I truly believe that until people realize that when they are buying on credit or borrowing money for a home, car or whatever, that it is a reflection of your character that you don't feel you need to repay it when things get bad and solving our problems will be hard to do until it is realized.

It is not just government that needs to cut back but we need to look at what we can AFFORD, not what we want.

I know some have been sucked in over the years to just borrow what you need but that was a choice not a right nor where they forced to do so.

I think the saying goes something like this,

Poor planning on your part,
does not constitute an emergency on my part.

Or something like that.

The problem is it has affected us all, even those who have made the right choices and avoided the credit trap.

If you want to fix things get rid of the credit reporting, the way it is now.

If you don't borrow you have no credit or bad credit. If you do borrow you have credit and have set yourself up for bad credit. Really a bad system.