Personal debt is good too

[Jacque]

Personal debt only shows how much financial institutions want to invest in me. Incarceration is a worthless solution. I'm useless there and they'll not recover one cent. And if I'm not around to pay my dues, there's always my family, an endless supply of free labor that can be sold now, not later. It's not slavery, it's better, it's DEBT®.

And for those of you who worry about the money that's owed to you now or "income", try to focus on the money you could be owing others. My solution to diminishing wages: debt. A lot of it. Think of it as getting what you're owed by promising to pay it back and then reneging on that promise like Social Security.

And if we all get it into massive debt at the same time, no one would dare touch us for fear of starting a domino effect that would send this nation into another Great Depression. And we know what happened then. Billionaires lept off skyscapers to their spiraling doom below. It was a horrible tragedy for this great nation. No one likes to see a perfectly good Armani suit plastered to the sidewalk of the New York Stock Exchange. That's not what this country is about. This country is about ruinous, inescapable debt. Red is the first color in our flag for a reason. We began as colony of debtors beholden to foreign monarchs and tyrants, so shall we stay: a debtors prison. But with freedom, which I rack up on my Rewards Card with purchases over $10. God Bless American Express.

[Geek Engineer]

Jacque, this is very funny and at the same time very true.

Hey it's the American way to get something for nothing it keeps this country's economy going.

[Hypnos]

So what do you drive? I'll look for it at repo auction.

[joft]

Debt is just one of the tools used to achieve dependency, and dependency is just one of the substitutions for trust that have been "necessitated" by the anonymity of growing populations. Unfortunately for me, I absolutely despise debt and dependency, but our entire system is set up at each step of the way to make it impossible to avoid them. This reminds me, this is what I was really getting at in my post about western culture (particularly American) and how it's not really "individualistic" like all the social scientists assert. Everything is designed to prevent anyone from becoming a "free agent," ensuring that nobody can escape the bog that we are all stuck in

[sbw]

Debt is just one of the tools used to achieve dependency, and dependency is just one of the substitutions for trust that have been "necessitated" by the anonymity of growing populations. Unfortunately for me, I absolutely despise debt and dependency, but our entire system is set up at each step of the way to make it impossible to avoid them. This reminds me, this is what I was really getting at in my post about western culture (particularly American) and how it's not really "individualistic" like all the social scientists assert. Everything is designed to prevent anyone from becoming a "free agent," ensuring that nobody can escape the bog that we are all stuck in

it's not impossible. you just have to prioritize, and create a plan for escaping the "bog" of debt and dependence.

also, much as I don't want to admit it...jacque humorously points out some of the positives of revolving debt. most people in america don't feel enslaved/guilty/embarrassed/whatever like we do, joft. they just keep fuckin' spending.

Scott

[Architectonic]

Don't worry, inflation (maybe even stagflation if you are lucky) will solve all of the US' problems. :ph34r:

[Sue Denim]

This idea works great, except when it doesn't.

[Leftfield]

Yeah but as soon as our country hold up a "red flag" of not to invest to internationally, I think it may be the start of doom for America, nothing major, but a setback. This is pending that Asia grows and the EU stops arguing... a lot of risk everywhere in the world.

As for the topic, "personal debt" just seems like a norm in our society nowdays, and I hear it all the time in college, yeah I owe $50,000 for college when I get out; but what sucks is it just keeps outpacing inflation to the point where university education will be unaffordable to most of the middle class when I start raising my children... this country makes me laugh sometimes, but it's cool, I can just take out a loan to solve most of my problems...

[Jacque]

So what do you drive? I'll look for it at repo auction.

Much to the chagrin of the repossessors, what I drive holds less value than a Michael Jackson verdict, likewise it was made in the USA...by Americans, a problem immigration will soon rectify. So I longer try to own anything domestic. I aim to rent, lease, and borrow everything from the box my cereal comes in to bath water, except for phone cards which, I was informed, is type of rent.

[Hypnos]

Sounds like a plan. Please report back in 5 years how the indebting is going.

[Jacque]

Sounds like a plan. Please report back in 5 years how the indebting is going.

Don't let me be the only testiment to the effectivieness of this plan. We're all on the Debt Per Capita Plan™. I'm on the 20 year plan which only saw an average 7% annual increase. I wasn't lucky enough to be alive through most of the Reagan years. But I'm happy with the -$27,000 I have now, which adds a nice chunk of change to the -$136,479 total. Adjust that for household, and I should be rolling in the nonexistential millions that I've been unaccumulating over the years.