Life takes some interesting turns when you extend the inevitable with credit. Credit allows you to maintain the appearance of lifestyle for an extended length of time before the trench becomes too vast to cross.
The national debt has now gone past $10 Trillion pushing our individual contribution to between $10,000 and $30,000 per person… (And I thought my credit card debt was bad!).
A free market will naturally correct itself if left alone. We have a tendency to want to prevent changes from occurring; but, species naturally go extinct; the planet naturally warms and cools; and civilizations come and go.
Now it’s man’s turn on Earth. We are stewards. The idea behind Stewardship is to recognize that we are caretakers. Responsible caretakers are also concerned with the public trust and the use of public funds.
The public does not need to buyout bad mortgage debts or other industries. Houses will foreclose, the price of homes will adjust and people will move to homes that they can afford. With the tearing down of entrenched institutions, newer, better companies emerge. Much like a forest fire releases new growth for a healthier forest.
I think the government has been highly irresponsible with our tax dollars. Fiscally responsible policies need to become a top priority, or we will see conditions worse than a Great Depression, we will see a bankrupt nation that is largely mortgaged to foreign countries.
I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you down the road!