EPTUS Politics Mega-thread - Page 8018
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Read the rules in the OP before posting, please. In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up! NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious. Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action. | ||
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brian
United States9639 Posts
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chocorush
694 Posts
On July 06 2017 23:14 Plansix wrote: I’ve worked in bankruptcy on behalf of debtors and the horror stories are earned. The stories I could tell. I have two credit cards and I am an asshole to both of them every time there is a problem because I know how terrible that industry is. Unsecured debt collection in generally is a wretched industry in general and really should be regulated out of existence. The term in the credit card industry for someone who pays off their balance each month is “dead beat”. The system is bad and only favors people who watch their credit providers like hawks. Some people don’t want to live that life. I am literate in all debt collection laws, my rights and what these companies can do and I barely want to live that life. The system is just bad. The horror stories are definitely real, and if you're financially illiterate or irresponsible you're better off without a credit card. But as it is, if you're able to spend within your budget and pay your bills on time, you're screwing yourself over by not using a credit card. | ||
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Danglars
United States12133 Posts
On July 06 2017 23:05 Doodsmack wrote: If you don't like the liberal media and their tactics, you need to understand that Trump is making that worse by leaps and bounds, by making the media more successful and sustainable as a business. America first rhetoric? You would never have tolerated NATO being diminished before you needed to excuse your vote for Trump. You've been conned by a snake oil salesmen into Trump Family First - see China and Saudi Arabia. As for the administrative state, how is Jared Kushner doing with that? And what is this bumbling fool enacting other than EOs that are statements of intent and laws that are marginal at best? Dangermouse's point is that the bumbling fool is taking you backwards on your stated points, not helping. You trusted a bumbling fool to help you but he's gonna screw it all up. No, he wanted to say Trump is the worse candidate based on my own stated criteria, which was objectively false and showed he needs to reread the material, as you should do to his post. One more time for the cheap seats: "tolerating" x, y, and z is always framed against what the other choice would've been. I can tolerate a heap of stuff from the Trump White House knowing that he did defeat the way worse possible occupier of that office. Get it? I'll criticize him left right and center for some EOs, religious freedom one comes to mind, and all the rest. Secondly, the insanity of the liberal media is on full display and helpful to cause Americans to reject their message. Track down meme creators/reposters the president retweeted? Issue full retractions and apologies for false Russia stories, and shown to be totally pants-on-fire wrong from congressional testimony? These are helpful to my cause. CNN as a corporation might just have a thinner skin than Trump, and that's useful for future presidencies when Trump is out of office. For the rest, you have one big unacknowledged problem. Republicans are winning cross country in special elections because voters know Trump's his own man. People can separate the man from other candidates since he ran so obviously against the party regulars and is very much removed from the norm. Lastly, a slowdown in the expansion of power in the reulatory state is obvious from a guy that can't appoint his own guys quickly and made two-cut-per-one-made rules. When he flails in three directions, he's comparatively better than a Hillary that pushing policies with federal agencies that I know to be harmful. | ||
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Plansix
United States60190 Posts
On July 06 2017 23:38 chocorush wrote: The horror stories are definitely real, and if you're financially illiterate or irresponsible you're better off without a credit card. But as it is, if you're able to spend within your budget and pay your bills on time, you're screwing yourself over by not using a credit card. Personally, I built up some reasonable credit using my student and car loans. I didn’t have a credit card until my late 20s. They are fine tools if you can find a reasonable company to provide you with one. But they are not the only way to build credit. On July 06 2017 23:17 brian wrote: i don't have a lot of sympathy who wind up in CC debt due to stupidity. i understand there are totally valid reasons to be in CC debt but the stereotype of the ignorant teenager/20 something who pays the minimum because they can gets their due in my eyes. I have zero sympathy for credit card companies who hand out debt to people who can’t afford to pay it back. The idea of “personal responsibility” only applies to poor people, not credit card companies. No one ever says “well maybe you don’t deserve to be paid back the money you lent out because you are stupid.” They created a business model where we shame each other into thinking its 100% our fault for accepting the money we couldn’t’ afford to pay back. My favor quote from a client was this one “I knew I shouldn’t have the loan, they knew I shouldn’t have the loan. They got their bail out, I want mine.” | ||
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chocorush
694 Posts
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Wulfey_LA
932 Posts
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ticklishmusic
United States15977 Posts
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Plansix
United States60190 Posts
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Artisreal
Germany9235 Posts
Costs will arise if I don't have enough on that account. I think about 15%/month or so. | ||
KwarK
United States43776 Posts
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Plansix
United States60190 Posts
On July 06 2017 23:56 Artisreal wrote: My CC bill is withdrawn from my bank account on a specific day of the month I had to specify when getting the CC. Costs will arise if I don't have enough on that account. I think about 15%/month or so. This right here is the last thing I would ever do with a credit card. I would NEVER give them direct access to any account I used. I’ve seen them help themselves to payments even though it was turned off. Or just double withdraw and then act like it didn’t happen. But once again, I have seen every terrible thing these companies can do, so I’m pretty jaded. On July 06 2017 23:57 KwarK wrote: I have nothing but good things to say about American Express. They maybe be one of two that are not complete shit. But you also need a pretty good credit score to even qualify for one. Exist is a time bubble and think they are still in an era where you needed to qualify for credit cards. | ||
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Gahlo
United States35172 Posts
On July 06 2017 23:52 Wulfey_LA wrote: I have had credit cards for 20 years. Never carried a balance. Why would you carry a balance? Always pay it off every month. You'd be surprised how many people live paycheck to paycheck. If something happens like the washer goes, replacing it can cause problems for people living like that. | ||
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Doodsmack
United States7224 Posts
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farvacola
United States18856 Posts
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Plansix
United States60190 Posts
On July 07 2017 00:04 Gahlo wrote: You'd be surprised how many people live paycheck to paycheck. If something happens like the washer goes, replacing it can cause problems for people living like that. This is the reality of credit cards. People who live pay check to pay check end up using them for things like car repairs or some other emergency to avoid losing their job. These are stable people most of the time, right up until some sort of “shock” causes them to go into debt. And this starts a cycle of being unable to make ends meet and falling further in debt. | ||
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ShoCkeyy
7815 Posts
I remember in my college, one of my first classes with a "credit card learning class" it was odd, but definitely taught me how to use my credit. I think this kind of stuff should be taught in like homeroom classes during high school, 12th year. I can see it being useful. Also. http://money.cnn.com/2017/07/01/news/economy/latinos-u-s-economy/index.html?sr=fbmoney070317latinos-u-s-economy0601AMVODtopLink&linkId=39346554 Latinos are becoming an increasingly critical engine for America's economic growth, a new report finds. In 2015, the 55 million Latinos living and working in the U.S. were responsible for $2.13 trillion -- or 11.8% -- of America's $18.04 trillion gross domestic product, according to a study released Thursday by the Latino Donors Collaborative, a nonpartisan association of Latino business, political and academic leaders. And those contributions are expected to continue to grow. By 2020, the researchers estimate that Latinos will fuel nearly a quarter of all U.S. GDP growth, and represent 12.7% of the country's total GDP. Helping to power that growth will be the growing number of young Latinos who will be joining the workforce as an older generation of American workers -- the Baby Boomers -- retire. "We are excited to have statistical evidence that proves what Latinos living in the U.S. have always known to be true: we are a hard-working, productive, and essential part of American economic growth and American society," said Ana Valdez, executive director of the Latino economic advocacy group. The researchers relied on data from the Census Bureau, Department of Commerce, Bureau of Labor, World Bank, and the University of Minnesota to reach their findings. If the U.S. Latino GDP was considered an economy of its own, it would have been the seventh-largest in the world in 2015 -- just behind France and ahead of India, the researchers found. In terms of GDP growth between 2010 and 2015, U.S. Latinos came in third, behind China and India. ![[image loading]](http://i2.cdn.turner.com/money/dam/assets/170629124616-chart-latino-gdp-comparison-780x439.jpg) | ||
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brian
United States9639 Posts
On July 07 2017 00:08 Plansix wrote: This is the reality of credit cards. People who live pay check to pay check end up using them for things like car repairs or some other emergency to avoid losing their job. These are stable people most of the time, right up until some sort of “shock” causes them to go into debt. And this starts a cycle of being unable to make ends meet and falling further in debt. i mean i've been there and paid off my debt and paid a fairly decent interest charge because of it. and i guess i just disagree here. in your last post you said something to the effect of 'effectively shaming ourselves for taking money we couldn't afford to pay back' and yes. yes that's how i feel. don't do it if you can't afford to. like i had, i understand that for some there aren't options. but for each case of those there are as many people who do it purely out of stupidity. and for those people i don't think i'll be swayed to have any sympathy. i certainly haven't been yet. | ||
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Doodsmack
United States7224 Posts
On July 06 2017 23:43 Danglars wrote: No, he wanted to say Trump is the worse candidate based on my own stated criteria, which was objectively false and showed he needs to reread the material, as you should do to his post. One more time for the cheap seats: "tolerating" x, y, and z is always framed against what the other choice would've been. I can tolerate a heap of stuff from the Trump White House knowing that he did defeat the way worse possible occupier of that office. Get it? I'll criticize him left right and center for some EOs, religious freedom one comes to mind, and all the rest. Secondly, the insanity of the liberal media is on full display and helpful to cause Americans to reject their message. Track down meme creators/reposters the president retweeted? Issue full retractions and apologies for false Russia stories, and shown to be totally pants-on-fire wrong from congressional testimony? These are helpful to my cause. CNN as a corporation might just have a thinner skin than Trump, and that's useful for future presidencies when Trump is out of office. For the rest, you have one big unacknowledged problem. Republicans are winning cross country in special elections because voters know Trump's his own man. People can separate the man from other candidates since he ran so obviously against the party regulars and is very much removed from the norm. Lastly, a slowdown in the expansion of power in the reulatory state is obvious from a guy that can't appoint his own guys quickly and made two-cut-per-one-made rules. When he flails in three directions, he's comparatively better than a Hillary that pushing policies with federal agencies that I know to be harmful. What's funny is that you would claim liberals talk down to those they argue with. Keep in mind you didn't just tolerate, you praised it. Praising America first rhetoric includes the NATO rhetoric, which should really show you the degree to which you've excused Donald Trump. The guy is bumbling up your own hopes for government, not helping. Cherry picking some media mistakes against the backdrop of a leaking sieve of a West Wing doesn't help to form an accurate picture. CNN has thinner skin because of one little line in a story? CNN has thinner skin than Trump? That's far removed from reality. Republicans are winning special elections in red districts. I think that's all there is to say on that. Signs point to Trump harming your Congressional majorities. Things like the hiring freeze only cause more money to be spent by the government. Arbitrary 2 for 1 rules are only counterproductive. It's all bumbled up stuff from people who don't know their ass from the ground. | ||
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ZerOCoolSC2
9037 Posts
On July 06 2017 23:17 KwarK wrote: I'm a little curious about some of the details here. Nothing from 12 years ago should still be on your credit unless you accidentally refreshed stuff. Even a bankruptcy won't still be impacting you now. To answer your curiosity, CC in college when I had a school loan to pay back to continue, I maxed out 3 cards. The limit was minimal, mind you. But family said they would take care of it. They didn't. That dropped my score to the bottom. I paid all of them off (for less than was debted). But raising that score with more credit, when every APR is 24%+ is difficult. I've held a steady job since then and even joined the military. The bulk of my bad credit is school related. I'm paying back a lot of money with minimum wage jobs that don't make the cut because I can't afford to work 40+ hours a week during school. I recently graduated, so I'm looking at a sum total of $5k+ without a job for once. No CC. No family to help. No job to fix it. Plus minor identity theft issues. The problems can multiply and put you under and it's hell to get back out. Edit: I'm not excusing my naivete. I know now and I knew then. I'm simply stating that in different circumstances, for different people, it would be easy to see the stupidity in CC folly. And it would also be easy to see the arrogance of those who never went through the stigma of being a "bad bet" (meaning your credit isn't good enough for them to lend you a $500 line without it being secured to your checking account, if you have one) | ||
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Zambrah
United States7393 Posts
Sure makes me grateful my Mom has helped me work up to a solid credit score... | ||
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