It's time to panic

[bonnielynn]

our gas is still $3.34

 

[Nancy]

Our cheapest gas is 3.56 and I saw that today.

What I want to know is this:

Groceries and the cost of goods went up supposedly because of the cost of shipping said goods due to rise in rise costs..ok, gas has dropped a lot, almost 1.00 a gallon here and the grocery prices haven't gone down at all. If they raised the prices because of the cost of gas shouldn't they lower them for the same reason?

 

[disney1990]

Watching the local news this morning, there was an economic expert on who basically said the US is screwed financially. We are currently over 400 BILLION in debt, and we will continue to be in debt for the next several years. He said this will be a long, difficult road back to recovery.

Look for the resales to go through the roof. There will be a gradual but steady decline of DVC sales, and other than foreigners, look for Disney to start losing tourists. The recession has now become a depression. All of our excessive spending has finally caught up with us.

We will have to work our way out of this over the next 10 - 15 years.

Good luck everyone.

Everybody always complains about the Democrats running up the debt. Well,
Bush 1 and Bush 2 were the main reason for this debt we have today. Clinton actually lowered the debt that he inherited from the first Bush and W has just taken it back up.

http://zfacts.com/metaPage/lib/National-Debt-GDP-L.gif

 

[Yen Sid]

There are so many fixes for this mess, first should be sending a bill every month to Iraq for our services while we are still there, they are expected to have a 58 billion dollar surplus by the end of the year, the next thing is a total overhaul of the current way politicians do business, stop with the overspending on toilet seats, stop the pork barrel spending. I am getting so sick and tired of things being stuck inside of a bill so it gets passed and then if you vote no for the bill it is because of the main reason of the bill and not the pork which is why you voted no.

 

[DawnM]

DH moved our assets to a money market account about 8 or 9 months ago.

He got letter after letter saying that we weren't being agressive enough with our money and we should move it back into stocks. We didn't. We now still have all of our $$.

Two years ago we started getting serious about our money. We paid off all of our car loan, paid off our student loan, and put 6 months' worth of spending into the bank just in case.

I am SO thankful we did this. It took a lot of sacrifice on our part. We stopped going places as much, we saved for purchases in cash and wouldn't buy if we didn't have cash, didn't eat out as much, budgeted like crazy, etc...

The spending has got to stop as it has been in the USA. Materialism will be our downfall.

DH's job is going well and probably won't have a problem, even in a serious recession. In fact, he just got a promotion and a good raise. I could get a job fairly easily too if I needed to.

We are taking this recession thing very seriously.

Dawn