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Thread: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

  1. #71
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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by Taylor View Post
    It has nothing to do with them being poor. It's the victim/entitlement/envy mentality. The belief that they are not in control of their lives, that they are victims, that many of their problems are the fault of others, that those with more deserve to be punished because the success they envy could only have come from their own misfortune.

    They are the people born in a country full of opportunity who nonetheless stand on the street corner begging for money while a group of immigrants from truly impoverished backgrounds are hard at work repairing the street behind them. One foreman said it best... "sure I'd prefer to hire American citizens, but they're only looking for a job, I need people who are looking for work."
    There aren't jobs right now, and in the long term, there won't be jobs because we are outsourcing everything. Why doesn't the TP address that and focus on making this nation an exporter again, instead of an importer?

    Furthermore, take a ficking poll. How many people do you seriously think love the idea of capable people just sitting on welfare and collecting money?

    It's really a none issue. NOBODY wants to support welfare bums, and yet, the ****ing TP acts like it's the problem of the century.

    You're preaching to the choir, and yet you probably think otherwise because it's just conservative scapegoating and distracting.... you vs the lazy bums, right?

    I am less concerned about lazy bums than I am about the long term survival of America's economy.

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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by SheWolf View Post
    There aren't jobs right now, and in the long term, there won't be jobs because we are outsourcing everything. Why doesn't the TP address that and focus on making this nation an exporter again, instead of an importer?
    You clearly have no idea what you're talking about. The tea party has been pressuring Obama since they were elected to follow through on his promise to double exports. Unfortunately for them, Obama, and the rest of the country, the democrat party won't act because of pressure from the unions.

    Quote Originally Posted by SheWolf View Post
    Furthermore, take a ficking poll. How many people do you seriously think love the idea of capable people just sitting on welfare and collecting money?
    Well, duh. As is often the case, the issue is not whether to do something but how to go about it.

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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by SheWolf View Post
    You were one of the people making judgment calls about those living on credit cards though, so this post is ironic
    living on credit cards is stupid. just like getting an adjustable rate mortgage on a house you can't afford, and then taking out a second mortgage to serve as the downpayment for a vacation home is stupid. We've become an instant-gratification culture, and it's made us do very, very stupid things. like live on credit cards.

    The TP isn't going to get anybody elected either though...
    which must have been why Nov 2010 was such a banner election for Democrats...

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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by SheWolf View Post
    Yeah and I have a question... for all the a damn scapegoating and complaining people do on this board about leeches and the welfare system, when is the last time a Republican ran on actual welfare reform?
    the House 2012 budget.


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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by Middleground View Post
    So tell us all, tessaeque... why is the middle class disappearing? Why are more and more people going into poverty? What is you explanation of this?
    Is it because they eat out a lot, have cell phones and drive expensive cars, or is it because their pay has not changed much in the last 25 years?
    to the extent that it is, the single determinant factor seems to be the breakdown of the family. as we move more and more into single-parent households, those are the households that, demographically, drop out of the middle and upper middle quintiles. and their pay has indeed gone up.

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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by SheWolf View Post
    There aren't jobs right now, and in the long term, there won't be jobs because we are outsourcing everything. Why doesn't the TP address that and focus on making this nation an exporter again, instead of an importer?
    well, the TP is a bit diffuse on trade issues, but I would suggest two alternatives: 1. it's not the TP that's blocking free trade agreements - it's the unions and 2. the notion of a trade imbalance in produced goods is incredibly flawed in a post-industrial society.

    Furthermore, take a ficking poll. How many people do you seriously think love the idea of capable people just sitting on welfare and collecting money?
    love? eh. will accept? that's a different number. fired from my $75K job as a middle manager, I'm not about to take some entry-level busboy position; and the state aid helps me avoid such.

    It's really a none issue. NOBODY wants to support welfare bums, and yet, the ****ing TP acts like it's the problem of the century.

    You're preaching to the choir, and yet you probably think otherwise because it's just conservative scapegoating and distracting.... you vs the lazy bums, right?

    I am less concerned about lazy bums than I am about the long term survival of America's economy.
    then you should be concerned about the lazy bums. specifically the ones that don't want to save for their own retirement or increased healthcare costs.
    Last edited by cpwill; 07-22-11 at 07:08 AM.

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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    Quote Originally Posted by Иосиф Сталин View Post
    Fifth, make a goddamn budget. Do you know math? Well, take a book and learn to add and subtract. If you earn $1,800 a month, you cannot spend more than that. Got it? Want me to make you a drawing?
    My advice? Unless you are a recent college graduate or have just entered the work force, or if you have found your 'dream job' at that pay scale, if you earn $1,800 a month, find something that pays more. That's $23,400 a year.

    If you have been in the working world for some time and make at or below that figure, ignore this poster's advice and take out a student loan, then apply for college the minute you finish reading this post.

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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    if you are in the workforce for some time and still making below that, it is unlikely that you are the kind of person who will succeed at college. adding on extra debt only to become part of the large segment of Americans who drop out would therefore be exceedingly foolish.

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    Re: Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

    The cool thing about credit cards, I guess due to that market being so competitive, is that you can get handfuls of them when you have a piss-poor credit rating. Max out a few of them and your mailbox will be stuffed with pre-qualified cards on a daily basis. Then you just get new cards to pay the minimum due on the maxed out cards. Think of it like the economical workings of our great country.

    When the great depression hit in 1929, people didn't have credit cards. They actually had to go without clothing, food, and shelter. Can we even imagine that? Actual suffering occurred when those folks didn't have a job. That is so last millennium.

    Be American: charge it! Then the banks that back the cards can make lots of money while you live off of their loans to you. We should have contests to see who can max out the most cards. Maybe even make it into a game show. Welcome to Drastic Fantastic Plastic. Do you have what it takes to break the bank?

    Credit card bubble.

    Remember that name, When the majority of Americans tell the credit card companies "Consider yourself burnt", the house of cards goes down hard.
    Quote Originally Posted by Northern Light View Post
    The systems that ensure freedom and liberty are breaking down and fundamentalism is growing. Nobody is righteous anymore.


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    Lots of good points made everywhere here... Don't have the time to respond to all individually, though I'd like to.

    [QUOTE=lpast;1059672922]Consumers in the U.S. are increasingly using credit cards to pay for basic necessities as income gains fail to keep pace with rising food and fuel prices.

    Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes - Bloomberg[quote]

    But bernanke told us that inflation wasn't going to be a big deal.

    The middle class who used to rely on their homes as savings have seen their home value plummet to where their mortgages are higher than worth of their houses..
    If the mortgage is more than the value of the house, especially if the lost value is more then the amount you have in principal, it's in better interest to consider walking away...

    This is the lowest Ive ever seen the middleclass in my lifetime, the worst postion they have ever been in...and the teaparty keeps RAGING how they need to rip the genitals off public workers and Abolish social security and medicare...

    This is the most disgusting display of greed in my lifetime also...and I pray it all backfires and blowsup in their faces.. This is truly dispicable
    The middle class is literally paying into their own slavery... Not with chains, but bound with debts that can never be repaid.

    This is going to come to a head in a much more intense way than during the great depression... Back then most people had a level of integrity and morals that people today simply do not appreciate. Today people will literally trample each other for a 40% off sale for toys.

    It's time that Americans grow up, take responsibility, and start working with each other and lose this "dog eat dog" mentality that's developing.

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