RizzyKing

There have always been people that lived beyond their means but what we didn't have before were such irresponsible financial institutions that threw money at people many of whom they knew couldn't repay. We also never had politicians before so in love with an idea that idea being that one section of the economy could provide all the coubtries needs that they sat right back relaxed oversight and failed to properly regulate. I remember way back when I went to get a loan and had to have a co signatory to the loan and to provide verifiable proof I was earning enough to make the repayments.

Some of the public were completely irresponsible in how they handled their finances but even that wasn't enough to bring about the collapse. Most of the blame does kie squarely at the door of the bankers and politicians two groups that never take responsibility let alone pay for their mistakes. In some ways 2008 was the ultimate financial perfect storm and no one had any idea how to deal with speed of the collapse. None of that makes the current situation on the burden of the economic situation correct though or excuses the groups paying heaviest to sort it out.

Recently through my brother I have heard a number of affluent people who do not feel they are bearing their fair share and could easily contribute more. This government is not interested in distributing the pain evenly they seem to have a set number of groups in their sights and are repeatedly hitting those groups.