Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-14-2008, 08:09 PM
 
Location: Raleigh, NC
9,059 posts, read 12,971,196 times
Reputation: 1401

Advertisements

Quote:
Originally Posted by TuborgP View Post
Hmmmm most Americans have?

A. 200K stashed away for college for their kids. Yup those who can afford to do and listen to their financial advisor.

B. Carry 225K on their credit cards? Hmmm not sure if most who can afford to do but I will take your word that it is more common?

However which is more consistant with sound financial management and which would your financial advisor establish as a goal to be met first?

Not sure if college tuition is a need of the McCain's not sure how old their adopted daughter is.
Don't you understand. This is the NEW economy, where debt should be embraced and savings should be demonized. Saving money is socialist.

Uncle Ben's been nice enough to enforce this vis-a-vis inflation.
Reply With Quote Quick reply to this message

 
Old 06-14-2008, 08:14 PM
 
8,726 posts, read 7,413,224 times
Reputation: 12612
Debt can be good, it can be great.

Who cares how much debt they have, as long as they are paying on it and not stiffing people, does it matter?

I am sure there have been people in congress and even Bush himself that their personal finances have nothing to do with the way they manage the governments. Bush is a millionaire, but he spends the tax payers money like a drunk sailor.
Reply With Quote Quick reply to this message
 
Old 06-14-2008, 08:17 PM
 
31,683 posts, read 41,040,852 times
Reputation: 14434
Quote:
Originally Posted by ViewFromThePeak View Post
Don't you understand. This is the NEW economy, where debt should be embraced and savings should be demonized. Saving money is socialist.

Uncle Ben's been nice enough to enforce this vis-a-vis inflation.
Then McCain is the candidate for today and moving forward into the future. He can't raise money and now the management and avoidance of personal debt is under discussion just the type of guy you can into their eyes and see Joe Average American. Silly Obama writes a book makes money and invests in his children's future. NoBama for this country what kind of foolishness is that. The elitist.
Reply With Quote Quick reply to this message
 
Old 06-14-2008, 08:18 PM
 
31,683 posts, read 41,040,852 times
Reputation: 14434
Quote:
Originally Posted by ViewFromThePeak View Post
Point taken. I guess the story read that the debt was tagged with that interest rate. One would need to confirm whether this is true or not
Point made but why did it get tagged at such a high rate and why accept it and not get a lower rate card?
Reply With Quote Quick reply to this message
 
Old 06-14-2008, 08:23 PM
 
31,683 posts, read 41,040,852 times
Reputation: 14434
Consumer complaints about Advanta

Rate may not be a reflection of them but the practices of the company. Especially BOA from another article not linked.
Reply With Quote Quick reply to this message
 
Old 06-14-2008, 08:35 PM
 
31,683 posts, read 41,040,852 times
Reputation: 14434
Did some research and this story is getting some legs to it. Seems as though answers are in their May 15 disclosure statement. You really need to sort through the google links as many of the articles come with their own twist (surprise). This one from Huffington which is not a we love McCain site does have a link to part of their May statement.
Ready To Laugh At McCain Family Debt? Not So Fast ... - Politics on The Huffington Post

According to the May 15, 2008 disclosure form, though, during 2007 Cindy McCain originated an individual debt of between $250,000 and $500,000 with a zero-percent interest AmEx that was still not paid off by the time of the time of that filing.

[Click here to see page 18 from May disclosure form.]

This is the link to the Google search result.

May 15 cindy mccain american express debt - Google Search
Reply With Quote Quick reply to this message
 
Old 06-14-2008, 08:45 PM
 
Location: San Antonio North
4,147 posts, read 8,002,235 times
Reputation: 1010
Wow and has gotten this stupid!

They are worth MILLIONS and they like to pay with credit cards and not cash.

As for Obama good for him as it seems he can manage his money that is a lot easier to do than to manage other peoples money. BTW congress is in charge so what is the point here?
Reply With Quote Quick reply to this message
 
Old 06-14-2008, 08:46 PM
 
Location: Sacramento
14,044 posts, read 27,219,039 times
Reputation: 7373
Quote:
Originally Posted by fopt65 View Post
200K in college accounts 1.5 Million dollar brownstone. I guess Obama isn't as "working class" as he claims he is.
Yeah, so much for identifying with the common man. No wonder so many blue collar workers are "bitter".
Reply With Quote Quick reply to this message
 
Old 06-14-2008, 08:52 PM
 
Location: Raleigh, NC
9,059 posts, read 12,971,196 times
Reputation: 1401
Quote:
Originally Posted by NewToCA View Post
Yeah, so much for identifying with the common man. No wonder so many blue collar workers are "bitter".
I'm a common person and have a comparable amount of assets to Obama and unlike McCain I don't have debt. I just invested wisely, that's all. I own guns and believe in God. Then again, I don't support Obama.
Reply With Quote Quick reply to this message
 
Old 06-14-2008, 08:53 PM
 
Location: Raleigh, NC
9,059 posts, read 12,971,196 times
Reputation: 1401
Quote:
Originally Posted by ryneone View Post
Wow and has gotten this stupid!

They are worth MILLIONS and they like to pay with credit cards and not cash.

As for Obama good for him as it seems he can manage his money that is a lot easier to do than to manage other peoples money. BTW congress is in charge so what is the point here?
This just goes in line with "zero fed rate" talk and his ignorance on economics, plus the unAmerican seditous lobbyist Phil Gramm within his inner circle.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top