Wanted: Personal Responsibility

Read this very good article by Linda Chavez, who says we have only ourselves to blame for the current economic crisis:

"No one wants to talk about who is most to blame for the financial crisis that now threatens the U.S. economy, though there is plenty of blame to go around. It is far easier to blame other people — greedy Wall Street executives, predatory lenders, President Bush, federal regulators, members of Congress —than it is to look at ourselves.....We have become a nation of debtors, and our only solution seems to be to turn to the government to bail us out. And it's not just Wall Street firms looking to be rescued. Politicians are fearful of passing a financial package that does not include some relief for borrowers as well. Certainly it is worth doing something to prevent lenders from making bad loans to individuals without the credit or down payment to ensure likely repayment. But automatically bailing out borrowers who weren't credit worthy in the first place is no solution. Ultimately, all of us have got to rid ourselves of the addiction to spending money we don't have. Instead of pointing fingers, we'd better start looking in the mirror if we want to understand who's really to blame."