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> we have to admit the American economy sucks In what way? I think it's working exactly as intended, to siphon wealth off to the ruling class. Spending is like

> we have to admit the American economy sucks In what way? I think it's working exactly as intended, to siphon wealth off to the ruling class. Spending is like a gas, it will expand to fit its constraints. Those stats are not great for borrowers, but they're great for lenders. One take is to blame the lenders -- they lend too much, chaining the borrowers to debt. The other take is to blame the debtors, reframing those stats as, e.g., "Over 34% of borrowers have delayed starting a family because they preferred spending borrowed money." The truth is of course somewhere in the middle: debt is a wonderful leverage tool when used properly, but lenders will gladly give you more than enough rope to hang yourself. In today's world the only one looking out for you is you. (for the sake of this comment, I'm talking about non-medical debt)

will_brown 8y ago
>I think it's working exactly as intended, to siphon wealth off to the ruling class. Intended according to who? The founders? The central banks? Creditors? It’s all an experiment. Capitalism is. Consumer debt is. To think anyone intends the economy to work as it is (government shut down, debt across the board at record highs, defaults at record highs, economic bubbles, mass fraud, etc...) is pretty crazy...but that’s my point, good luck finding a politician to speak that way, much less being able to mobilize the government to correct these issues. It’s pretty easy to get caught up in the idea it’s working for you. I take it youre not one of the federal government employees living paycheck to paycheck as a political pawn? Is that the way the economy is really intended to work?
- Domenic_S 8y ago
  Intended by the people with the power to influence it, obviously. We are in the lowest default rate period since the Great Recession, I don’t know where you’re getting this sky-is-falling take on the economy.

will_brown 8y ago

>I think it's working exactly as intended, to siphon wealth off to the ruling class. Intended according to who? The founders? The central banks? Creditors? It’s all an experiment. Capitalism is. Consumer debt is. To think anyone intends the economy to work as it is (government shut down, debt across the board at record highs, defaults at record highs, economic bubbles, mass fraud, etc...) is pretty crazy...but that’s my point, good luck finding a politician to speak that way, much less being able to mobilize the government to correct these issues. It’s pretty easy to get caught up in the idea it’s working for you. I take it youre not one of the federal government employees living paycheck to paycheck as a political pawn? Is that the way the economy is really intended to work?

Domenic_S 8y ago
Intended by the people with the power to influence it, obviously. We are in the lowest default rate period since the Great Recession, I don’t know where you’re getting this sky-is-falling take on the economy.