XPost: talk.politics.misc, alt.politics.usa, alt.finance

https://www.dailymail.co.uk/yourmoney/article-13799365/finance-expert-dave-ramsey-couple-debt-refuse-change.html

Financial guru, Dave Ramsey, tore into a Missouri couple
after the husband reveals they have $240,500 of debt, but
won't give up the family car - but they're not the only
Americans unwilling to make urgent changes.

John, of St. Louis, called into Ramsey's show last month
to ask for help getting his and his wife's 'monster debt'
under control, but the guru had no time for his antics
after he told him he refused to get rid of the family car
that was bogging them down with $28,000.

'John, I don't really care if it's the family car,' he
said. 'You people are broke, you're starving to death
making $150,000 a year. You don't get to say it's the
family car, you get to say everything's on the table,
we're selling so much stuff the kids think they're next.

'You guys have been spending like you're in Congress
for what, 10 [years]?'

. . .

Oh, and wonder why all the banks go into crisis
about every 10 years ? It's because they allow,
indeed ENCOURAGE, Joe Average to go WAY WAY into
debt.

And Joe ... well ... if you give him a path to live
WAY above his means - impress everybody - he WILL.
It's a human nature thing.

Heh ... a few decades back I knew a braggart kind
of guy who LOVED to flash the like 14 credit cards
in his wallet. Made him look SO important ! This
was when everybody got at least half a dozen CC
offers in the mail every month.

Now it's TV/Net offers ...

ALL his cards were TOTALLY MAXXED of course ...
he used money from one to pay the others - until
that didn't work anymore.

And, a couple years later, he was living in some
shitty cracker-shack and, so far as I know, is
STILL there (or maybe he had to downgrade to an
old single-wide with three Venezuelan roomies).

Thing is, the Banks/System all HELPED him get
into this kind of mess. Took NO note of his
real or likely future income. At best they
figured they'd just foreclose/reposess and
sell the remains for more. THAT didn't work
out for them either - the recession trashed
values. So - they fucked all the SMART people,
who didn't fall for the 'free money' bullshit
and their political 'donations' let them get
away with it.

With only slight variations, this seems to be
happening all of the time now, about every
ten or twelve years.

There ARE some, very high up, who make big
money REGARDLESS. Money comes, money goes,
they siphon from the stream either way. They
own lots of politicians and regulators. It
is all "legal". Very Machiavellian.

--- SoupGate-Win32 v1.05
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