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We have the inclination to default on loans because it is not a criminal offense. If it was illegal may be many like me will not be wishing we were not debt-beats. We will only borrow what we can afford to pay knowing there is a severe punishment when we don't. Can anyone default on a loan obtained from a loan shark? No! We only go to them when we have 100% assurance we can pay back. Wish the authorities will make it illegal to default on loans. May be we will have less debt-beats around.
by Angelo12 months ago
I am on a debt-free journey and student loans make up the bulk of my borrowings, therefore, I am interested in creating an open community-based forum that discusses ways of coming up out of debt. Inspire someone to...
by mio cid6 years ago
The republican position is that under no circumstance will they allow any tax raise as part of the negotiations to raise the debt ceiling.They also want spending cuts, right now,significant in quantity,and across the...
by Susan Reid6 years ago
From that bastion of lamestream liberalism, TIME. Mr. Klein puts it so darned well I couldn't resist posting the whole article. It's not very long. Enjoy!Oh, and as we all know, there WAS no vote today (Thursday). ...
by James Smith4 years ago
http://online.wsj.com/article/SB1000142 … 63786.htmlI heard a good argument against the raising the debt ceiling a few years back. This senator argued leadership means that ''the buck stops here. Instead,...
by sannyasinman8 years ago
Apparently, all of the billions of Euros just transferred to Greece to ease its "crisis" will go directly to the banksters to cover outstanding interest payments, and will do nothing whatsoever for the country...
by Dave McClure6 years ago
Greek Prime Minister George Papandreou has decided that the Greek people should be asked whether or not to accept the rescue package negotiated by the Eurozone leaders. The 'rescue' package, of course, came with strings...
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