Comments on: New Legislation You Need to Know About http://christianfinanceblog.com/2009/08/07/new-legislation-you-need-to-know-about/ Spiritually Prosperous, Financially Rich! Sun, 29 Jan 2012 03:42:51 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Henry http://christianfinanceblog.com/2009/08/07/new-legislation-you-need-to-know-about/comment-page-1/#comment-5024 Henry Sun, 23 Aug 2009 21:42:50 +0000 http://christianfinanceblog.com/2009/08/07/new-legislation-you-need-to-know-about/#comment-5024 Brad, good insight. I agree with you that people should not go into debt to take advantage of this deal. However, if they were already going to buy a new vehicle anyways, and pay cash for it, why not take advantage of some additional savings? It's really a question of who's going to pay for it. We as taxpayers are obviously going to pay for it in the end. And that's the part I don't like. Brad, good insight. I agree with you that people should not go into debt to take advantage of this deal. However, if they were already going to buy a new vehicle anyways, and pay cash for it, why not take advantage of some additional savings? It’s really a question of who’s going to pay for it. We as taxpayers are obviously going to pay for it in the end. And that’s the part I don’t like.

]]> By: Brad http://christianfinanceblog.com/2009/08/07/new-legislation-you-need-to-know-about/comment-page-1/#comment-4987 Brad Wed, 19 Aug 2009 19:20:01 +0000 http://christianfinanceblog.com/2009/08/07/new-legislation-you-need-to-know-about/#comment-4987 I personally think that allowing the country to put such a big burden on future generations all in the name of "stimulating" the economy and giving the consumer new debt is ridiculous. I think it is selfish and inconsiderate for us to blindly accept a program simply because we will get $4500 out of it. Our kids will be paying that money back and the person acquiring new debt loses too. It's almost the same as me going out and running up a credit card in my sons name knowing he was going to have to pay it back one day. I am always surprised at how so many people "JUMP" at the chance to go into debt. Instead of calling it a rebate, the Government should just call it bondage. How many people would be attracted to the deal if they called it what it is? I wrote an article calling the cash for clunkers program what it is, and that is debt for suckers. I think it is selfish to take advantage of this program, but that's just me. I personally think that allowing the country to put such a big burden on future generations all in the name of “stimulating” the economy and giving the consumer new debt is ridiculous. I think it is selfish and inconsiderate for us to blindly accept a program simply because we will get $4500 out of it. Our kids will be paying that money back and the person acquiring new debt loses too. It’s almost the same as me going out and running up a credit card in my sons name knowing he was going to have to pay it back one day.

I am always surprised at how so many people “JUMP” at the chance to go into debt. Instead of calling it a rebate, the Government should just call it bondage. How many people would be attracted to the deal if they called it what it is?

I wrote an article calling the cash for clunkers program what it is, and that is debt for suckers. I think it is selfish to take advantage of this program, but that’s just me.

]]> By: Koncerty http://christianfinanceblog.com/2009/08/07/new-legislation-you-need-to-know-about/comment-page-1/#comment-4926 Koncerty Thu, 13 Aug 2009 16:23:46 +0000 http://christianfinanceblog.com/2009/08/07/new-legislation-you-need-to-know-about/#comment-4926 It's very interesting for me. $4500? I must think about new car :) It’s very interesting for me. $4500? I must think about new car :)

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