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Is Recession Coming our Way?

April 8, 2008

Alan Greenspan, former federal reserve chairman, claims there is more than a 50% chance our nation will go into recession. My husband found the article today and told me about it on the way home from work today.

Hmm. This really gets me thinking about the financial state of America. Do we see the severity and understand the issue at hand? Since Financial Peace University, I am only scratching the surface of what I still have to learn. One truth I know for sure is that our aim and goal in our marriage is to completely get rid of all debt. Get rid of bondage. How come (especially in my generation) we think we deserve things when we don’t have the money to pay for them?

Generations before me paved the way to where we are today. They worked hard and earned their keep. The consequence is that we’ve become lazy and we don’t know what Save means because we’ve been given everything. With this mentality, our desire to have things has not come with the same discipline that was met with the generations before us. Instead, we have given in to borrowing more than we can afford making ourselves servant to the lender.

Isn’t it time to break free?

Do you think America can break free?

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