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Gov't rejects credit card foregiveness

Discussion in 'Political Discussion' started by PatriotsReign, Nov 13, 2008.

  1. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    We can thank God that our friends in congress are not going to allow Americans with huge credit card debts to be forgiven 40% of their debt by credit card companies.

    Can you believe there was actually a discussion on whether to allow people to just walk away from their responsibilities? And the credit card companies actually supported this proposal!

    Here's a unique idea America...pay your bills!

    U.S. rejects debt forgiveness plan - Los Angeles Times
     
  2. STFarmy

    STFarmy In the Starting Line-Up

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    Oh my God, I didn't even know that was on the table...

    Congress shows some common sense. It's a miracle!
     
  3. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    I'd rather see them do that than send the money to some third world sh!t hole or give free handouts to Illegal Aliens.

    If they would "pay off" my credit card I could take my neighbors wife to Disneyland.
     
  4. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Harry, the point is, people who run-up credit card debt irresponsibly don't deserve to get rewarded while people who pay their bills and have little or no debt get nothing. If anyone should be rewarded, people with NO DEBT should be sent "reward checks" while the people with huge debt just pay their bills.

    Forget about all those people you hate for once will you and stay focused on this one issue. This has nothing to do with 3rd world countries or illegal aliens. But there you go again trying to link your irrelevant topics.
     
  5. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    I love everybody, I love you.......:singing:
     
  6. Patsfanin Philly

    Patsfanin Philly Experienced Starter w/First Big Contract

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    #95 Jersey

    Amen. It's like Aesop's fable about the ant and the grasshopper where the ant planned ahead while the grasshopper lazed about and when winter came, he was ill-prepared. Whether you agree with her writings or not, Michelle Malkin had a great piece on how those ants who lived within their means and paid their fixed rate mortgages are getting shafted.........

    Michelle Malkin : The Ant and The Grasshopper, 2008 Edition - Townhall.com
     
    Last edited: Nov 13, 2008
  7. Real World

    Real World Moderator Staff Member

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    This is why the fed was having no part of it.


    The fed gets the shaft. Income taxes get deferred by the borrower, while the forgiven debt by the lender, is depreciated over time.
     
  8. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Imagine getting an income tax saving for accruing too much debt! what were they smoking?
     

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