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Political Talk
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Old 12-11-2012, 11:01 AM   #21
NOVAbimmer
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I just helped out the average debt number. We were a household without CC debt, and I just took on about $300 worth (at 0% interest), so I'm doing my part. What are you all doing to help the American debt figures?
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Old 12-11-2012, 11:07 AM   #22
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Junior, you claimed my comments were just opinions... As a retort, I provided you with statistical facts to support my position.

When the average household credit card debt is up near 10k and 70+% of the nation is fat, my comments are more than reasonable.

Now you're just going to throw insults my direction because you know I'm right.
All you have are numbers that don't provide any conclusion. The uncited data does not state who holds the debt. For example, what's the average credit card debt for an individual making $500,000 a year with $80,000 of credit card debt and a person making $45,000 a year with $1,500 of credit card debt?


Assuming you can do basic math... exactly right bro.


Nor does your uncited data reference the weight of those holding the debt.



Your "generalizations" are nothing more then logical fallacies.



You deserve to be insulted. You embarrass yourself while ignoring forum rules you outright acknowledge and laud.
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Old 12-11-2012, 11:23 AM   #23
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Such a jabroni

Uncited data? I went back and added URLs (If you were interested in the source, you could have just copy/pasted a single sentence into google with quotes around it.. and TADA).

But anyways...

So we're going to assume that the average is jacked up because the uber-rich has hundreds of thousands in credit card debt? Getttt real.

Let's again look into this (rather than just hating on the other view.. which is what you've been doing)

Forbes Article : http://www.forbes.com/sites/moneybui...-debt-is-down/
Quote:
Originally Posted by forbes
One may be inclined to assume Americans are taking control and whipping their finances into shape. The reality of the situation is much grimmer. In 2010, credit card companies wrote off seriously delinquent debts, declaring a huge chunk of money uncollectable. America's credit card debt dropped. The charge-off rate, which is the percentage of dollars that have been classified uncollectible, jumped to 10.7%-a 300% increase from 2006.

After losing a gargantuan number of payments, credit card companies began to exercise shrewder discernment in issuing financial products. With credit cards more difficult to obtain, average debt continued to fall.

So, no. A decrease in credit card debt does not indicate heightened financial literacy, a recovering job market or smarter spending habits. It means the situation was beyond repair and required an artificial reduction.

It's worth noting that while the average credit card debt has dropped since 2010, the number of indebted households jumped 3.5%. Credit card companies only wrote off seriously delinquent accounts, which meant forgiving a hefty sum of debt among a relatively small number of households. As a nation, a greater percentage of us are in debt today than in 2010.


The future is sadly predictable. As the economy (hopefully) improves, lenders will feel more comfortable taking risks, approving more precarious products. Debt will swell once again. And when it all becomes too overwhelming, the bubble will burst and devastation will ensue. Like the turning of the seasons, it's all very cyclical... and inevitable.
More doomsday visions

Credit card debt ranks third in American household indebtedness. First place, as you might assume, goes to housing debt. We've all seen the effects of that. Second place is awarded to a volatile contestant we all know will soon wreak havoc on the American financial system: student loans.
So you're going to sit there and tell me that credit card debt is stored amongst... the rich? Commmmme on.

Credit card debt is a HUGE problem and was an even larger problem for the poor pre-bubble (fortunately they have trouble getting into debt when the banks won't give them cards to begin with).

You're not an idiot and are more than capable of realizing these obvious truths.. you simply are choosing not to because you realize you put your foot in your mouth earlier commenting that my notion that america is fat and ridden with CC debt was not factual.

I've now provided countless articles (from legit sources) backing up my positions and you have done nothing but label them "generalizations". When you provide data to the contrary, then you'll have some ground to stand on. Until then, don't just bash me with personal jabs as it does nothing to bolster your position... then again, I suppose it will be VERRRRY difficult to find data stating that the US isn't fat nor in credit card debt. So I'll just prepare mentally for more of your spiteful comments
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Old 12-11-2012, 11:33 AM   #24
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My point still stands. The data does not indicate what echelon of society holds said debt nor does it point to their BMI. Your conclusions are far fetched and unsupported.
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Old 12-11-2012, 12:40 PM   #25
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i dream of an america someday where there will only be rich trust fund skinny white people. the women will all look like ann coulter and the men like mitt romney.

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Old 12-11-2012, 01:14 PM   #26
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You mean most of the men will look like Mitt Romney and the rest of the men will look like Ann Coulter?
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Old 12-11-2012, 01:21 PM   #27
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Would anyone contest that Romney is a better looking man than Obama? That Mrs. Romney a better looking woman than Michelle?

Just saying...
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Old 12-11-2012, 01:35 PM   #28
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President Obama has big ears.
President Bush had big ears.

Drawing President Bush as a monkey with big ears = ok
Drawing President Obama as a monkey with big ears = OMG racist/witch/nazi/klan/burnhimandhischildrenWTFBBQ
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Old 12-11-2012, 01:38 PM   #29
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Would anyone contest that Romney is a better looking man than Obama? That Mrs. Romney a better looking woman than Michelle?

Just saying...
Romney looks generic and his wife is too blonde. I for one find the Obama's to be a more attractive and exciting couple better suited to lead our great nation.
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Old 12-11-2012, 01:42 PM   #30
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Would anyone contest that Romney is a better looking man than Obama? That Mrs. Romney a better looking woman than Michelle?

Just saying...
You've already stated in previous threads how you feel about black women, so the First Lady wouldn't be your choice for "looks" next to any white woman, no?
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Old 12-11-2012, 02:35 PM   #31
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Romney looks generic and his wife is too blonde. I for one find the Obama's to be a more attractive and exciting couple better suited to lead our great nation.
Some people prefer plastic.
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