I think that there are enough peploe in the shadows that are waiting to walk that it's just about time for a jubilee.Sure we can all complain about the peploe that HELOCed their homes in order to take cruises, buy suv's etc. etc. but in reality didn't one persons debt contribute to another persons income?U.S. wages are ultimately going to have to deflate in order to compete with the rest of the world and in order to do so, debt forgiveness IMHO has to be in the cards.The peploe who will be screwed the most in this situation will be those that bought houses for cash in the last few years. Then again will they really be that bad off? If they had enough cash to buy a house outright, wouldn't they also have plenty of cash reserves left over that would subsequently increase in value ?I say cut all debt by 50%. ALL debt.Just thinking out loud. Rate this comment: 0 0
by Maksut 04:41:38 AM 2012.07.26 |