Quote:
Originally Posted by 12clicks
METHODS: We surveyed a random national sample of 2314 bankruptcy filers in 2007, abstracted their court
records, and interviewed 1032 of them.
interview:
"I didn't go bankrupt because I misspent my money, it was because I was sick"
um, yeah. they interview failures and gave them an appealing out, "medical reasons"
Using a conservative definition, 62.1% of all bankruptcies in 2007 were medical; 92% of these
medical debtors had medical debts over $5000.................Most medical debtors were well educated, owned homes, and had middle-class occupations.
uh, well educated middle class does not go bankrupt over $5k in debt. get it?
translation: you're right, 12clicks, the US is NOT spending 8 trillion dollars on stimulus, I clearly misspoke.
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12clicks.. you used 1 of the 3 methods they used to gain this information. obviously you're amusing me and i thank you for it.
I didn't say they'd be spending trillions directly on the stimulus or that the stimulus was the direct cause. I said due to the recession, fallout from that, as well as many other factors now and in the future that number is created.
Canada has been posting surplus' for years and they finally posted a deficit for the next 4 years or whatever. The thing is our politicians and citizens seem to understand why that may be...