Blaming Personal Debt on Bush?

from JoeUser Forums
As usual we get another gloom and doom post telling everyone how bad the economy is (even though it isn't) and all of it is of course the fault of Bush.  One of the statements made is that personal debt is high, which I'm sure it is.  However, that is in no way the fault of Bush or the federal government.  Why can't people (liberals) learn to place responsibility where it lies, on the individual instead of always making excuses and blaming Bush?

If you are not responsible with your income, and that means spending money on things such as iPods, cell phones, etc., then why is it a surprise when you have debt?  It's no secret many lower income people in this country spend way beyond their means, so why blame Bush or the government?  Let me guess, because it's an easy thing to do and maybe it's another excuse for democrats to push for more government assistance.

Of course these same people offer no solutions except the usual "tax the top 10%" which will not help anyone in this country, and for all purposes will make things worse for many people.  It's time for people to take personal responsibility for themselves, and their spending, and the consequences if they don't.
3,497 views 11 replies
Reply #1 from JoeUser Forums Top
Ok, now I'm not saying I agree, but I do understand the point CG is trying to get across.

He is saying that personal debt is so high because the economy is bad and poor people can't afford essentials (like health care, food, rent, etc.) without taking on debt.

THAT is why he is blaming personal debt on Bush.
Reply #2 from JoeUser Forums Top
The trickle down Bush economic policies has increased pressure on middle and low income Americans. That drives more people to use credit card debt and many have refinanced their homes to get money not available from employment. The lower paying jobs and cut in benefits, especially health, has put more pressure on the middle income workers. There has not been such a mal distribution of wealth and the benefits from our economic policies in decades! Yes the Bush Policies are adding to credit pressure and mortgage failures. Bush 41 had it correct-- Voodoo economics!
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Reply #3 from JoeUser Forums Top

Ok, now I'm not saying I agree, but I do understand the point CG is trying to get across.

He is saying that personal debt is so high because the economy is bad and poor people can't afford essentials (like health care, food, rent, etc.) without taking on debt.

Except that the economy is basically healthy once you take out the ridiculous sub-prime mortgage factor that was letting many people who shouldn't have been buying new McMansions run out and spend way more than they should have to buy way more home than they needed.

Which, uh, really all goes back to the point that Island Dog rightfully makes about it all being the fault of the individuals that were apparently unable to control their own spending and live within their own means.  Those individuals are the onces that should be blaming themselves, but won't because it's many times easier to point at someone else and blame them.

Especially easier if your name is Clueless and you want yet another issue to try to pin on your own perceived donkey's tail.

Reply #4 from JoeUser Forums Top

The Clueless One again farted and out came the following tripe:

The trickle down Bush economic policies

Liberals don't believe in trickle down economics so just shut-it already!

Reply #5 from JoeUser Forums Top
BTW, I'm not saying the economy is bad. I was just sharing my interpretation of CG's rantings.
Reply #6 from JoeUser Forums Top

Yes the Bush Policies are adding to credit pressure and mortgage failures.

Actually I changed my mind, don't shut-it.  Instead, please, do tell what Bush policies forced lenders to make sub-prime loans?  What policies forced individuals to take those risky loans?  What Bush policies forced people to buy bigger homes than they should have and could have afforded?

You are so full of crap that I'm sure your old gray hair is occassionally tinted brown.

If not for the Bush economic policies and tax-cuts there are literally billions upon billions of dollars that wouldn't be in the hands of the average U.S. citizen and instead would have gone to yet more government waste.  You don't just ignore that, you demand that the government take more money from it's citizens and then you also demand that they spend it on the priorities that you personally select.

You are worse than the overly arrogant Dixie Chicks (who felt they were personally owed an explanation for why we were going to war) with your demands for *your* plans to be followed.

Ok, I'm back to thinking you should just shut-it.  It would best for us all if you did (as MasonM suggested elsewhere) left the conversations to the adults here.

Reply #7 from JoeUser Forums Top

Texas Wahine sweetly said:

BTW, I'm not saying the economy is bad. I was just sharing my interpretation of CG's rantings.

Understand completely.

Reply #8 from JoeUser Forums Top
The trickle down Bush economic policies has increased pressure on middle and low income Americans. That drives more people to use credit card debt and many have refinanced their homes to get money not available from employment.


Why do you (as most liberals) always have to make an excuse for someones poor management of their finances?  Personal responsibility, look it up!
Reply #9 from JoeUser Forums Top
do tell what Bush policies forced lenders to make sub-prime loans?


you see bush went to ever one who borrowed and held a gun to their head until the signed the loan paper.
Reply #10 from JoeUser Forums Top
Personal responsibility, look it up!


The PC crowd can't acknowledge personal responsibility for even a second because if they do then they are forced to admit that 80% of the crap they whine about is just noise. Can't have personal responsibility and a nanny state at the same time.
Reply #11 from JoeUser Forums Top
Everyone needs to learn a little more personal responsibility. Being naive about politics as I am, I'm not really sure what liberals etc have to do with it. The general state of the economy obviously effects our personal finances, but ultimately the day to day decision are up to us. Do we go in to debt to have the better clothes, nicer furniture etc or do we deal with what we have and save for more important things?