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  • 'I.O.U.S.A.' -- some inconvenient financial truths

    Posted Oct 01 2008, 08:04 AM by Donna Freedman
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    Money Blog: Smart Spending Blog - MSN Money

    I got a massive headache at a screening of "I.O.U.S.A." on Monday night. As I left the theater I noticed that a lot of moviegoers looked a bit queasy. "They didn't tell me it was going to be a horror film," I joked to one woman. She nodded, and shuddered. Actually shuddered.

    Not enough people are going to see this movie, I think, because it deals with a subject we're all really tired of hearing about: America's fiscal improvidence.   Read More...

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  • How long will the 'new frugality' last?

    Posted Aug 01 2008, 01:11 AM by Donna Freedman
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    Money Blog: Smart Spending Blog - MSN Money

    Gas is expensive and food is going higher and higher. I'm not talking about today -- I'm flashing back to my teenage years. Times were tight between 1974 and 1976, when I ran the household for my father and younger brother. I remember how quickly the grocery money evaporated even though I made all our meals, desserts and snacks from scratch. Gasoline was not only costly but rationed during what was widely referred to as the "energy crisis."

    People combined errands and stayed home a lot more. They cut back on nonessential foodstuffs, did without entertainment and new clothes, and generally tried to make their dollars go further. But this austerity didn't last. The age of conspicuous consumption cranked up in the 1980s, and cars seemed to get bigger each year. More than a few times I've said to myself, or to others, "Have we learned nothing from the '70s?"   Read More...

    Discuss ( 73 comments) 21,803 Views Digg this | Email this | Link to this