I am just as big a critic of the U.S. Government's massive spending for questionable projects as anybody, and yet over my years on this earth, I have seen so many people either not using or not having common sense, that I can easily start moving the blame from the government (actually government officials) to just plain, garden variety people. Governments spend money supposedly to help their constituents get to a better place in life, but in reality, they actually spend to keep themselves in power. The government's spending therefore is a given. People's acceptance of this shouldn't be a given unless you can get them to suspend all logic in regard to the particular spending project. Unfortunately, I am beginning to believe it isn't a real struggle, nor a major illusion, to get Mr. and Mrs. John Q. Public to throw caution and thinking to the wind and move forward.
Let's look at a logical equation. It is reported that obesity can lead to diabetes and many other serious medical conditions. Therefore, it is reasonable to believe no one would go out of their way to try and get diabetes. Following that line of thinking, one might suspect diabetes would be on the decline as nobody really wants the disease. The most fit city in our country reportedly has 19% of their adults labeled obese. The percentage in our cities grows from there. Simple math will tell you that is 1 out of every 5 adults (approx.) in the best city, and it goes over 1 in every 4 adults in the worst cities. Does my aforementioned premise begin to seem possible?
People, as a whole, realize that seat belts help save their lives in both airplane and automobile accidents. One would surmise that everyone riding in an automobile or airplane would be wearing a seat belt. There is no reason for me to finish this logical exercise as we all know the statistics about accidents, injuries and death and seat belt usage.
Roger Schlesinger's Mortgage Minute is heard on hundreds of radio stations and daily on the Hugh Hewitt radio show and Michael Medved shows. Roger interacts with his hosts and explores the complicated financial markets in order to enlighten his listeners and direct them along their own unique road to financial freedom.