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    Message Terry Canell

Terry Canell  ((# of views))


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I have been working as an accountant for 30 years. I am married with two children, one in high school and one in college. I live modestly and had managed to save enough for my retirement until my savings were devastated by first the tech bubble and now the market meltdown. On top of that, I now owe more on my mortgage than my home is worth, so I am not looking to retire for many years. My wife is a stay at home mom who is now working at the local library to help supplement our losses. We are worried for the future and aren't sure our leaders know how to take care of the mess the banking industry got us into. I have learned more about derivatives and credit default swaps than I ever wanted to and now believe that social security is a ponzi scheme which I can never expect to receive a penny from. The debt level of our country is astronomical and each new bailout means more that my children and grandchildren will have to pay off in the future. I truly have bailout fatigue and am in doubt that any of the bailouts will benefit us as a country. In the meantime, as our economy gets worse, more people lose jobs and savings, have no hope and are becoming desperate. I think all bailouts should stop and be saved for social programs for the poor and destitute that we will be seeing more and more of in the future.

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