{"id":864,"date":"2008-11-07T22:39:34","date_gmt":"2008-11-07T22:39:34","guid":{"rendered":"http:\/\/voteforjoe.com\/wheresjoe\/?p=300"},"modified":"2008-11-07T22:39:34","modified_gmt":"2008-11-07T22:39:34","slug":"11608","status":"publish","type":"post","link":"https:\/\/voteforjoeblog.com\/?p=864","title":{"rendered":"11\/6\/08"},"content":{"rendered":"

I talked with Paul Breen today. \u00a0 He is a Professor of Finance<\/strong> at Dominican University in Columbus, Ohio. \u00a0 He said our current financial systems in America, for the most part, all revolve around credit. Professor Breen said when we started going “down the slope (in regard to our current financial crisis)” is when young couples, several decades ago, started buying houses they couldn’t afford on credit, which has now cascaded into a tremendous amount of foreclosures… \u00a0 Some “average Joe” common sense<\/strong>: \u00a0 People could<\/em> \u00a0 actually afford many of these homes if they used some simple, creative smarts. \u00a0 They could rent out a room in their homes. \u00a0 They could, in addition, \u00a0convert a garage to, say, an efficiency apartment. \u00a0 They could even house-share with another family, halving the expenses altogether… \u00a0 It just that, well, we’ve become so<\/em> gluttonous and selfish \u00a0about “our space.” \u00a0 And this is not so much an endemic \u00a0financial malady — as it is a spiritual one. \u00a0 \u00a0 Note:<\/strong> \u00a0 Professor Breen said credit (read: debt) is imbedded in America. \u00a0 But was this God’s plan? \u00a0 Many of us, in essence, have become compulsive debtors (credit cards, car purchases, home purchases…). \u00a0 In California, I researched the group Debtor’s Anonymous. \u00a0 People here admit to their addiction to debting and the formula is simply not to debt anymore, one day at a time. \u00a0And somehow, with God’s grace, they are able to live in this society without debting.<\/p>\n","protected":false},"excerpt":{"rendered":"

I talked with Paul Breen today. \u00a0 He is a Professor of Finance at Dominican University in Columbus, Ohio. \u00a0 He said our current financial systems in America, for the most part, all revolve around credit. Professor Breen said when …<\/span> Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-864","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/voteforjoeblog.com\/index.php?rest_route=\/wp\/v2\/posts\/864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/voteforjoeblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/voteforjoeblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/voteforjoeblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/voteforjoeblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=864"}],"version-history":[{"count":0,"href":"https:\/\/voteforjoeblog.com\/index.php?rest_route=\/wp\/v2\/posts\/864\/revisions"}],"wp:attachment":[{"href":"https:\/\/voteforjoeblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/voteforjoeblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/voteforjoeblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}