Here’s a look at this week’s posts from The Prudent Purse blogs:

Affordable Luxury: The Prudent Purse- A blog on money issues and personal finance for everyone!

• Tina Fey is Sarah Palin Again! Read about Sarah Palin’s views on socialism. Was her governence in Alaska “socialism”? Did she spread the wealth in Alaska? What is socialism, anyway?
• Livablity: Will living near public transit solve America’s economic problem as well as the environmental problem? The Obama Administration is putting millions into promoting transit-oriented development. In fact, a study has shown how foreclosure rates are related to car ownership. So does this mean that less cars equal less foreclosure?

Tina Fey took the stage last night in her role as Sarah Palin. In the midst of the comedy, questions on the Palin philosophy come to mind again, and after the laughter and sensationalism, one can’t help but ask: Where does Sarah Palin stand on economic issues and more importantly, where does she stand on socialism?

Let’s step back a bit and ask the big question: What is socialism?

According to the Socialist Party of Great Britain, the main idea behind socialism is “common ownership”, where the citizens participate in and own the resources, collectively making decisions that will help them.  So essentially, the people share in the wealth.