How Did Americans Become Poor? [Archive] - Glock Talk

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Ruble Noon
08-07-2012, 15:54
http://www.strike-the-root.com/how-did-americans-become-poor

PettyOfficer
08-07-2012, 18:52
Trickle down economics (give the rich more $$) didn't work!!!

Little Joe
08-07-2012, 19:00
Usury. It doesn't work on the government or personal level.

beforeobamabans
08-07-2012, 19:31
You ain't seen nothin' yet. The debt bubble continues to be kept aloft by the fed and cheap credit for all. When e thing really crashes, there will be great wailing and gnashing of teeth.

cowboywannabe
08-07-2012, 19:44
when you take money from those whom earn it and give it to those whom don't, you get poor equally distributed.

Brucev
08-07-2012, 20:07
Well... tinkle economics was a failure. Nafta was a failure. Running around the world using our military to play policeman didn't work. That'll do for a start. Then of course there is the resident twit squatting in the white house... he's even worse than those who proceeded him. They at least were not domestic terrorist committed to the destruction of America.

JohnnyReb
08-07-2012, 20:12
Entitlement spending!

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G17Jake
08-07-2012, 20:17
Trickle down economics (give the rich more $$) didn't work!!!

Not stealing as much from people isn't giving them anything.

Little Joe
08-07-2012, 20:24
All the above.

Little Joe
08-07-2012, 20:26
Except for number 2.

CitizenOfDreams
08-07-2012, 20:27
Show me those "poor" Americans you are talking about. They have food on the table, cars in the garage, satellite antennas on the roof, iPhones in the pocket. All those horrible "debts" you are talking about are just virtual numbers in the credit card accounts that no one is expecting to be ever paid off.

Little Joe
08-07-2012, 20:31
Show me those "poor" Americans you are talking about. They have food on the table, cars in the garage, satellite antennas on the roof, iPhones in the pocket. All those horrible "debts" you are talking about are just virtual numbers in the credit card accounts that no one is expecting to be ever paid off.

Lots of truth here, but no denying we are on a downward trajectory heading for disaster.

series1811
08-07-2012, 20:56
Who knew that spending more than you take in, year after year, would be so bad for families and countries?

There is probably an economics lesson in there somewhere.

aircarver
08-07-2012, 21:28
There is probably an economics lesson in there somewhere.

Totally lost on a large segment of the population ... :frown:

.

youngdocglock
08-07-2012, 21:29
Few things.

Handouts.

Overspending

Borrowing more than we can repay.

Sending all our jobs to china

Increasing the price of products 10x but only increasing minimum wage 2x...


adds up...

CitizenOfDreams
08-07-2012, 21:34
Who knew that spending more than you take in, year after year, would be so bad for families and countries?
Problem is, it is not bad enough for them, so they keep doing it. What's the worst that could happen if you (or you country) don't pay your debts?