I feel that this has been in the happening for many years. College students defaulting on paying back student loans. Other people not paying back borrowed money and no one seemed to care. Attitude was changing from I am not responsible and I should have everything that I want and let someone, ( Taxpayer ), cover my stupid decisions. Then when Gray Davis, our former Governor and his P.G.& E. buddies were doing their thing and P.G.& E. cried bankruptcy and then a few weeks later the CEOS receive huge bonuses and the bankruptcy thread was forgotten, that to me was really the beginning of what is happening now. I really don't see this year getting much better and it won't until the Govt. will cut back on their tax and spend programs and all of their perks. The country needs to be taken back by the people and the only way to do that is to vote these crooks out of office. But no matter who is elected, promises won't be kept, and this is not going to end in a matter of a month or so. It has been heading toward this for several years and hand out generation is not prepared to deal with it. I am not an intelligent person and don't pretend to understand the Wall Street and Banking workings, but I haven't noticed any of the overpaid CEOs lose any raises or perks and bonuses for several years. The attitude seemed to be, Gee I may not get my $10 Million bonus this year so lets lay off enough people to make sure I am taken care of.
Students graduating from college and wanting to start as junior NCEOs instead of at the bottom and work their way up. The attitude if I can't have what I want, then I will just buy it and not worry about paying for it.
Sorry for the long post, but I just don't see any way out of this mess in a hurry no matter who is running things.
Ron
