Comments about ‘The next financial crisis doesn't involve a housing bubble’

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Published: Monday, Sept. 23 2013 2:05 p.m. MDT

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Salt Lake City, UT

"The next financial crisis, Markell argues, will come from a widespread lack of understanding personal finance."

**Will** come?

If the "lack of understanding personal finance" of about 80% of the people I know is any indication, the "next financial crisis" has been upon us for a **long** time!

Sandy, UT

It is interesting that we look to government funded schools for instruction on finances. While a few states like Utah are run pretty well, the Feds and many states are more incompetent at handling their own finances than the average American. What is truly frightening is that the majority of Americans now seem to believe that we can keep on spending close to $1, 000, 000, 000, 000 extra every year and not have it eventually cause a collapse. Part of the irony is that it is the young adults who voted for Obama that are being handed a bankrupt country.

In case you think I am just Obama bashing, I criticized Bush as well. Obama has simply slammed down the accelerator. We have overspent nearly 5 years of total Federal revenue in only 13 years. It is hard.to believe that any intelligent person would rack up 5 times their annual salary in debt in such a little.time. Even more frightening, Obama and most in Congress want to borrow even more.

Who is going to be teaching out children about finances?

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