Does anyone think debt is good for our Children and our children's children?
147955
No, I do not wish for my children to have to worry about all that debt.  Sadly, there is not much I can do about it other than vote wisely, and prepare my children to be wise and to try to change the world themselves.
327156
And your not, just another mentally deficient, me, type repuglican. Do not worry about tomorrow, never mind that the kids and grand kids will have to pay this debt, and more importantly the interest. Do you realize that the interest on a 3 trillion dollar debt is enough to fund health care for each individual in the country, oh that's right you have health care and it don't matter to you. I bet I am closer to "right" then you are.
842145
Only if it is harmful to them, or if they already have too much of what they like.  Generally, we should give our children good things.
897958
Do you know that this is where schools fail us. If only they could explain/teach us about debt and what it can do to us then maybe we would understand how to excercise self control. \nI have spent 20 years in debt and am proud of the fact that i have paid it all of(last October) and am now debt free. BUT, and it is a big but, i want a new tv, maybe a 37 inch lcd hd ready one to hang on the wall and i have credit cards, overdraft facilities and no savings! What would you do, get credit .....NO, save money, learn that the only money that you can spend is money you have earnt or saved.\nPlease dont fall into the trap of debt/borrowing money etc ..it can kill you, if not literally then just in spirit and mind.\nBanks and lending organisations should be held more accountable if you ask me.
560882
just think about ur kids.it really helps.
50115
I don't know which is worse? My Aunt is going through a divorce in AZ and apparently everything is community property, meaning 50/50. In your case I would fear that debt would also be 50/50 responsiblity.And even if you do have children, if you have deep relationship issues, kids aren't stupid and it sucks to live that way for all of you!
1016937
Yes, as a matter of fact I have done the college savings plan in my state for my 7 year old, because by the time she's in college it would cost a small fortune. By doing it this way I am paying what it cost now, and if she doesn't go I get the money back. But she BETTER go. LOL!
1131324
No, you will have to sell your kids into slavery until the debt is paid off.
710982
Myself and my brother never paid any money to our parents but we certainly helped alot more around the house as we got older. Washed cars, mowed the lawn, kept the house tidy, made meals for the rest of the family. We have both also gone on to full time jobs which pay well, both own our own homes and are debt free other than our mortgages. I think there are a number of factors that contribute towards your children understanding how to pay their own way. I will not ask my children for keep unless they are still living at home after 30. \n\nThese days I would prefer their money went into saves so they can afford their own home.
622334
it is hard. sometimes it seems like you'll never get ahead.\nI'm married with a child, we don't get any aid and we have tried hard to stay debt free, it isn't easy!\nthere is always a way though, and someday you'll be able to tell your kids how hard it was in the old days:)\n\nthere are more people to support, that's the only reason they get more money.
479948
On the other hand, having a little bit of national debt can be a good thing, because it allows the treasury to sell bonds on the debt, which is an important tool for monetary policy and allows the government to mitigate inflation.\n\nLots of debt is definitely a problem, though.  My theory on why people don't understand things like this (or act like they do) comes down to a combination of laziness, stupidity, and selfishness -- the unholy trinity of human failure.
309783
depends on the debt...child support etc yes
982600
Not likely. The debt to GDP ratio is really not any worse than it has ever been.\n\nhttp://zfacts.com/p/318.html \n\nhttp://www.optimist123.com/optimist/2006/05/pie_chart_of_wh.html
414606
Definitely!  All the things that you have mentioned are attained through a good upbringing.  You need not be rich to bring your children up with class.
192759
No, I don't.  My parents did the best they could.  Paying for my own university education made me appreciate and value it much more.  I couldn't afford to waste time in university - time was money.  It made me a stronger, more independent, more self-sufficient person.\n\nParents do not owe it to their children to pay for a university education.  Parents owe their children love and shelter and caring, and the basic needs of life until they are old enough to manage them on their own.  If they can afford to pay for univeristy, and want to, that's fine.  But no parent should feel quilty if they can't, nor should any child resent it.\n\nWe don't tend to truly appreciate those things in life that come to us too easily.  We much more appreciate what we have to work and sacrifice for.
361754
I agree completely.  I know a girl who is always wearing brand new really cute clothes and never wears anything twice.  The same goes for her kids.  Then when she sees me and my kids.  We look nice but, she still looks down on me and I just laugh inside because I know she must have mountains of debt and I don't.  Life is not all about what you have it's about how you live it.
512010
our children and grandchildren.