Comments on America Heading For Debt Slavery

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Thanks For Reading...

...everyone!

We're not a lot better over here; consumer debt crossed the £1 trillion barrier late last year.

Means bugger-all to everyone, of course. Telephone number figures always do. If I ever win the lottery, the first thing I'll do is get my 20 nearest and dearest friends out of debt.

Then they're free - free to choose how to live the second half of their lives and free, of course, to dive right back into debt again, if the mood takes them!

D

posted by DamonLeigh on April 9, 2005 at 7:32 AM | link to this | reply

Yes, this is scary!

Some of us are trying to fight it, but the credit card companies have their tentacles planted deep in almost everybody who could stop this outrage. I don't see much hope of the Dem's. doing what's right for the majority.

The beat goes on..until what I wonder? "Let them eat cake" times a la French style...Whatever happens, darker until pitch black days coming I'm afraid..

Good post Damon.

posted by katray4 on April 8, 2005 at 7:52 PM | link to this | reply

The average American doesn't know enough about the Administration's policies and priorities to make an informed decision.  If the average American did, she or he would not even seriously consider voting for him. 

posted by Dylan24 on April 8, 2005 at 7:42 PM | link to this | reply

It is astonishing to me that the average american

voted for dubya, and this is what dubya has done for the average american.

 

posted by SlyCy on April 8, 2005 at 4:51 AM | link to this | reply

this is what
our compassionate conservative administration
is doing for us.

posted by Xeno-x on April 6, 2005 at 6:01 AM | link to this | reply

I thought you were going to write about America's debt to other countries, especially in East Asia, by which we finance our extravagance. 

But this is good too.  The U.S. as a whole borrows a lot of its money from foreign creditors and the people in the U.S. borrow a lot from credit card companies. 

I was inclined to disagree that people should easily be able to declare bankruptcy until I read the part about the sudden medical expenses and job losses that make it impossible for some people to get by any other way than debt. 

posted by Dylan24 on April 5, 2005 at 6:20 PM | link to this | reply