1187 Abysmal savings rate

Jane Galt always has interesting things to say at her blog Asymmetrical Information. This one about the savings rate of the average American is very telling, not so much for what she writes, but her readers' comments. There were 71 comments when I read them. One person (a woman I presume) took a home equity loan to pay for her wedding. How's that for short sightedness? Or how about the one, "I used to be poor and now I'm in the upper 5% and want all the toys" (my paraphrase).

Like many sites, she is recommending Castle Coalition concerning that recent Supreme Court decision on eminent domain. It's the only decision I can recall being villified by both the right and the left.