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08-30-2009, 12:58 PM
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With consumer debt, bankruptcies, and foreclosures at...
...an all time high...? and 43% of American households spending more than they make, do household budgets pose more of a threat to our economy than government budgets?Mopar: I don't have any debt either. No mortgage, no car payments, not credit cards.Freedom Wins: Total household debt FAR exceeds government debt.
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08-31-2009, 10:05 AM
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I have almost no debt, so I'm a rarity statistically speaking, but even with no debt you still need income to live on. I've been out of work over a year now. God bless.
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08-31-2009, 11:50 AM
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No,not nearly the same amount as the government's budget and debt!!
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