Even after bankruptcy, this couple still overspends...

[LegendKiller]

70% graduation rates are just fine?

Wow, don't hold back guys, shoot for those stars!

Not everybody is special and not everybody is going to graduate, that's just life.

The US was never #1 in education, we've stayed about where we were historically.

The fact of the matter is that the US' main advantage was people being able to improve their lives in a capitalistic society, regardless of educational background. Furthermore, our greatest increase in GDP was leveraged off of the fact we were the only major economic power unscathed by war after WW2, that provided the springboard.

This bullshit about the supposed US superiority and how horrible we are compared to that is foolish and ignorant.

 

[Phokus]

70% graduation rates are just fine?

Wow, don't hold back guys, shoot for those stars!

Ever think about the irony of posting this shit while you're unemployed, not actively looking for work, and sucking down unemployment benefits as some sort of stupid 'protest'? Shoot for those stars indeed.

 

[Lifted]

LOL @ $575,000 mortgage for a single income family bringing in a whopping $60,000/year.

W

T

F


The wife needs to git er jerb.

 

[Murloc]

lol retarded family homeschooling a child.
they'll ruin their daughter.
Home schooling in cities is so retarded too.

 

[IceBergSLiM]

Not everybody is special and not everybody is going to graduate, that's just life.

The US was never #1 in education, we've stayed about where we were historically.

The fact of the matter is that the US' main advantage was people being able to improve their lives in a capitalistic society, regardless of educational background. Furthermore, our greatest increase in GDP was leveraged off of the fact we were the only major economic power unscathed by war after WW2, that provided the springboard.

This bullshit about the supposed US superiority and how horrible we are compared to that is foolish and ignorant.

so in other words accept and be happy with mediocrity.... :awe:

 

[ElFenix]

LOL @ $575,000 mortgage for a single income family bringing in a whopping $60,000/year.

W

T

F


The wife needs to git er jerb.

california

i have to wonder what % of their vaunted state GDP was just people selling overpriced houses to each other

 

[LegendKiller]

so in other words accept and be happy with mediocrity.... :awe:

Never said that. However, the idea that this country's education system was far better than now is false, as is the idea that it is horrible.

 

[dr150]

The overspending attitude comes from spoiled children living off the parent's teet and then feeling ENTITLED to have that SAME lifestyle at an early adult age with no fiscal responsibility.

.....Then debt ensues when they figure out that:
"Geewiz, Mister Visa wants me to pay them back now instead of grounding me for a week and forgiving my debt by taking out the trash!"

People that grow up poor and reach the middle class or higher through their hard work tend to be more fiscally responsible since they understand more fully the VALUE of money.

 

[rcpratt]

People that grow up poor and reach the middle class or higher through their hard work tend to be more fiscally responsible since they understand more fully the VALUE of money.

Gross generalization. Would love to see the numbers behind that.

 

[CPA]

Not everybody is special and not everybody is going to graduate, that's just life.

The US was never #1 in education, we've stayed about where we were historically.

The fact of the matter is that the US' main advantage was people being able to improve their lives in a capitalistic society, regardless of educational background. Furthermore, our greatest increase in GDP was leveraged off of the fact we were the only major economic power unscathed by war after WW2, that provided the springboard.

This bullshit about the supposed US superiority and how horrible we are compared to that is foolish and ignorant.

Back in and after WW2 we were still a manufacturing society, which didn't need highly educated workforces. That changed as we moved to a services-based country (and I'm not just talking financial). Many folks without a HS diploma can't improve their lives now the way folks could back in the 40s and 50s, even the 60s.

 

[ShawnD1]

I wonder if their social circle is all upscale people and they felt they had to save face by doing all the things their friends do. In an advice column in our local paper yesterday someone wrote in saying his circle of friends go out to dinner once a month at high-end restaurants, he is unemployed and can't really afford it now, so what should he do? The columnist said to tell his friends he can't afford expensive restaurants. Duh!

I don't really understand how unspoken peer pressure could make people spend money they don't have but I know it's not uncommon.

So true. I'm always called a cheap jew because I never start spending money that I don't have, but I'm still that jew who has money.

I drink water when I eat out because I can't afford to blow $20 on coca cola 😛

 

[Perknose]

Ever think about the irony of posting this shit while you're unemployed, not actively looking for work, and sucking down unemployment benefits as some sort of stupid 'protest'? Shoot for those stars indeed.

Back in and after WW2 we were still a manufacturing society, which didn't need highly educated workforces. That changed as we moved to a services-based country (and I'm not just talking financial). Many folks without a HS diploma can't improve their lives now the way folks could back in the 40s and 50s, even the 60s.

Even many with a HS diploma plus maybe some cow college/community play-pen credits or diploma have woken up at age 40-50 plus unemployed and without any marketable skills.

Their desperation is palpable, and sad.

 

[SpatiallyAware]

Gross generalization. Would love to see the numbers behind that.

Of course there are no "numbers" behind that statement, but I completely agree with the quoted poster.

There is something to be said for growing up poor and knowing precisely how much work is required to make a dollar (or $10, or whatever..)

Many people who are born into means never internally recognize what it takes to earn money - that doesn't mean that they're automatically not fiscally responsible; but they definitely don't correlate that paycheck with the work required to make it.

 

[drebo]

Back in and after WW2 we were still a manufacturing society, which didn't need highly educated workforces. That changed as we moved to a services-based country (and I'm not just talking financial). Many folks without a HS diploma can't improve their lives now the way folks could back in the 40s and 50s, even the 60s.

There is still a huge need for skilled labor in the US. The problem is the idea that everyone needs a college-degree-white-collar-job. You can't outsource plumbers, welders, construction, electrician, mechanic, etc. jobs. Those are all skilled jobs that don't require college education, but do require some training.

This is why we should have two sets of high schools: one for higher education and one for vocational training. Several years ago, I had college GE courses that had illiterate people in them. Like, not people that couldn't read well, but people who flat out couldn't read. Get rid of all of those people clogging up the universities and higher education costs will go down. Get them vocational training and they might actually find something useful to do with their lives.

Will it solve all of the problems? No. But it'll be a huge start.

Also, teachers should be paid based on performance. However, you can't base the performance by comparing the kids to other kids. You have to base the performance on improvement of the kid over the course of the year by comparing the kid to himself. This is how a lot of Charter school systems work in California and it works. Also, kids should be separated based on aptitude. Smart kids should be in class with other smart kids. Kids who are slower should be in class with other kids who are slower. While not completely terrible, our education system (at least in California) is a travesty.

 

[AznAnarchy99]

Not everybody is special and not everybody is going to graduate, that's just life.

The US was never #1 in education, we've stayed about where we were historically.

The fact of the matter is that the US' main advantage was people being able to improve their lives in a capitalistic society, regardless of educational background. Furthermore, our greatest increase in GDP was leveraged off of the fact we were the only major economic power unscathed by war after WW2, that provided the springboard.

This bullshit about the supposed US superiority and how horrible we are compared to that is foolish and ignorant.

Considering people only need a D- or a 60% in only their core classes to graduate. Thats pretty sad.

 

[Malak]

Our education system is NOT a complete failure by any stretch of the imagination. There are many, many, many fine school districts doing a great job.

A great job teaching nothing. Just because students get a diploma doesn't mean the school was effective. Our education system is so bad it can't be fixed, it needs to be replaced with something that makes more sense. Arbitrary word counts should be outlawed, busy work removed. I love to learn, and I hate school. Once I'm done with my current degree I'm never going back.

 

[kranky]

Of course there are no "numbers" behind that statement, but I completely agree with the quoted poster.

There is something to be said for growing up poor and knowing precisely how much work is required to make a dollar (or $10, or whatever..)

Many people who are born into means never internally recognize what it takes to earn money - that doesn't mean that they're automatically not fiscally responsible; but they definitely don't correlate that paycheck with the work required to make it.

I grew up poor, and one of my first memories related to money is when my grandfather got me to understand that when I spend a dollar it requires $1.30 of income to replace, because of taxes. And the way to help equalize that is to save your money so it works for you.

 

[Anonemous]

How the hell did this thread get derailed into public school P&N? I went to public schools when I grew up and my classmates and I turned out fine. I did not go to the best high school for sure but we had a couple students with perfect SATs and at least half of the graduating class going to UCLA/Berkeley.

If you want to be home schooled, go right ahead. Just don't be wasting my tax money if you don't know crap later on since you had an opportunity for public schooling.

 

[Imp]

Is bankruptcy really easy and complete void of consequences or something? Every time stories like these make the paper, it's about some retard(s) with out of control spending, go bankrupt, then go bankrupt again.

 

[PhoKingGuy]

How the hell did this thread get derailed into public school P&N? I went to public schools when I grew up and my classmates and I turned out fine. I did not go to the best high school for sure but we had a couple students with perfect SATs and at least half of the graduating class going to UCLA/Berkeley.

If you want to be home schooled, go right ahead. Just don't be wasting my tax money if you don't know crap later on since you had an opportunity for public schooling.

This, my high schools graduation list for my senior year was a laundry list of the top 20 universities in the nation.

 

[ShawnD1]

Is bankruptcy really easy and complete void of consequences or something? Every time stories like these make the paper, it's about some retard(s) with out of control spending, go bankrupt, then go bankrupt again.

Simply put, banks are run by idiots. If you are responsible, they won't lend you shit. If you are irresponsible, they will give you unlimited credit.

Ask yourself this. If you made $60k for the entire house, would your bank lend you 600k? No? It's probably because you're too responsible. If you missed a few payments on your credit cards and your car was taken away, they would be falling over each other trying to lend you 10x your yearly income.

 

[0roo0roo]

I wish they would bring back debtors prison. Throw the whole family in there and put the daugther up for adoption.

It might end up costing the taxpayer more money, but at least I would have the satisfaction of knowing they were at least being punished on my taxpayer dollar.

As it is now these fuckers just get rewarded for living like this.

watch the inside job....
what punishment should those folks get when small fry like this deserve prison?

 

[0roo0roo]

california

i have to wonder what % of their vaunted state GDP was just people selling overpriced houses to each other

http://www.realtytrac.com/home/
Top Foreclosure Cities

1. Las Vegas, NV
2. Chicago, IL
3. Phoenix, AZ
4. Los Angeles, CA
5. Miami, FL


Well one city is up there, but its not #1😉

 

[LegendKiller]

Simply put, banks are run by idiots. If you are responsible, they won't lend you shit. If you are irresponsible, they will give you unlimited credit.

Ask yourself this. If you made $60k for the entire house, would your bank lend you 600k? No? It's probably because you're too responsible. If you missed a few payments on your credit cards and your car was taken away, they would be falling over each other trying to lend you 10x your yearly income.

Lending works off of statistics when looking at large volume products. Portfolio metrics are key. When you look at what happened during the housing bubble you'll understand how that plays into the OP.

 

[ShawnD1]

Lending works off of statistics when looking at large volume products. Portfolio metrics are key. When you look at what happened during the housing bubble you'll understand how that plays into the OP.

All I know is that my first credit card had to be a secured credit card and I had to thrown down $1000 cash and that's after I already had an established track record of paying my phone bill every time and I had a car loan that automatically withdrew from my account every month with no missed or late payments. My friend's dad has filed for bankruptcy twice and he still gets pre-approved credit cards in the mail. Bankers are retarded.