My friend Jon Modene is a real estate professional in Perrysburg, OH near Toledo, OH. Like me, he is an endorsed local provider for the Dave Ramsey Organization. This means that we both are against excessive consumer debt - Especially non-producing debt. But it's not just consumers that are struggling under a burden of way too much debt they are attempting to carry. Our federal, state, and local governments all have too much debt which limits their ability to provide services without breaking the budget. In fact, most of the problems that our economy is facing are because of the debt that businesses, government, and private citizens have taken on.
The following is Jon Modene's recent post in his http://www.perrysburgblog.com/ which I was MOST impressed with:
Not in business. Not in real estate.
I was surprised to see naked, shameless shilling. By two public figures.
Begging for miracles.
The first was Toledo’s mayor, Carleton Finkbeiner begging for people to please help Toledo and to go buy GM, Ford, and Chrysler automobiles. (What about the Honda’s made in Ohio? Too bad!)
Really? People with unknown employment futures? With too much personal debt? With rising taxes? We need to go out and buy a new car? With OPM? (Other People’s Money)
With car loans?
I have a message for Mayor Finkbeiner- Toledo’s problems stem from TOO MUCH debt. Simply taking on more debt will never help Toledo, its corporations, or its citizens.
Let it work.
Pass it along. (N.B. Lewis writes with real quotes and strong language - you are thus warned)
All except for the part about not believing in miracles I couldn't agree with you more Jon!