@Chutebox said:
@theone86 said:
"The fact that a record number of Americans aren't making those payments is "usually a sign of significant duress among low-income and working-class Americans," Long wrote."
You mean low-income workers are under economic stress? No, can't be! This is like the biggest no shit, Sherlock statement ever. People have been saying since forever that the cost of living is too high, wages aren't keeping up, too many people are struggling to pay for necessities, and conservatives have just responded with "well, just work harder, you're the problem not us." Well, here's literal data saying that full time workers can't keep up with the cost of living. If you don't do anything to address income inequality and stagnant lower class wage growth then you're going to get people defaulting on loans. If you don't want to do anything to address those problems that's fine, but don't complain when that inaction leads to entirely predictable consequences.
@Chutebox said:
@mattbbpl said:
@Chutebox: Is the core issue that people are increasing their consumption out of line with cost growth?
People spending more money than they should on things not "needed." I'm not talking about groceries or necesities. I'm talking about designer clothing (shop at Ross!), new cars or expensive cars instead of cheaper/used, etc.
From my perspective at least.
My brother in law is a good example. He and his wife make a good amount of money, but in the span of two years they bought a motor home, boat, and two cars.
Okay, so your brother, who definitely does not seem lower class, spends money on things he doesn't need, ergo everyone in the lower class spends money on things they don't need? File under: why I categorically disregard conservatives' opinions. Seriously, your opinion is literal dogshit.
1. I couldn't give a shit about what you think about me or my opinion.
2. You need to look up what the word literal means. You seem confused.
3. He's an example of someone going way beyond what is needed and piling up debt. That was all.
4. No where did I say he is lower class. Hell, I said they make good money. Some good reading skills there.
5. Enjoy your day.
1. Well, you should, because my opinion is eminently more intelligent than yours. If you don't want to listen to your betters, that's your problem.
2. Nope, it's literal dogshit. Like, if I could put your opinion in a mass spectrometer it would tell me it's dogshit.
3. No, that was not all. You used him in a comparison in a very specific context, and now are asking everyone to disregard that context since you've been called on it. That's just the type of intellectual dishonesty I've come to expect from conservatives. In fact, in this very reply you are making an implied comparison between his irresponsible behavior and the people defaulting on loans, when there are in fact very important and substantial differences between the two. For one, most people need cars to get to work, whereas your brother spends money on items that are not a necessity. Secondly, as was stated in the article, most of these people were offered subprime loans, which means someone who knew they couldn't afford them was telling them that they could. That's not irresponsibility on their part, that's predatory behavior on the part of the lenders. But, oh no, don't pay attention to any of that, they're all the same as your brother.
4. You were comparing his spending behavior to that of lower class individuals. If you can't recognize the difference then god help you, I hope whatever teachers you had as a child got fired for incompetence. But, then again, that's just the level of intelligence I'd expect from a conservative.
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