Comments on: Our romance with debt - we'll pay for it later http://ac360.blogs.cnn.com/2008/10/07/our-romance-with-debt-well-pay-for-it-later/ Tue, 22 Dec 2009 04:00:12 +0000 http://wordpress.com/ hourly 1 By: Jim http://ac360.blogs.cnn.com/2008/10/07/our-romance-with-debt-well-pay-for-it-later/comment-page-1/#comment-371504 Jim Tue, 07 Oct 2008 20:34:48 +0000 http://cnnac360.wordpress.com/?p=11932#comment-371504 Speak for yourself & most of America- I'm one American who has NO ROMANCE OR FONDNESS for debt- I Have never had nor will I have a credit card- I have one Debt to a friend which I'm working to pay off. at present Bills are paid . If I don't have money to get it I save or go without. As a result I'm not hurting like most people in this Country. Speak for yourself & most of America- I'm one American who has NO
ROMANCE OR FONDNESS for debt- I Have never had nor will I have a credit card- I have one Debt to a friend which I'm working to pay off. at present Bills are paid . If I don't have money to get it I save or go without. As a result I'm not hurting like most people in this Country.

]]> By: Gary http://ac360.blogs.cnn.com/2008/10/07/our-romance-with-debt-well-pay-for-it-later/comment-page-1/#comment-371416 Gary Tue, 07 Oct 2008 19:57:36 +0000 http://cnnac360.wordpress.com/?p=11932#comment-371416 The Federal Reserve loans to banks so the banks can loan to Corporations to ease credit these company’s have moved There operations over seas is this where our money is going And how will that help us here in the United States. No one Has addressed the issue of the millions of dollars going south How is anyone in this government helping anyone here at home? The Federal Reserve loans to banks so the banks can loan to
Corporations to ease credit these company’s have moved
There operations over seas is this where our money is going
And how will that help us here in the United States. No one
Has addressed the issue of the millions of dollars going south
How is anyone in this government helping anyone here at home?

]]> By: Sandy, Arkansas http://ac360.blogs.cnn.com/2008/10/07/our-romance-with-debt-well-pay-for-it-later/comment-page-1/#comment-371396 Sandy, Arkansas Tue, 07 Oct 2008 19:42:27 +0000 http://cnnac360.wordpress.com/?p=11932#comment-371396 Instant gratification...we are paying for it now. Individuals and the country spend, spend, and spend...money they don't have. There will always be a day of reckoning. I was always told if you can't pay cash don't buy it unless it is a house or a car (not that you have to pay cash...just have the cash). Pay the car payment and insurance payment for six months to see if you can afford it. If you can, then you will know how much money you have to live on and you will have a sizeable downpayment. When the car is paid for...keep paying that monthly payment into a savings account for your next car. Common sense approaches have got to be implemented. Most people are so far over their heads from instant gratification instead of deferred gratification that they will never get out of the quicksand of debt. Buy now pay later is a habit and we are all paying for it with the end of our economy and our country's stability as we knew it at one time. We are going to assure ourselves of having nothing if we continue to think we have to have everything...and have it now whether we can afford it or not. Instant gratification...we are paying for it now. Individuals and the country spend, spend, and spend...money they don't have. There will always be a day of reckoning. I was always told if you can't pay cash don't buy it unless it is a house or a car (not that you have to pay cash...just have the cash). Pay the car payment and insurance payment for six months to see if you can afford it. If you can, then you will know how much money you have to live on and you will have a sizeable downpayment. When the car is paid for...keep paying that monthly payment into a savings account for your next car. Common sense approaches have got to be implemented. Most people are so far over their heads from instant gratification instead of deferred gratification that they will never get out of the quicksand of debt. Buy now pay later is a habit and we are all paying for it with the end of our economy and our country's stability as we knew it at one time. We are going to assure ourselves of having nothing if we continue to think we have to have everything...and have it now whether we can afford it or not.

]]> By: Cindy http://ac360.blogs.cnn.com/2008/10/07/our-romance-with-debt-well-pay-for-it-later/comment-page-1/#comment-371391 Cindy Tue, 07 Oct 2008 19:37:16 +0000 http://cnnac360.wordpress.com/?p=11932#comment-371391 We are in this mess because people are greedy and think that it is OK to live way above their means even if they can't afford it. They knew they couldn't afford these houses yet got them anyway. Then the banks are greedy because they were getting big money and thought oh well if they can't afford the houses we can resale them and still have the money they already paid us. Yet they never thought ahead that many, many people would not be able to pay so when this happened the banks were way in over their heads with these mortgages and houses that were now no where near worth what they have in them. And who passed the bill allowing banks to give loans to low income families that couldn't afford them....Jimmy Carter...a dem! Now we all have to bail them out in order to keep our economy afloat. They all should be prosecuted in my opinion! Cindy...Ga. We are in this mess because people are greedy and think that it is OK to live way above their means even if they can't afford it. They knew they couldn't afford these houses yet got them anyway.

Then the banks are greedy because they were getting big money and thought oh well if they can't afford the houses we can resale them and still have the money they already paid us. Yet they never thought ahead that many, many people would not be able to pay so when this happened the banks were way in over their heads with these mortgages and houses that were now no where near worth what they have in them.

And who passed the bill allowing banks to give loans to low income families that couldn't afford them....Jimmy Carter...a dem!

Now we all have to bail them out in order to keep our economy afloat. They all should be prosecuted in my opinion!

Cindy...Ga.

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