My solution for people in heavy debt with credit cards or mortgages.

[amdhunter]

Am I the only one that gets pissed off by people in debt? I am not rich at all, and had heavy debt for a long time...but not once did I consider bankruptcy, or ask for a handout. Instead, I worked diligently on paying it off little by little, then a lot by lot.

Anyway, here is what I think should happen to people with heavy debt.

1) Jail time for those with Credit Card debt - Yes, I believe anyone who is in serious debt should be given jail time if they want their debt forgiven. Once this becomes a normal practice, the amount of people who abuse their credit cards, knowing that they cannot repay the amount, will decrease dramatically. After jailtime is served (1 year for every 10K in debt) your debt would be waived.

2) Jailtime + moving debt onto children for Homeowners - These people are the best, as they will usually stop payments on purpose in hopes of Obama bailing them out. They should be jailed at a rate of 2 years per $50k in debt, lose the home at auction AND their children or ANY family who lives in the home, would have the debt equally divided among them. They all share in the living of the house, they should all share in the debt. The amount of debt shared among them would be [amount of debt - amount sold at auction = shared debt]

That's my stimulus plan. People in debt piss me off.

 

[TecHNooB]

Jail is expensive.

 

[KillerCharlie]

1) Jail time for those with Credit Card debt

Do you not realize that people with credit card debt is the major reason why everyone can even use credit cards at all? Without the money credit card companies make from those with debt, they couldn't fund awesome rewards program and other features.

 

[amdhunter]

Do you not realize that people with credit card debt is the major reason why everyone can even use credit cards at all? Without the money credit card companies make from those with debt, they couldn't fund awesome rewards program and other features.

Unpaid debt. I am talking about those who can't make payments.

 

[amdhunter]

Jail is expensive.

It is also a good deterrent.

 

[minendo]

So in the end we continue to fuck the taxpayers and provide the people in debt with free housing and food? Sounds like a great plan.

 

[NFS4]

Am I the only one that gets pissed off by people in debt? I am not rich at all, and had heavy debt for a long time...but not once did I consider bankruptcy, or ask for a handout. Instead, I worked diligently on paying it off little by little, then a lot by lot.

Why the fuck do you care? I have a couple grand in credit card debt and I'm paying it off just fine thank you. Will probably be paid off by the middle of next year.

That being said, what business is it of yours anyway?

 

[amdhunter]

So in the end we continue to fuck the taxpayers and provide the people in debt with free housing and food? Sounds like a great plan.

I'd gladly pay more in taxes to see these douchebags and their children suffer. It's bullshit that they get to live in their million dollar homes for free while I have to live in the ghetto within my means.

Screw them. If I were President, I'd have all these people put out on the street.

 

[amdhunter]

Why the fuck do you care? I have a couple grand in credit card debt and I'm paying it off just fine thank you. Will probably be paid off by the middle of next year.

That being said, what business is it of yours anyway?

I mean people who cannot afford to pay it, and have stopped making payments. Pretty much those looking for their lord and savior Obama to bail them out.

I have no problem with the people who are trying to make their payments instead of ignoring them.

 

[NFS4]

I mean people who cannot afford to pay it, and have stopped making payments. Pretty much those looking for their lord and savior Obama to bail them out.

I have no problem with the people who are trying to make their payments instead of ignoring them.

Again, why do you care? Let them do whatever the hell they want. I have more important things to worry about in my life than to worry about what some idiot is doing with their mortgage/credit cards.

Fuck 'em!

 

[techs]

I mean people who cannot afford to pay it, and have stopped making payments. Pretty much those looking for their lord and savior Obama to bail them out.

I have no problem with the people who are trying to make their payments instead of ignoring them.

Yes. Absolutely.

When we start jailing corporate executives whose companies go bankrupt we can start jailing individuals who go bankrupt.

And while we are going back to the 1700's with Debtors Prisons lets bring back witch burnings.

 

[amdhunter]

Yes. Absolutely.

When we start jailing corporate executives whose companies go bankrupt we can start jailing individuals who go bankrupt.

And while we are going back to the 1700's with Debtors Prisons lets bring back witch burnings.

See, you get my point perfectly. I would love a debtors prison instituted here in the states.

These jerkoffs in debt will cost the rest of us more in taxes bailing them out, than putting them in jail will.

 

[TecHNooB]

How about a divine being that just vaporizes anyone with huge debt with no intention of ever paying it off?

 

[dbk]

sometimes...debt is needed and healthy

 

[NFS4]

See, you get my point perfectly. I would love a debtors prison instituted here in the states.

These jerkoffs in debt will cost the rest of us more in taxes bailing them out, than putting them in jail will.

Maybe I'm a bit slow, but I think he was being sarcastic... ()

 

[DanDaManJC]

how about sometimes shit happens and people run into some debt?

 

[NFS4]

how about sometimes shit happens and people run into some debt?

It happens all the time. People lose their jobs, lose their health insurance, then BOOM a medical emergency pops up and you have no coverage. What do you do? Put it on a CC because what the *&@^ else are you gonna do?

 

[Numenorean]

So you want me to pay for someone elses debt? Fuck that.

 

[KeithP]

The only problem I see with people in debt is the government getting involved to bail them out.

If companies are stupid enough to loan people money that can't afford to pay it back and people are stupid enough to charge more than they can pay, then that is their problem. It is not the problem of the other tax payers of the United States.

And in bankruptcy everything should be fair game. Primary home, life savings, pensions, etc. Any debt that the borrower can't make good on would be converted to a low interest loan (carried by the credit originating companies, not the government) and paid off by garnishing the deadbeats paycheck.

They may never be able to pay all the money back, but at least they will have a reminder for the rest of their lives about the problems you get into when you live beyond your means.

-KeithP

 

[ScottyB]

Why are so many people on this forum insane? It's like batman left town and all the crazies escaped Arkham.

 

[nerp]

Sounds like you want to live in the former USSR.

 

[AnonymouseUser]

The fractional reserve system actually requires write-offs and bankruptcies in order to balance the system. The fractional reserve system also requires debt to function. It is debt slavery for everyone. Once you understand that you might change your tune.

 

[BudAshes]

It is also a good deterrent.

Yeah, that's why they fill up more and more every day...

 

[sandmanwake]

"...moving debt onto children for Homeowners "

Fuck that, why should a child pay for the poor choices made by his/her parents? Kill the parents and harvest their organs for sale if you must, but holding someone responsible for someone else's debt just because they're related by blood is idiotic.

 

[her209]

1) Jail time for those with Credit Card debt - Yes, I believe anyone who is in serious debt should be given jail time if they want their debt forgiven. Once this becomes a normal practice, the amount of people who abuse their credit cards, knowing that they cannot repay the amount, will decrease dramatically. After jailtime is served (1 year for every 10K in debt) your debt would be waived.

2) Jailtime + moving debt onto children for Homeowners - These people are the best, as they will usually stop payments on purpose in hopes of Obama bailing them out. They should be jailed at a rate of 2 years per $50k in debt, lose the home at auction AND their children or ANY family who lives in the home, would have the debt equally divided among them. They all share in the living of the house, they should all share in the debt. The amount of debt shared among them would be [amount of debt - amount sold at auction = shared debt]

That's my stimulus plan. People in debt piss me off.

Terrible ideas. Also, the whole being put in jail for not paying your debt has been tried before. Ever heard of debtor's prison?