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Question by Uncle Tom: Did we really spike the economy with Cash for Clunkers, or just put more people into further personal debt?
Americans could learn a lot from working with Jewish people. If a Jew needs a computer, and one has a 1 year warrant and is $ 300.00 and the other has a 5-year warrant and is $ 325.00, they’ll almost always buy the $ 300.00 system. Then they put the extra $ 25 in their bank account. That’s why most are rich! They would never trade in a paid for running car for a new one with a car payment.

Pat: I’d say $ 3Billion dollars is a lot of money to hire just 1200 workers.
1500, what ever. That’s $ 2,000,000/worker. I could do that without putting a bunch of people in debt.

Best answer:

Answer by Cinner
A false spike and yes probably more personal debt they may or may not be able to pay. It’s turned into a great big fiasco.

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by MANILA IMPERIAL MOTOR SALES . . . .

Question by : Where can I find a personal debt consolidation loan for people with bad credit?
I am in dire need of a debt consolidation loan and I have bad credit. I can make things work with $ 5000, but I do not know where to start. I have seen people with yahoo addresses claiming they can loan money but they sound fishy as it is not a company email, their emails always seem to be yahoo. Any info will help. I fell on hard times and am now able to pay my monthly bills but I cant seem to catch up what I fell behind on. PLEASE help asap. I have a 5yr old and I do not want him to suffer us loosing our home or car.

Best answer:

Answer by JIM
Not sure where you are but here in UK, debt consolidation loans are virtually extinct from legitimate sources. Instead there are debt consolidation companies who deal with creditors on your behalf via negotiations with said creditors with the goal of cancelling further interest on your debts and working out an affordable monthly payment. You cease dealing with your creditors personally and simply make the monthly payment requested to the company handling your debts. If any creditor continues to hassle you either by mail or on the phone, you simply report it to the company

What do you think? Answer below!

Question by PhileoTruth: Unsettled debt. Personal guilt. What are the most self-serving/selfish reasons that people cry at funerals?

Best answer:

Answer by perfectlybaked
Umm… how about the default thought of knowing that they didn’t want to die?

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Question by LongTermCapitalManagement: Is it ‘immoral’ that people can go into PERSONAL bankruptcy over MEDICAL debt?
That’s the system we have in the US right now. The system is slowly cracking under its own weight. Recently, I have seen people making a MORAL argument for universal health coverage – that it is immoral for such a rich country to have people going bankrupt due to medical debt.

Is this really a moral issue, though?

Regardless, it keeps getting bigger, and I bet we will have nationalized health care eventually, just due to political trends.

Best answer:

Answer by captaincollector@sbcglobal.net
Yes it is remember you are your brothers keeper

What do you think? Answer below!

Question by Dawn U: I heard there was an organization of individuals who would do a personal loan for people in debt?

Best answer:

Answer by Growl
It’s called the Mafia. 25% per month interest with penalties (broken bones) if you miss a payment.

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Question by Ken: Now that we bailed the banks out of debt; what about the people who still owe them?
All of the bad decisions and bad management in banks and on Wall Street has been rewarded by the taxpayer taking on all of their bad assets leaving them with a clean balance sheet. In all fairness, what could possibly be done to provide equity to all the people who foot the bill? How about the Fed taking over all our personal debt too? Seriously, do you see anything coming down the road for us?

Best answer:

Answer by Lisa J
You get to keep your job. If they hadn’t done this people could lose more than the tax money they pay. The government will own these properties and could sell them down the road and recoup some of the monies.

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Question by Jessie Martinez: Are people reducing personal debt in this economy?

Best answer:

Answer by gosam777
Yes. And saving more also. And it’s pissing off the feds off to no end. When they issued $ 600 checks to everyone a few years ago, the population used it to pay down debt. The government was expecting us to irresponsibly spend it like they do, or risk it in high risk investments like the investment banks.

Now that the general public has made a statement will no longer participate in their foolish spend with no end attitude, they and the Fed have no idea how to get out of this current deflationary downturn they created with their out of control spending, and getting into bed with Wall Street

What do you think? Answer below!

Question by Eric, MA: In USA what is the average personal debt for people ages 20-29? Is there a difference between men and women?

Best answer:

Answer by colourmestupid15
I wish I knew the answer. That’s a really good question…

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by eric731

Question by Anti_Censorship: Do people realize that personal income tax is unconstitutional and that the money ONLY pays interest on debt?
The Constitution only allows taxes on goods and/or a flat tax for everyone. The personal income tax amendment was never ratified. In addition, all the money our government collects from taxes on your income goes to pay of only the interest (not principal) on our 7 trillion dollar national debt. What do you think about that?

Best answer:

Answer by theodore r
I think your facts are pretty fouled up.

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The Plum Line: Do people care about the deficit?
Duncan Black poses a question: “Nobody cares about the deficit. Why don’t people understand this?” Matthew Yglesias attempts an answer: “Politicians don’t understand that the voters don’t care about the deficit because the voters themselves don’t understand that they don’t care about the deficit….
Read more on Washington Post

Comcast teams with City Year to help regional students prepare for work
Comcast Corp. joined with the nonprofit, City Year to help several dozen Oakland, Macomb and Wayne county youths and young adults prepare for the workforce.
Read more on The Oakland Press

CRA Wants to Sell Cleantech Site
DOWNTOWN LOS ANGELES – The Community Redevelopment Agency is looking to sell a troubled 20-acre Downtown plot intended for cleantech use to a local property development firm, which in turn would develop the land.
Read more on Los Angeles Downtown News