That said, the long - term implications of bailouts, tax shortfalls and
lack of budget discipline is likely to be significant inflation pressure beginning about 4 years or so out, and continuing for the remainder of the decade.
Personally, however, I feel there is a very large segment
of the population who don't have the
discipline to
budget with a credit card because
of this «
lack of emotional pain», but there is another smaller segment who «bring down the average», if you will, who live on a strict
budget, and have the
discipline to not impulse buy or change their purchase decision based on plastic.