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Economics Discuss ACA Linked With 11% Cut In Payday Loans at the Political Forums; Originally Posted by foundit66 https://saludmovil.com/aca-linked-wi...-payday-loans/ Our healthcare's damaging capability to destroy lives due to sudden exorbitant costs has long been ...

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Old 12-26-2019, 05:09 PM
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Default Re: ACA Linked With 11% Cut In Payday Loans

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Originally Posted by foundit66 View Post
https://saludmovil.com/aca-linked-wi...-payday-loans/

Our healthcare's damaging capability to destroy lives due to sudden exorbitant costs has long been documented. It's the leading cause of bankruptcy and insurance has some help but even then those who are insured also suffer from the problem.
https://www.cnbc.com/id/100840148

Helping to protect Americans from such problems should be a goal of our government.
yeah and our grifter in chief just rolled back the restrictions Obama put pn pay-day loans.
But what gets me is why his supporters will think it's a good thing for him to hurt the most vulnerable people (working poor on ACA and desperate and elderly w/ legal loan sharks) in the worst ways possible.
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Old 12-30-2019, 07:33 AM
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Default Re: ACA Linked With 11% Cut In Payday Loans

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Originally Posted by saltwn View Post
yeah and our grifter in chief just rolled back the restrictions Obama put pn pay-day loans.
But what gets me is why his supporters will think it's a good thing for him to hurt the most vulnerable people (working poor on ACA and desperate and elderly w/ legal loan sharks) in the worst ways possible.
Are you saying people cannot make decisions on their own, that they are incapable of deciding if they need or want such loans?

Maybe you think protecting people from themselves is a good thing.
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Old 12-30-2019, 08:54 AM
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Default Re: ACA Linked With 11% Cut In Payday Loans

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Originally Posted by saltwn View Post
yeah and our grifter in chief just rolled back the restrictions Obama put pn pay-day loans.
But what gets me is why his supporters will think it's a good thing for him to hurt the most vulnerable people (working poor on ACA and desperate and elderly w/ legal loan sharks) in the worst ways possible.
Simple arithmetic. Single mother working an entry level job while she builds up her work history and studies for her GED. She doesn't have savings and her credit is bad.

The car she depends on for commuting and shuttling her child to daycare needs new brakes, it's a safety issue. Payday isn't for another week and a half. Should she write bad checks for power, water, or rent to get her car fixed? Not show up for work and hope she still has a job?

It's easy to bray about payday lenders being loan sharks but dramatic condemnations don't fix the brakes on the single mother's car.
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Old 12-30-2019, 12:01 PM
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Default Re: ACA Linked With 11% Cut In Payday Loans

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Simple arithmetic. Single mother working an entry level job while she builds up her work history and studies for her GED. She doesn't have savings and her credit is bad.

The car she depends on for commuting and shuttling her child to daycare needs new brakes, it's a safety issue. Payday isn't for another week and a half. Should she write bad checks for power, water, or rent to get her car fixed? Not show up for work and hope she still has a job?

It's easy to bray about payday lenders being loan sharks but dramatic condemnations don't fix the brakes on the single mother's car.
1. Single Mother - Baby out of wedlock
2. Getting her GED - Didn't finish school when she had the chance
3. Credit is bad - Bought stuff she didn't have the money to pay for
4. Doesn't have money for brakes - Doesn't budget and keep an emergency fund set aside

Wonder what other bad decisions she's made. Glad she's at least trying to get her GED and working a job. I hope she will utilize the help available to her to get out of the hole she has dug for herself instead of using it as a lifestyle. But so often that isn't the case.

These things are suppose to be self correcting. When you make bad decisions you suffer through the consequences and think, "doh, I'm not going to do that again AND I'm going to teach my children not to do that." But there are people that want to shield people from their bad decisions. They seem to think it's horrible that people should face ANY consequences for their bad decisions. But if you don't learn, you don't progress. You end up with people with multiple children out of wedlock, spending their lives on welfare, and never progressing because they don't have to. The system will "take care" of them.

There's a fine line between giving a person a hand up, helping them when they are down and being an enabler.
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Old 12-30-2019, 12:39 PM
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Default Re: ACA Linked With 11% Cut In Payday Loans

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Originally Posted by Zenock View Post
1. Single Mother - Baby out of wedlock
2. Getting her GED - Didn't finish school when she had the chance
3. Credit is bad - Bought stuff she didn't have the money to pay for
4. Doesn't have money for brakes - Doesn't budget and keep an emergency fund set aside

Wonder what other bad decisions she's made. Glad she's at least trying to get her GED and working a job. I hope she will utilize the help available to her to get out of the hole she has dug for herself instead of using it as a lifestyle. But so often that isn't the case.

These things are suppose to be self correcting. When you make bad decisions you suffer through the consequences and think, "doh, I'm not going to do that again AND I'm going to teach my children not to do that." But there are people that want to shield people from their bad decisions. They seem to think it's horrible that people should face ANY consequences for their bad decisions. But if you don't learn, you don't progress. You end up with people with multiple children out of wedlock, spending their lives on welfare, and never progressing because they don't have to. The system will "take care" of them.

There's a fine line between giving a person a hand up, helping them when they are down and being an enabler.
Yes. The group of people propping these people up are known as the Democratic Party (and to be honest, a few slime balls in the Republican party referred to as RINO's. McCain was a good example).
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Old 12-30-2019, 03:18 PM
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Default Re: ACA Linked With 11% Cut In Payday Loans

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Originally Posted by GottaGo View Post
The government has no business in the average American's healthcare.

If someone qualifies for Medicare, and accepts that the government will dictate what they will or will not pay for, that is their choice.

For the rest of us, leave us alone.
Or their banking.

What this study shows is if somebody is paying a major portion of your bills you will have more money to pay the rest.

Is anybody surprised?
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