I'm praying for credit card defaults to go through the roof. Why? So that FICO can be fucked in the ass and die.
Should I run up my WAMU card while it still works?
that article was FANTASTIC and Trisha is an amazing author!
Interesting article. I tend to think most folks in America are victims of their own mismanagement. No one forces anyone to buy buy buy things they can't afford. I mean look at The Stranger, it's full of ads to buy things, pay to hear things, pay to see things, pay to do things, pay pay pay pay. Nothing wrong with that, if you can afford it. Problem is most can't.
More likely when the shit truly hits the fan, people will band together...and look for someone to blame. Immigrants, people with darker colored skin, the usual suspects.
Ah, just what every anxiety-ridden introvert wants, another reason to be closer to people.
The economy is only crumbling for the well heeled parents of Leftist bloggers who are bemoaning their dwindling Trust Funds.
Pretty soon they'll have to take out loans for their Priuses instead of being gifted them by Gran-Nanny.
Soon they'll be decrying "government regulation" driving up prices for the consumer.
And if we're lucky, it will get so bad John Bailo will die!
FYYFF!
i tore that article right out of the paper and have it saved in my clippings notebook which just so happens to be titled "relevant".
@6: FTW
@ #4
If the Stranger didn't have all those ads it wouldn't be free. And you would have to pay to read it. Which I doubt you would.
@8:
I'd settle for him getting a real job and moving out of his mom's basement...
@12 - You are correct. I was a bit harsh.
@4 - Some of get into debt for things not so frivolous. Medical bills, paying for groceries when your student loan funds have run out for the quarter...
I had to deal with both. I got well and my degree launched me into the better-paying career I have now. But, the trade-off is that I am yoked with a heavy load of debt to drag around with me for what will seem like the rest of my days. I got ahead so-to-speak, but it has come with a heavy interest-laden price.
@ 14 - Proofread before you post!
#11 I can afford to buy it if need be. You may throw that awful doubt away now.
#14 WOW did you really fuck up on your understanding of what I wrote. I think a college degree is one of the BEST things you can spend money on. Bravo for you, it's worth the money. Buying that Huge screen HD TV might not be such a smart purchase. If you're buying Real food and not crap food, that is worth the money, we all need to eat so I'm of course not talking about that. So sugar, please do take the advice given earlier and proof read your post. None of the examples you gave (Medical bills, College, Food) are purchases that sink any economy. And once again, congrats on the college education.
you think a college education would help people understand that actions have consequences.
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