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marmar (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:17 PM Original message |
The Next Bubble Is on the Way: Credit Card Debt |
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Mojambo (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:20 PM Response to Original message |
1. Recession-Plagued Nation Demands New Bubble To Invest In |
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originalpckelly (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:25 PM Response to Original message |
2. Baseless credit is the death of free markets. |
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marmar (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:27 PM Response to Reply #2 |
5. "Wile Coyote chases the roadrunner off a cliff, suspended in mid-air, until he realizes ...." |
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originalpckelly (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:30 PM Response to Reply #5 |
6. Well, a misspelled analogy... |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 08:43 AM Response to Reply #2 |
34. I very much agree. |
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TechBear_Seattle (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:25 PM Response to Original message |
3. I have been working very hard to get out from under my CC debt |
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originalpckelly (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:34 PM Response to Reply #3 |
7. It's not your fault at some level... |
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TechBear_Seattle (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:39 PM Response to Reply #7 |
9. I know a lot of people who have used CCs as an emergency loan |
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originalpckelly (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:43 PM Response to Reply #9 |
12. It's the whole system that's coming down. |
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alcibiades_mystery (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 10:09 PM Response to Reply #12 |
18. Nonsense |
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originalpckelly (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 10:15 PM Response to Reply #18 |
19. I have a mind and I think for myself, and I came to these conclusions on my own. |
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alcibiades_mystery (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 11:05 PM Response to Reply #19 |
22. They're bunk |
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Dr.Phool (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 11:07 PM Response to Reply #12 |
23. You're using the wrong word. It's fascism. |
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mike_c (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:26 PM Response to Original message |
4. no, we don't all have credit card debt.... |
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TechBear_Seattle (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 10:02 PM Response to Reply #4 |
16. Not all people with huge debts got there by choice |
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mike_c (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 10:27 PM Response to Reply #16 |
20. six degrees of separation.... |
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TechBear_Seattle (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 08:12 AM Response to Reply #20 |
32. I was there 92-94 |
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mike_c (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 08:51 AM Response to Reply #32 |
35. no, I started in 1997.... |
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roguevalley (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 03:19 AM Response to Reply #4 |
24. illness in the family, two deaths that cut the income down to one |
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mike_c (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 06:45 AM Response to Reply #24 |
30. point taken-- I meant consumer debt.... |
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ComtesseDeSpair (529 posts) Send PM | Profile | Ignore | Tue Aug-12-08 07:54 AM Response to Reply #4 |
31. Oh, I Don't Know... |
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mike_c (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 09:05 AM Response to Reply #31 |
37. but for god's sake why use credit cards...? |
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MadHound (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 09:13 AM Response to Reply #31 |
39. Not all are drowning through greed by any means, |
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MadHound (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:39 PM Response to Original message |
8. Yep, the other shoe is about to drop |
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originalpckelly (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:44 PM Response to Reply #8 |
13. Correction, the other $500 designer shoe is about to drop. |
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MadHound (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:59 PM Response to Reply #13 |
15. LOL! |
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originalpckelly (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 10:06 PM Response to Reply #15 |
17. I agree, it's pretty insane. |
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GoesTo11 (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:41 PM Response to Original message |
10. Solution: Get new cards and use them to pay off your old balances |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:43 PM Response to Original message |
11. Outstanding credit card debt is dwarfed by outstanding |
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originalpckelly (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 09:46 PM Response to Reply #11 |
14. The problem is that it's already happened. |
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tavalon (1000+ posts) Send PM | Profile | Ignore | Mon Aug-11-08 10:57 PM Response to Original message |
21. Thank goodness, I quit that little merry go round |
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HCE SuiGeneris (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 03:26 AM Response to Original message |
25. Got to love a politician who tells you not to spend too much... |
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agentS (922 posts) Send PM | Profile | Ignore | Tue Aug-12-08 03:33 AM Response to Reply #25 |
26. Wasn't it Chimpy McPhucktard and his Barbie Wife |
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HCE SuiGeneris (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 03:49 AM Response to Reply #26 |
28. My initial reference was to the idiot son who tells everyone to go shopping |
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FunkyLeprechaun (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 03:46 AM Response to Original message |
27. Yep! |
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sofa king (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 05:37 AM Response to Original message |
29. I wonder if there is opportunity here? |
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tammywammy (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 08:30 AM Response to Original message |
33. It makes me glad I have $0 credit card debt |
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conspirator (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 09:03 AM Response to Original message |
36. That's why PRIVATE PRISONS will be a booming business. You either slave 80 hours or you go in n/t |
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Blue_Tires (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 09:07 AM Response to Original message |
38. indentured servitude n/t |
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myrna minx (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 09:14 AM Response to Original message |
40. What's frustrating is that I pay all of my bills on time, |
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EnviroBat (1000+ posts) Send PM | Profile | Ignore | Tue Aug-12-08 09:19 AM Response to Original message |
41. Hmmm, wonder when the "Student Loan" crisis will happen. |
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