Originally posted by wd9
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So far, the plan seems to be to reward those who were least prepared, and least responsible, at add more debt at all levels, to make borrowing costs even cheaper, and to punish savers even more, to remove all motivation to be responsible and prepare for the next downturn.
If there is any lesson to be learned here, it is that being financially prudent and responsible will be punished, and will result in you having to pay for the irresponsibility of everyone else who now knows for certain that the government will bail them out no matter how badly they mess up. Just shifted a whole bunch more people permanently from the makers, to the takers column, and they will vote accordingly.
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