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Reply #25: You are very very fortunate that is the only debt you have. [View All]

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OwnedByFerrets Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-01-09 10:54 AM
Response to Reply #8
25. You are very very fortunate that is the only debt you have.
You are in the minority, I'm afraid.
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  -Is This "Twin Peaks" Theory Legit? "We all have too much debt" leftchick  Mar-01-09 09:43 AM   #0 
  - That chart looks like my last EKG.  hisownpetard   Mar-01-09 09:48 AM   #1 
  - Yes - saw this yesterday. NPR had a story - see link.  geckosfeet   Mar-01-09 09:50 AM   #2 
  - Loose Fed Monetary Policy Was Instituted In The Early Part of This Decade  Yavin4   Mar-01-09 09:56 AM   #3 
  - You mean - they lied?  geckosfeet   Mar-01-09 09:58 AM   #4 
  - Thom Hartmann has been discussing this for months.  OwnedByFerrets   Mar-01-09 10:00 AM   #5 
  - I am scared  leftchick   Mar-01-09 10:08 AM   #8 
     - You are very very fortunate that is the only debt you have.  OwnedByFerrets   Mar-01-09 10:54 AM   #25 
  - Yes we do and that's why the Republicans are so angry and scared.  Raven   Mar-01-09 10:02 AM   #6 
  - Our wages weren't rising! WTF were we supposed to do?  Hello_Kitty   Mar-01-09 10:04 AM   #7 
  - Blame people at the bottom  sandnsea   Mar-01-09 10:16 AM   #9 
  - me too - exactly what leapt out at me from this article.  Warren Stupidity   Mar-01-09 10:17 AM   #11 
  - DING DING DING!!! Exactly!  TorchTheWitch   Mar-01-09 10:48 AM   #22 
  - Parents have complained about student credit cards  sandnsea   Mar-01-09 10:53 AM   #23 
  - Yeah, sure. "The bank made me do it."  PSPS   Mar-01-09 11:07 AM   #31 
  - I know some folks in debt because of lack of Health Insurance  leftchick   Mar-01-09 11:49 AM   #37 
  - Banks were offering credit to anything that had a pulse.  bulloney   Mar-01-09 12:23 PM   #41 
  - The worst of the worst got filthy rich from this scheme....  OwnedByFerrets   Mar-01-09 10:55 AM   #26 
  - WE Were Supposed to Say "NO!" To a Forced Economy  NashVegas   Mar-01-09 10:27 AM   #15 
  - Our standard of living has been rising dramatically in the last 25 years?  Warren Stupidity   Mar-01-09 10:16 AM   #10 
  - I don't see that either, actually. My parents used to be able to afford  TwilightGardener   Mar-01-09 10:21 AM   #12 
  - Agreed.  Deja Q   Mar-01-09 12:28 PM   #42 
  - The cost of everything has gone up.  Hello_Kitty   Mar-01-09 10:22 AM   #13 
  - Re: High Tech Gadget Costs Going Down  NashVegas   Mar-01-09 10:30 AM   #17 
     - cable/internet/cell/land etc - people pay huge monthly bills for access  Warren Stupidity   Mar-01-09 10:32 AM   #18 
        - Sure Do. And GPS. What a Scream  NashVegas   Mar-01-09 11:20 AM   #33 
  - Isn't the Home Equity Loan About 25 Years Old?  NashVegas   Mar-01-09 10:28 AM   #16 
  - You are correct to question this assertion. Our DEBT ratio  OwnedByFerrets   Mar-01-09 10:56 AM   #27 
  - Hammer meet nail.  emmadoggy   Mar-01-09 11:44 AM   #35 
  - Yes. This Is What Many Of Have Been Telling You For Six + Years  NashVegas   Mar-01-09 10:24 AM   #14 
  - Happy to be the first to Rec this, Sad and scared  GinaMaria   Mar-01-09 10:32 AM   #19 
  - The debt spike is tied to declining standard of living: In 2002 Americans started using credit in  Kip Humphrey   Mar-01-09 10:33 AM   #20 
  - I heard this NPR story yesterday as well on This American Life. My thoughts:  NoSheep   Mar-01-09 10:41 AM   #21 
  - ...  OwnedByFerrets   Mar-01-09 10:58 AM   #28 
  - I think you're talking about the upper middle class, though. If you made  TwilightGardener   Mar-01-09 11:04 AM   #29 
     - You've got to be kidding! I've been in a 2 income family and we absolutely  NoSheep   Mar-01-09 08:46 PM   #44 
  - Yes, this is the next big problem  MadHound   Mar-01-09 10:54 AM   #24 
  - yup... I have friends in both situations  renate   Mar-01-09 11:48 AM   #36 
     - I have parents who went through the Depression  MadHound   Mar-01-09 11:55 AM   #39 
        - "Is it a want, or a need?"  leftchick   Mar-01-09 12:21 PM   #40 
           - Having been homeless for a couple of years,  MadHound   Mar-01-09 12:51 PM   #43 
  - Living high on the hog?  boobooday   Mar-01-09 11:05 AM   #30 
  - The talkjng heads are finally talking about this?  nadinbrzezinski   Mar-01-09 11:08 AM   #32 
  - I think we do ourselves no favor by looking at the situation in isolated frames  burythehatchet   Mar-01-09 11:32 AM   #34 
     - excellent points  leftchick   Mar-01-09 11:50 AM   #38 

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