Frugal, Shmoogle

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Save for a raindy day

You see a number of aging hippies and senior citizens at the Las Vegas casinos. They have little in the way of savings and are playing at the slots hoping to hit the "big one" in order to make ends meet. Kind of sad as in the long run you cannot beat the casinos at their own game. Others hope that the government will take care of them the rest of their lives...and they are in their early 60's and as the article mentions really never grew up.

RonNV of NV @ Aug 30, 2008 11:33:45 AM

Frugal Smoogle

It's not about becoming frugal. It's about growing up at last. The past forty years have seen way too many adolescents reaching retirement age. The self-centered, me, me, me has led to one million bankruptcies! the same numbner of foreclosures and bailouts that mean the few grownups out there are footing the bill. Being an adult is not so bad. I hope a few of the childish adults out there give it a go.

of @ Aug 27, 2008 19:09:27 PM

The retail "therapy" needs to be replaced by the therapy of saving something for tomorrow. For this to work right, plain old bank savings accounts need to be paying interest that actually exceeds inflation. Until you have a President appointing a Fed Chairman who both understand this, Americans will be stupid non-saving deadbeats. There has to be a reward, not a penalty, for savings. And, no, not the stock market.

Real conservatives conserve something. At the moment we only have the phony kind of "conservatives'---a bunch of liar bums.

of @ Aug 27, 2008 11:08:29 AM

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Rick Newman

Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman connects the dots. In addition to his writing for U.S. News, Rick is the co-author of two books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.

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