Originally Posted by AzMike

This thread illustrates why so many are poor and whining about it.

Credit is NOT a means to keep up with people you have no business trying to keep up with.

If you think credit is the way to prosperity you're a ****ing retard and deserve to lose everything you have.

You can't use other peoples money to make yourself happy and not expect to pay them back plus interest. Do you really think they owe you something? You're using their money and that's enough to enable them to make you pay out the ass for your short term wants.

Credit seems to be another entitlement people think they deserve. Try this one out for a change and just buy what you can afford and deal with it.

I'm sick and tired of hearing people whine about how the banks screwed them. The bank didn't screw you, you screwed yourself by being an idiot. You wanted more than you could afford. You wanted the new car. You wanted the bigger house. You wanted the college education for your kid. You wanted the boat. You wanted it all and guess what, the payment will eventually come due and when that happens you lose it all if you over extended your ability to pay.

Guess what. we over extended ourselves and now China wants their money. And we had better ****ing pay them we signed on to the deal. Fixing it will mean big cuts but that's what has to happen. Welcome to the poor stupid side of economics.

Originally Posted by saltwn

Republicans unbalanced it in the persona of Ronald Regan, further unbalanced it with the last George Jr tax cuts.
OK let's go over this again:
expenditures on the right, revenue on the left. These two figures should match.

Originally Posted by alan

Do you think you can borrow yourself into prosperity?