What happens if you can't pay your car payment and credit cards?

[FDK]

Finally, after 148 posts, we find out the truth. It's Bush's fault:

thecatburgler (1000+ posts) Sun Jul-27-08 02:16 AM
Response to Reply #108
148. Actually, yes. In a society that also tells people that spending is their patriotic duty.
Along with a multi-billion dollar marketing complex that brainwashes people into buying things they don't need. There's a definite disconnect there. If people had been dutifully saving their extra (hah!) cash the past 10 years, then the housing and credit bubble that's been propping up our economy would have been non-existent. I'm not inclined to blame ordinary people for not having healthy savings and retirement accounts when you had (a) a President who was demanding that Americans go shopping after 9/11 (b) predatory mortgage lenders and credit card companies and (c) banks that we can't even depend on to insure our accounts. Really, try to put the blame where it really belongs. Yes, some people foolishly overspent, but that pales in comparison to the way GIANT CORPORATIONS and OUR OWN GOVERNMENT have squandered our economic security.

[AmPat]

What happens if you can't pay your car payment and credit cards?

Well gosh Stupid, you go to Debtor's Prison. Haven't you been paying attention to your own Liberal Morons who insist our civil liberties are gone and GW has declared "Marshall (sic) Law?"

[Elspeth]

bonito (1000+ posts)
Response to Reply #61
62. How does it feel to tread on thin ice?

I smell a pizza.

The poster was being threatened with tombstoning because he offered some constructive advice? Does DU allow all this threat of tombstoning even when their Messiah is not involved?

[lacarnut]

Finally, after 148 posts, we find out the truth. It's Bush's fault:

I agree partially that it is Bush's fault along with Congress with their mentality of spend like crazy and that things will always be great. Buy that house, car, refrig., big screen TV because we need to keep the economy rolling rather than save for a rainy day or for retirement. However, in the long run, it's up to each individual to make good or bad choices and a lot of people made bad choices.

What is the rebate program about? The government does not want you to pay down your debt or save it. They want you to go out and buy more crap and in most instances crap you want rather than need. Unless it is the basic necessities of life, you don't need it.

[Zeus]

I agree partially that it is Bush's fault along with Congress with their mentality of spend like crazy and that things will always be great. Buy that house, car, refrig., big screen TV because we need to keep the economy rolling rather than save for a rainy day or for retirement. However, in the long run, it's up to each individual to make good or bad choices and a lot of people made bad choices.

What is the rebate program about? The government does not want you to pay down your debt or save it. They want you to go out and buy more crap and in most instances crap you want rather than need. Unless it is the basic necessities of life, you don't need it.

Doesn't matter if you bank your rebate or spend it. It is still in the economic pipeline Either action will stimulate the economy. Whether it was the right choice for the individual or not is irrelevant it still stimulates the economy.

I read somewhere awhile back that quite a few of those rebate checks did go to eliminate or reduce debte. Unfortunately or fortunately,depending how you look at it, that debt was owed to the IRS.

[hampshirebrit]

I agree partially that it is Bush's fault along with Congress with their mentality of spend like crazy and that things will always be great. Buy that house, car, refrig., big screen TV because we need to keep the economy rolling rather than save for a rainy day or for retirement. However, in the long run, it's up to each individual to make good or bad choices and a lot of people made bad choices.

What is the rebate program about? The government does not want you to pay down your debt or save it. They want you to go out and buy more crap and in most instances crap you want rather than need. Unless it is the basic necessities of life, you don't need it.

An excellent post.

And unless anyone thinks this is an exclusively RW meme, it's exactly what our own Labour government has been up to for years. The chickens are coming home to roost, finally.

[lacarnut]

Doesn't matter if you bank your rebate or spend it. It is still in the economic pipeline Either action will stimulate the economy. Whether it was the right choice for the individual or not is irrelevant it still stimulates the economy.

.

Spending like a drunken sailor in the private sector may stimulate the economy but what happens in the future when the worm turns and inflation and interest rates go sky high with job losses. The government is not doing us any great favors by cranking up the printing presses and allowing the dollar to decrease in value. BTW, Congress is considering another rebate. The answer to our economic woes is NOT government intervention; it is for people to understand and make the right choices regarding credit.

[Zeus]

Spending like a drunken sailor in the private sector may stimulate the economy but what happens in the future when the worm turns and inflation and interest rates go sky high with job losses. The government is not doing us any great favors by cranking up the printing presses and allowing the dollar to decrease in value. BTW, Congress is considering another rebate. The answer to our economic woes is NOT government intervention; it is for people to understand and make the right choices regarding credit.

Not that it stops them from spending anyway but who would you rather see spending money, The Govt or the private sector ? That was the whole point of the Rebates. Get the money into the pipeline as soon as possible and it gets there quicker through the private sector than it does through govt spending. never meant to be a cure all just a short term stimulus band aid.For once when the govt felt the need to get involved it took the right approach. The Govt took the Macro approach & left it to the private sector to work out the micro aspect.

I do think the second round rebate checks were to little too late(maybe).If the govt was serious about economic stimulus they would make the tax cuts of 2001 & 2003 permanent.

[lacarnut]

Not that it stops them from spending anyway but who would you rather see spending money, The Govt or the private sector ? That was the whole point of the Rebates. Get the money into the pipeline as soon as possible and it gets there quicker through the private sector than it does through govt spending. never meant to be a cure all just a short term stimulus band aid.For once when the govt felt the need to get involved it took the right approach. The Govt took the Macro approach & left it to the private sector to work out the micro aspect.

I do think the second round rebate checks were to little too late(maybe).If the govt was serious about economic stimulus they would make the tax cuts of 2001 & 2003 permanent.

One thing is for certain; those who are deep in debt, have not saved a dime and are in their latter years in life will never be able to retire unless they change their spending habits. Also, there will not be enough Walleymart greeter jobs available in the future. I go to Orange Beach Al several times a year and there is this elderly lady working in the deli that can barely walk because she has this awful hip problem. I see a lot more older people working nowadays out of necessity.

As far as I am concerned, the rebate was good to prop up the economy but bad in the sense that it gives some people a false security into going out and buying more crap that they want instead of need. Debtors need to pull their horns in, pay down their debt and start saving.

[Sonnabend]

I once knew a guy that really got into trouble...he didn't pay the exorcist.

..and was repossessed. :D:D:D