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Message: <blockquote data-quote="Flipx99" data-source="post: 3508116" data-attributes="member: 562352">(when I say 'you' below, I am not talking about you in particular)1. Should I be responsible for subsidizing the lack of forward thought of America's youth? I guarenteed that I would not have a child in high school by not having ***. Call it lame, stupid, call it whatever you like; having *** in high school is not a requirement for graduation. Althought there are instances of ****, I would be you 10:1 that 90% of teenage pregnancies are because of poor decisions. They don't think or don't care about their future.Me and a friend (who is a 2nd year @ Temple Law) have this experiment. If one day, we come wealthy enough...we are going to walk through random neighborhoods and write checks for $10,000 and see how fast the people waste it. If 1 in 100 turned their life around, it would be all worth it. I somehow doubt that many would make wise choices, if they were smart enough to turn their life around with $10k, they probably are not poor. But I believe a small fractional percentage of the poor has all their ducks in a row and if given the proper chance, or break, they would be successful.I think the poor are poor because they didn't either have a plan or didn't properly execute it. I see these kids on Oprah and and various other shows saying they want be be a doctor, lawyer, chemist, etc. They are doomed to fail...they have no idea how to get from point A to point B....which is the REAL problem, there are no role models for the poor class to show them the way to meet their goals without scamming them with these self help books.2.There is nothing inherently wrong with credit cards or loans. I made a loan to pay for school and made a loan to purchase my truck. I borrowed at reasonable rates (4.75% and 5.55%, respectively) I also have a couple credit cards. I use them nearly everyday...But I also don't pay any interest because I make good decisions with them. It's not that credit is inherently bad, as it allows one to do things they could not do otherwise, it's people who can't handle credit demanding credit is the problem. I got in my first argument with my current gf because she has a loan where she pays 18%...18%....outrageous....but I have a plan to fix it but still.3.I never said simply "work harder". I say work smarter. I am a "wanna-be economist / investor," and because of that I am shielded from the effects of layoffs, fires, job got destroyed by Katrina, etc., and investing is something everyone can do.</blockquote>

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