Tis true, Americans have a bad habit of spending beyond their means, especially nowdays.
Did you know that the American government effectively forces banks to give out loans they otherwise would never ordinarily take? The reasoning behind
this is that there was and is something very similar to this as a benefit to military personnel and retirees, but now, true to the steady trend toward
communism that America is taking, these special loans, which require absolutely no down payment, are available to certain people who have proven
themselves to be unable to save money, make consistent money, or even make money at all.
Now, banks were/are not powerless in this. They still offer these loans, but any good accountant will tell you these are very bad ideas, and are
traps. You just have to look at the fine print. These borrowers, to whom the government tells the banks to pay money to, in almost every instance
cannot afford the loan, but due to the circumstances of the loan they can still get it. After their first or second missed payment, the already high
monthly bill gets higher...and higher... and higher, until they cannot possibly hope to make any payments at all. These loans end up vaccuming all the
money out of these people, and destroy lives daily.
I am sad to say that most of these special cases, where poor people cannot resist the temptation of a better life, are minorities, especially black
people. Talk to any older black man or woman and they will probably be able to give you a dozen or so examples of this of people they know, also black
and/or minorities. It's a sad truth, and an ironic twist of how sometimes you really shouldn't help some people, and instead let them do it
themselves. That, and how liberals all across the nation are proven wrong every time someone is thrown out of their own house.