Wow.. people taking an article in Russia Today (a very biased/anti-western news source) pretty seriously. Most of Russias news tends to be about how shitty it is everywhere else. Same as Soviet news. That's how you distract the herd as you continue to rob the state and crack down on freedom.

:2 cents::2 cents:

https://youtube.com/watch?v=akVL7QY0S8A

skip ahead to 5:00

nevermind, already posted.

Many of the middle class were existing homeowners that were suddenly flush with huge appreciation equity in their homes. Why not tap this with a quick, 24-48 hours in some cases, 2nd mortgage? This was viewed and in most cases spent like the free money it actually was.

Then the housing bubble explodes, jobs are lost not to return, consumer spending of this free money stops, tax bases decline, etc ......

Life as a middle class American is gone forever for a large percentage of our population.

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Princeton, Harvard, Yale, Bullets, Bombs and Banks.

Time to end the "A" point bullshit and focus on "THE" point... Following the constitution :2 cents:
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Well, this is better than everyone calling each other names and asking for bans, I guess. Still, webmasters discussing politics or the economy always gives me a chuckle.

I can't see how following the constitution would affect the economy or the middle class, care to explain how it would?

And what spin are you putting on "following the constitution"?

Fitty bye bye's:pimp

It's so funny watching the idiot left perpetrate this lie.

Olive what lower middle class calls FACT

You do understand a lot has changed in this country that has put the middle class in it's position. Yes the middle class often spends more than they can afford but the bank and financial companies led the horse to the water.

Yes the horse has to drink but it's very big business for CC companies to have customers whom can't afford to pay their bills. They make more money off people whom pay late than off people whom pay on time. This is why CC companies are often all over college campus giving away CC's to college kids that can barely afford to eat ramin noodles.

Not to mention ask your parent if they went to college where they got their loan from. I can almost bet 100% that it was from the govt and not some private industry loan shark as kids deal with today.

The entire corporate America is geared at one thing at that's sucking as much money out of people pockets as they can with little regard to this country or the economy. It's not just people that lost the pride in Made in America it's also the corporate mongols whom forgot that they once also had that same pride in helping build & shape this country.

It's not just the middle class that is fucked but also everyone else because with out the middle class these companies will have no customers.

do you have a link to these government loans for college from the 60s and 70s?

Also, when corporate america sees itself vilified and its money squandered by politicians not as smart as they are, how do you think they should react?

If the middle class is failing, its no ones fault but their own. However, blaming others for your own problems seems to be the new american way.

There are a lot of factors going into what has caused many people to overextend themselves. I was just pointing out what I think is one of the main ones. With our point it isn't just where student loans come from, but the cost of college overall. I graduated high school in 1989. If I wanted to go to U of O (one of the big schools in my state) tuition was around $5,700 per year if you lived on campus. Today it is around $20,000. It seems crazy to me that a person would be $80,000 or more in debt when they leave college. So college costs have quadrupled, but when you adjust for inflation the average household income has barely changed in that same time frame.

There's a lot of truth to that argument.

please explain why it is a lie.

The American middle class has more now than it ever has and lives much better than the upper middle class of most other countries.

Almost every single country on earth runs incredible deficits and debts without any possibility of ever paying them back.

Why should an individual not take those same advantages?

Yeah, except they used to own it, and now they rent it all from the bank at high interest levels. Kind of a big difference.

Entitlement strikes again.

Incorrect