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Tag Archives: consumerism

There must an end of speculation with other people’s money

Franklin Delano Roosevelt’s first inaugural address… Given in Washington, D.C., March 4th, 1933 ~~~ “… There are many ways in which it can be helped, but it can never be helped merely by talking about it.  We must act, and act quickly. Finally, in our progress toward a resumption of work we require two safeguards against a return […]

We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow…

“…Another factor in maintaining balance involves the element of time. As we peer into society’s future, we — you and I, and our government — must avoid the impulse to live only for today, plundering, for our own ease and convenience, the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren […]

Our debt mountain

Here is what individuals, corporations, local, state and federal government are faced with… Mountains of debt that accumulated over the years… $50 trillion of combined debt… Particularly the debt of financial companies… from the New York Times’ Floyd Norris… ~~~~”…For most of the last two decades, the biggest increase in debt in America came from financial companies. […]

We recognize in this crisis an invitation into a deeper simplicity

 The Episcopal House of Bishops released a message concerning the financial crisis… ~~~~ “…we are mindful of the worsening financial crisis around us. We recognize there are no easy solutions for the problems we now face.  In the United States there is a 30% reduction of overall wealth, a 26% reduction in home values and […]