I need a liberal or dem's take on this

[JohnR]

The problem is it is like a household making $80K per year and using another $20K on the credit card as income. Now that those credit cards have a $400K balance on them we are talking about taking out only $19K per year on the card.

Howze THAT for an analogy.

Two of the three branches of the government are failing us right now - party independent.

[JohnnyD]

Originally Posted by JohnR

Two of the three branches of the government are failing us right now - party independent.

With a number of recent rulings by the Supreme Court giving the feds impunity when trampling Constitutional rights... All three branches are failing us.

[Jim in CT]

Originally Posted by JohnR

The problem is it is like a household making $80K per year and using another $20K on the credit card as income. Now that those credit cards have a $400K balance on them we are talking about taking out only $19K per year on the card.

Howze THAT for an analogy.

.

It's a scary analogy, especially in that you left out the worst part. Using your scale, that household (making $80k a year) has also put their grandparents in a nursing home, and given that nursing home an IOU for exactly $2,760,000 that is payable in 50 years. Paying the IOU will require more than 30 years of that annual income of $80k a year.

But Nancy Pelosi says it's a "false argument" to say that family has a "spending problem".

[JohnR]

Jim - I was trying to keep it real simple. I could have mentioned we were only making minimum payments on the cards and that out interest rate was going up due to poor national FICO score.