Middle class America is acutely aware of how bad this economy is, and it is going to demand changes. I don’t think politicians can afford to be complacent.
The people who are filing for bankruptcy in increasing numbers every year, it’s not the poorest. It’s not the people at the economic fringes. It’s people who worked hard and played by the rules.
The people on Wall Street broke this country, and they did it one lousy mortgage at a time. It happened more than three years ago, and there has been no real accountability, and there has been no real effort to fix it.
Goals work. Pick one debt, and then put every dime into paying down that one debt. Once that debt is paid off, start paying down the next debt. Pretty soon it’s time to move from paying debt to building savings.
