Jan 17 2009
Fears about the Economy
A group of friends got together last night for drinks and appetizers and eventually the conversation led to the economy. It is such a dramatic concern for everyone, regardless of their financial situation; it is a topic of conversation you really can not avoid. Things have been scary over the last few months but 2009 has not gotten any better - in fact, I think everyone can agree it has gotten worse.
Fortunately where I live we have not seen the huge number of foreclosures that have happened in many other states. We have had many companies announcing layoffs but again not to the extent that other large cities have experienced. However, it is still scary.
Given the fact that I have a daughter going to college in a few years I worry about whether or not there will be student loans available for her. In addition, I worry about her going to school for a profession but not being able to get a job when she is done because unfortunately I am not sure that our country will have recovered by then.
Even more so I am very concerned for both of my girls and the dollar amount of national debt that we have grown which they will be responsible for paying off. To be honest I look at the numbers and how they have grown and I am seriously beginning to worry about our national security if we continue down this road. Then I think, well I’m sure someone more intelligent than me is making the decisions and it will be fine - or will it?
