a small apartment, and then pay off the debt like Dave Ramsey says.

Most people I know are living way better than they could get by on. Part of the reason people are in debt is because of the high cost of housing. Housing is now affordable and this "collapse" was needed to help the next generation of families afford housing. A lot of folks made a lot of money on the housing bubble and some lost.

Look, the government could gut back spending a little and allow drilling in closed oil fields and the economy would start booming.

Obama is setting us up for a little heartache but a little tightening up never hurt anyone.

Delta my friend. Answer this question. Do you see this government (republican and democrat) cutting spending? do you see it happening?

Do you actually think this president has any intention of cutting any spending at all?