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There is more to this issue as with many others but generally I agree with Cephus and Sudipa.
Consumer goods are too easy to have, institutions were too free and easy with giving away money and
there is a view in society that if I want it I can have it.
BUT THE BOTTOM LINE IS-
CHOICE and PERSONAL RESPONSIBILITY |
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Only spend money you actually have, so yes, they are lacking intelligence. |
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 Mark  01 May 2008 00:16
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What kind of debt are we talking? |
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I don’t know whether the adjective “idiot” is apt or not. According to me the ignorant and the
irresponsible people get into debt. They usually want to live a life which is beyond their reach and
finally find themselves drowned into the ocean of debt. This should be controlled by them or they
would be demolished completely. Everyone should be very much thoughtful to how they would live their
life by saving something for their children. Why should one try to live the life that his earning
does not permit? This is the disease of showing of the society. To be compared with the other high
standard people is the irresistible temptation and only for this reason many people are getting into
debt day by day. If a huge amount will be needed for a medical cause in near future, what would the
man do? |
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I don't know that I'd use the word "idiot", but certainly it's mostly irresponsible people who get
into debt by trying to live beyond their means. It's the people making minimum wage who still have
to have that new car and the big screen TV with the new PS3 that are the ones that get into trouble
primarily.
It's one thing if you have unforeseen medical expenses or something like that, but if you're just
buying because you want something, I have no sympathy for you. |
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No humans are perfect because they do not follow God's will without fail. And all problems stem from
not following God's will. Included in God's Word, which is his will, is instruction on finance.
Leaving from His will will lead to debt. All imperfects people all fools, so all people are fools.
If some people get into debt, then they are fools because they are under the category of humans, all
of which are foolish |
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Everybody seems to be in debt nowadays. I think it is really stupid of people not to realise what
they are getting themselves into. There is plenty of information around warning you about the
dangers of debt.
We all did basic maths at least so how can you not realise what you can and cannot afford to pay
back. The credit companies make it more attractive and easy for us to get into debt but that doesn't
mean you have to.
If you want to buy something big and exciting or go on a nice holiday then SAVE for it. Don't get a
huge loan and then struggle to pay it back. What's the big rush?
Most of the things people get credit for are luxury items that aren't necessary. Like blowing their
store cards and maxing out credit cards on clothes and big tvs. Then they moan they can't afford to
pay it back.
Not only that but these idiots and their inability to fulfill their obligation to repay their debts
are also damaging responsible people's ability to get a mortgage (the only real need for debt except
perhaps a car).
The thing that really gets me is that in order to pay off their credit card people will get a loan!
That's just crazy. Taking out more debt to cover debt. Half the people spend it on something else
and then have double to pay. If you can't pay the first what makes you think you can pay two
debts?
Responsible and sensible people know that if they put a little money aside each pay and save
regularly then they should never need to worry about how to pay for that luxury item or holiday, or
an unexpected repair. And when they do have to take credit they know their limits and what they can
afford to pay back.
People just seem to dig themselves further and further into debt without seeking any sort of advice
or help and then expect you to sympathize their position. Do us a favour and know your limits! |
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There is a reason. WE are ALL in debt. You, your family, friends all hold a chunk of the national
debt over your head. You are in debt you just think you're not. We need to get rid the federal
reserve bank in order to trully be out of debt. Ever dollar produced costs us twice as much soon
after it is created out of thin air. Money has no meaning. We apply meaning to it. |
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I wouldn't say idiots, I would say people who don't think about the future very often. |
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That is a completely false statement. When students go to university most of them rack up a small
debt due to living costs and payment for their courses. You are therefore saying that all students
are idiots. |
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Sometimes you have to go in debt. How you pay it off is another story. |
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Why how untrue!
Suppose you get cancer and owe doctors ton of money?!
That is not irresponsibility: It is just MISFORTUNE.
I very much disagree with this debate for that reason. |
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I had to get a loan for my first house that meant I was in debt now I own about 120 houses that are
fully paid for and i collect rent from each month. Yeah what and idiot I was to get into debt, an
idiot all the way to the bank. |
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This is not necessarily true. If it was, almost every American would be under that classification.
People get into debt by trying to handle to much at one time. Let's say you buy a house and are
doing well at your job and everything is OK. So, than you add a car to that and that is working too.
You fill out a couple credit card apps for emergencies and they come and you are keeping up. Then
all of the sudden, you get laid off. Then what? Do you know how many people this happens too. If not
getting laid off, they lose their job and even after getting another one, it is hard to play catch
up.
People want to live the best life and there is nothing wrong with that. You might as well live the
American dream, with the kids and money and everything to make everyone happy. There is no reason
why people shouldn't take advantage of it but the problem lies when losing work or not paying on the
bills you have. |
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Most people that are rich go into debt because they think they don't have to worry because they
think they have an infinite supply of money. Then they spend it all. Wow a lot of theys in "there" |
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 Pure 16 May 2008 16:37
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There's good debt and bad debt. Bad debt would be high credit card balances with high interest
rates.
It's easy to say that idiots get into debt, but if you look at most of the highly successful
entrepreneurs of our society, you will find that they had lots of debt. |
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I hope someone reminds you of this when you get into debt. |
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Apparently you have never struggled in life or ran into a situation that you had no control over.
Lucky for you. I find it amazing how many people are so quick to judge. There are many reasons
people end up in debt and its not all because of people spending beyond there means on things like
big screen tvs and gaming consoles. Where I am living the average rent on a 1 bedroom apt is around
$1400/mnth. Then you look at the average cost of food and what wages are like. The average person
cannot afford that. Throw in a couple of kids and youve got a battle on your hands. Here I do not
have to worry about paying HUGE medical bills because we have a half decent health care system but
what about the people in the states who have hundreds of thousands of dollars in medical bills. Are
they "idiots"? Debt happens and I don't think its anything a person needs to be ashamed of. No one
is perfect. Life just has a way of getting in the way of the best laid plans. |
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If this is true the United States government is one of the stupidest entities on Earth. |
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It is possible for an unexpected event or events to bring anyone into debt. |
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I am a student - reading law to become a lawyer - have to get into debt to get any where!
But I am not stupid, I think!!! |
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