Comments on: Extravagence – It’s What To Teach Our Kids

By: MoneyTheory

MoneyTheory — Thu, 22 Jan 2009 06:40:23 +0000

To me, the monetary value of certain things is sometimes just a random number thrown out of the air. I mean, a dish is a dish, a plate a plate, and it is really only as valuable as the money someone would actually exchange for it. Unless the china was made from the rarest material in the entire world, then I’m sure the cost to manufacture it was a minute fraction of what someone established its worth as, and what was paid for it.

By: Debt Destroyer

Debt Destroyer — Wed, 21 Jan 2009 03:28:02 +0000

Both of the issues brought up here are non issues to me.
The White House needs fancy china to entertain numerous world leaders.

And it costs a lot of money to hold a presidential inauguration. This year’s costs are right in line with the last one…but with a much larger crowd.

http://www.theglobeandmail.com/servlet/story/LAC.20090120.INAUGURALCOST20/TPStory/International

By: The Happy Rock

The Happy Rock — Tue, 20 Jan 2009 13:29:11 +0000

@John – It looks like at least a third of the people in the poll agree with you.

@FB – I think we are in agreement

@Al – I agree that the inauguration spending is egregious, but this post was typed up before the 160 million was thrown around as the inauguration cost.

@Loretta – The hard part is that this is what people want. The public is the ones going crazy too, so the public hype is matched by the spending. People are traveling days just to get there. It is that historic for people. The spending is still exorbitant either way.

By: Loretta

Loretta — Tue, 20 Jan 2009 13:01:21 +0000

I was going to post about the absurdity of the cost of the inaugeration when the country is deep in the heart of a recession…but I see some wise soul beat me to it. I think a $150,000,000 inaugeration that lasts only a few hours is more outrageous than a set of china costing $450,000 that is used frequently for 4-8 years. Both are extravagant, but the cost per use is much lower than the cost of this inaugeration for a one-time deal. So much for “Change”!
And I agree with the other poster…if this was a Republican president spending this money for an inaugeration, he would be run out of town on a rail!

By: Spokane Al

Spokane Al — Tue, 20 Jan 2009 01:46:44 +0000

I am amused at this posting and at the comment it generated. How is it that if you are concerned about setting the example and spending you have no problem with the $170 billion that Obama is spending on his inauguration, which is the most expensive in history?

I can remember the uproar over the cost of George Bush’s second inauguration, which was substantially cheaper than this one.

But then I guess there are different standards for republicans vs. democrats.

Have a great day.

By: Fabulously Broke

Fabulously Broke — Mon, 19 Jan 2009 21:26:57 +0000

Hey, practice what you preach.

And they wonder why North Americans aren’t hellbent on saving, or why we think we deserve the 2 cars, big home, and 3 kids who go to private school on a $60,000 salary.

Why not? Just use credit.

I’m not an American (yet!) but that article turned my stomach. And don’t get me wrong, it’s not just the States. It’s Canada spending money on golf balls signed by the Prime Minister.

*gag*

What a waste of money. $485k may not seem like a lot of money to the billions that the government may have in income, but a penny saved is still a penny earned.

I could go on and on… really. But I’ll gagging here.

Fabulously Broke in the City
“Just a girl trying to find a balance between being a Shopaholic and a Saver.“

By: John @ Curious Cat Investing Blog

John @ Curious Cat Investing Blog — Mon, 19 Jan 2009 20:19:14 +0000

I agree we buy too much stuff and many of us seem to think we can’t be happy without lots of presents under a Christmas tree. While I agree these purchases of China seem extravagant I think that extra plates at the White House is not really a huge issue. The huge amount of buying tons or stuff overall however is a much bigger problem. And the huge amount of consumer debt is a huge problem.