here are some of the idiots that want to slash social programs and hate

[cali]

raising taxes on the wealthy. How stupid can you get?

$40K on the credit card, $125K on the mortgage, $1K monthly bills. How do YOU survive Obamanomics?
6/01/11 | Libloather

Posted on Wednesday, June 01, 2011 9:57:16 PM by Libloather

You're pretty close to being toast. Nerves are frazzled, homes are being evacuated, jobs lost and families are torn apart.

Oh, the rookie Hussein has performed magic, all right. Kinda nuts. But it's what Barry King planned all along. This is his vision. Wealth distribution. And it's only getting started.

How do you make it? Old money, new money, food stamps, living with the folks, moving in with the neighbor? How are you doing it?

Are there any really good tips to make it through the Hussein years?

And don't give me any guff on that '$40k on the credit card' remark. I hear the commercials. You know the ones who say, "Do you owe over $100K to the IRS?" HOLY CRAP! Are you kidding?
TOPICS: Crime/Corruption; Editorial; Government; News/Current Events
KEYWORDS: bills; credit; cwii; gold; loans; miseryindex; mortgage; obamanomics; obamunism; silver; steelandlead

Discussion thread
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I was on the edge. Over 25 weeks on unwanted unemployment. Paid off stuff before Hussein hit. I saw it comin'. Holding on tight.

Mine? No concerts, less eating out, driving less, cheaper eats, no A/C, stopped buying newspapers.
1 posted on Wednesday, June 01, 2011 9:57:24 PM by Libloather
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To: Libloather

Coupons, hunting and fishing.

2 posted on Wednesday, June 01, 2011 10:00:06 PM by bajabaja (Too ugly to be scanned at the airports.)
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To: Libloather

Coupons, hunting and fishing.

Not much money for fancy dating either.

3 posted on Wednesday, June 01, 2011 10:00:56 PM by bajabaja (Too ugly to be scanned at the airports.)
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To: Libloather

I enrolled four of my five credit lines in a debt settlement company. Now two are paid off and two have apparently given up and gone away. The fifth is back on track. I got rid of my car and ride the bus (live in Los Angeles). Got a forbearance on my student loan. One more year and I’ll have everything paid off except the student loan. I’m getting there. But it’s easier for me; I don’t have a family.

4 posted on Wednesday, June 01, 2011 10:01:16 PM by A_perfect_lady (Islam is as Islam does.)
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To: Libloather
0 Debt, Spend only what I have too. No vacations. nothing.

If I survive then the next President and congress should be a boom and make a ton of cash.
5 posted on Wednesday, June 01, 2011 10:01:16 PM by scooby321
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To: Libloather

I gave up on credit cards entirely... was able to halve my balance. If I was in that boat I would cut things like cable tv, phone service, etc. For your broadband, see if your ISP offers an “economy” option if you absolutely cannot drop it (i.e. using it for job hunts, etc.)

6 posted on Wednesday, June 01, 2011 10:03:10 PM by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: Libloather

Downsized the house in 05 and paid cash for the new one.

Pay off the Card (one) every month.

Cook at home mostly - I’ve been making homemade bread (okay, in the bread machine).

Do fun things either close to home or at home. We live very close to Ohio’s 2 Amish communities and there is always something fun and wholesome going on there.

We watch videos, have bon fires in our backyard, read, and me and my 9 year old are learning to loom knit.

7 posted on Wednesday, June 01, 2011 10:03:10 PM by mom4melody
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To: Libloather

I was out of work for four months but have lived off the severance package. No mortgage. Only $5K on the credit card.

Stopped getting the liberal rag back in the ‘90s. Rarely buy music anymore. Pushed the thermostat up a little higher in the summers and down a little lower in the winters.

No magic genies though. Hyperinflation or a second recession will likely kill a lot of us financially. We’ll be working (if we’re lucky enough to have jobs) until the day we keel over at our desks.

8 posted on Wednesday, June 01, 2011 10:03:35 PM by OrangeHoof (Washington, we Texans want a divorce!)
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To: Libloather

We did Dave Ramsey a few years ago and are so darn glad we did.

9 posted on Wednesday, June 01, 2011 10:03:52 PM by leapfrog0202 ("the American presidency is not supposed to be a journey of personal discovery" Sarah Palin)
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To: Libloather

It’s a bitch all right. I know my job’s being eliminated, probably next year. Got sucked into the college loan thing at the wrong time.

Just trying to get the card debt down, the house fixed up for the bank, and stay sane. Little or no eating out, stopped the newspapers too, definitely no concerts, no presents at Christmas, no birthday gifts for wifey and me either. Gotta have the AC though.

Thank God For FR.

10 posted on Wednesday, June 01, 2011 10:04:23 PM by onona (Yes, my state does suck ! No wait, the POLITICIANS and LIBERALS in my state suck)
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To: Libloather

His vision is to steal as much money to stuff in his private slush fund hidden in another country while he deletes you.

11 posted on Wednesday, June 01, 2011 10:04:54 PM by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Libloather
All I can say is hold on and survive.

The only thing certain in life besides death is change.

If you have free time, don't waste it. Use it learn whatever it is you need to learn to open new future opportunities.

My 2 cents...
12 posted on Wednesday, June 01, 2011 10:05:18 PM by DB
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To: bajabaja

goodwill stores, garage sales, coupons, bike riding for fun instaed of movies, buying bikes at garage sales for 10-20$ selling for 20-40 on craigslist, getting a roommate, having a garage sale, contacting credit card comps to see if they will lower the rate or you will transfer to another card. overall frugal living

13 posted on Wednesday, June 01, 2011 10:05:24 PM by mriguy67
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To: scooby321

...ditto for me , plus old cars fixed for free with trades in ‘da hood( sorta like ‘Cuber’, as JFK called it ).

14 posted on Wednesday, June 01, 2011 10:05:32 PM by de.rm ('Most people never believe anything you tell them unless it isn't true."-Groucho Marx)
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To: Libloather

Gardening.

Lots of potatoes and squash.

15 posted on Wednesday, June 01, 2011 10:06:17 PM by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: mriguy67

Yes, Goodwill! I’m there so often, the employees nudge each other and wink when I come in. I also have no TV or cable (there’s nothing on anyway.)

16 posted on Wednesday, June 01, 2011 10:08:32 PM by A_perfect_lady (Islam is as Islam does.)
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To: Libloather

I’m really surprised that we aren’t seeing more of these stories. I know what it’s doing to me, and it’s got to be hard on a whole bunch of people, but I’m not seeing very many “Greater Depression” stories yet.

(I know; I’m really not surprised. I’m just surprised that the misery index is still being tamped down. How long can that last?)

17 posted on Wednesday, June 01, 2011 10:10:55 PM by SuzyQue (Remember to think.)
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To: Libloather

I saw this coming years ago (not trying to brag, I’m just a pessimist and am rarely disappointed). I had already been laid off twice 10 years apart, so we’d already taken to living defensively.

The key is NO DEBT. We paid off the house with my severance the last time I got laid off 5 years ago. We’re both still employed so are socking money away like mad.

Tips and tricks:
1) stay married if you can. Divorce is expensive.
2) Coupons and store sales, combined if you can
3) brown bag your lunch
4) buy what you need but only on sale
5) know where your money is going, it’s easy to waste it via carelessness, especially if you work\

18 posted on Wednesday, June 01, 2011 10:12:07 PM by LizardQueen (The world is not out to get you, except in the sense that the world is out to get everyone.)
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To: SuzyQue
I’m really surprised that we aren’t seeing more of these stories.

After today's market and world news, unfortunately, many more should be on the way.
19 posted on Wednesday, June 01, 2011 10:14:04 PM by Libloather (The epitome of civility.)
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To: Libloather

$40 grand credit?

Yikes.

20 posted on Wednesday, June 01, 2011 10:14:56 PM by cripplecreek (Remember the River Raisin! (look it up))
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To: Libloather
$40K in credit?! Holy @#$%! (/guff)
I got rid of all my cards about a decade ago, when I bought a house.
If I don't have the cash, I don't buy it.
(There are a lot of things I don't buy, obviously.) ;)
The garden gets bigger every year, movies and music courtesy of the local library (and Netflix), and vacations consist of road trips to visit the family.
Then again, I never was one for “living large”...
21 posted on Wednesday, June 01, 2011 10:15:11 PM by astyanax (Liberalism: Logic's retarded cousin.)
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To: Libloather

$2500 on the credit card, $40,000 on the mortgage (paid off in 7.83 years if life makes it that long), $3000 monthly bills. 10+ year old autos-paid off. No kids. Started putting stuff aside, not enough to survive on other than a storm.

Going to school, taking tests, looking for jobs closer to home. No eating out, kerosene heater, no vacations, no entertainment, no shopping for fun, worry and stare at Quicken a great deal.

I hate my austerity plan!

22 posted on Wednesday, June 01, 2011 10:16:20 PM by madison10
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To: SuzyQue

Having grown up poor seems to be a big help in my case. Its made me frugal.

23 posted on Wednesday, June 01, 2011 10:17:12 PM by cripplecreek (Remember the River Raisin! (look it up))
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To: Libloather

60k left on the mortgage and then I am debt free. I am working haard to pay that down I can tell you!

24 posted on Wednesday, June 01, 2011 10:17:28 PM by Chickensoup (The right to bear arms is proven to prevent government genocide. Protect yourself!)
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To: Libloather

Quit smoking, but bought a lot of new fishing gear with the savings.

25 posted on Wednesday, June 01, 2011 10:17:54 PM by Thrownatbirth (.....Iraq Invasion fan since '91.)
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To: DB

>>All I can say is hold on and survive.<<

It is a bit late for some, but the way to survive is to live well within your means and stock up on cash when you do have employment. The bigger the nest-egg, the better you’ll breath. Those who are currently employed should act as if they won’t be tomorrow. I have 9 months gross pay in a special account (sadly, you can’t get squat on CDs or Interest checking accounts but I want to able to tap it at a moment’s notice). But has taken me 10 years to accumulate it.

Pay cash for everything, do without that which you can’t buy for cash. Use a very few cards (it is almost impossible to operate today without them), get the points and use them like cash — always pay them down to zero.

All the ideas here to stretch dollars should be strongly considered.

FWIIW, that is what people with money do. I read last week that the popular car for millionaires is a Toy

[FSogol]

1. On the plus side, many of them claim to have no kids. Maybe they'll drive themselves to extinction

:shrug:

[madokie]

2. Never had a credit card bill and furthermore never will

When we buy something that we really don't want to pay cash for we simply use the savings we have as collateral. My banker says its the smartest way to buy large items as they can practically give us the money for little or no cost as the interest on our savings pays more or equal to what the interest is on the loan. In the end we still have our money and the product too. When the bank has possession of the collateral they aren't taking any chances so they can give you a very low interest rate that you can't get elsewhere.
My banker told me that only a few customers do as we do and its the smartest way to do business. If we have an emergency come up where we simply have to have that collateral then we can get a conventional loan and free up that capital. Its a win/win for both us and the bank. They keep our business and we keep our money. As we make each months payment that equivalent amount of money is released from the collateral.

[LiberalLoner]

3. I noticed that some of them have had hard time for many years now.

If they've been suffering for many years from a bad economy, I don't understand how they don't see that liberals haven't controlled government for many of those years. Unless they think GWB and the R Senate and R House were all actually liberals?

I hope that the Freepers make it, I hope they survive whatever is coming in the future. I hope all of us survive it.

I just don't understand though, how they can read "The Grapes of Wrath" and be on the side of the fruit growers who were starving their workers, rather than the Joads. Don't they understand, none of us will ever be "the owners" - we will always be the Joads, unless we were born into great wealth like the Koch brothers?

I found out last night that the founder of the modern conservative movement, the one that supported Goldwater, then later Nixon and Reagan, was one of those growers who starved workers and beat them if they tried to unionize. Sunkist to be exact.

When we read "The Grapes of Wrath" we see the suffering and recoil in horror. When conservatives read that book, they see it as a "how-to" manual and as a vision of what they want America to be.

I guess they think they will be the owners of the fruit orchards instead of the workers.

But the truth is, unless you were born into great wealth, or get incredibly lucky, you will always be a person who has to work for a living. You will always be working class, in other words. Working class means - you have to work for a living. That's all it means.

And I think it's high time we all recognized, we are all working class. I know I'm preaching to the choir here.