A friend of mine recently told me his family has not used a credit card in 8 years. Sounds as if 8 years ago his family was spending a little beyond its means. Then something happened. Sanity happened. The same insanity that drove my friend’s family to the brink has infected gov’ts and corporations alike over the past couple of decades and though I suspect the U.S. government hasn’t completely seen the light, businesses are starting to. Certainly families have.
With unemployment creeping in the right direction and markets beginning to slide step forward, my gut tells me this recovery will be tempered in a positive way and we’ll all exercise more restraint. Business owners and families will be much more mindful of expenses. Expenses will be monitored more closely and the work supporting them will be harder work — smarter work. Case in point: Vermont. Always a state known for thriftiness and hard work, Vermont was devastated by hurricane Irene. Mile and miles of roads and bridges were washed out in late August and the expectation of repair was $1 billion and a year to complete. Today Vermont is almost completely back to normal road-wise and the price tag looks to be more like $200 million.
How? The recession made us stronger, smarter, more willing to work together. Certainly it did in VT. Now that goodness needs to spread. A goodness born of tough times. Let’s mine that goodness y’all. Peace!