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re: Credit Card Debt Jumps Most in 20 Years as Inflation Soars

Posted on 8/2/22 at 12:43 pm to
Posted by Rebel
Graceland
Member since Jan 2005
131305 posts
Posted on 8/2/22 at 12:43 pm to
quote:

ronricks


you're a dingus.

quote:

None of those things require a credit card


for some it does, especially with this high arse inflation.

explain why cc debt is soaring under Biden but didn't under Trump?
Posted by BeerSlayer
Member since Jul 2021
189 posts
Posted on 8/2/22 at 12:43 pm to
quote:

t's almost if trying to blame a 'stolen election' for people running up credit cards (which isn't anything new) is idiotic.


That election was stolen for the purpose of installing a puppet and ruining our economy. People are draining what little savings they have and running up cc debt to pay for the increased cost of living.

What happens when savings are drained and cc’s maxed out?

This is intentional.
Posted by The Maj
Member since Sep 2016
27067 posts
Posted on 8/2/22 at 12:45 pm to
quote:

There are plenty of things you can blame him for but credit card usage which is a choice isn't one of them.


Good grief kid...

Has Joe Biden presided over massive inflation over a relatively short period of time?

Have things like gas and food increased in some cases close to 50%?

Do you think that over a very short period of time, that there might be those that have no other option than to rely on a credit card for necessities?

Congrats on your wonderful life (which I imagine is in your mother's basement) but this economy has managed to drive credit card usage way up in a very short period of time...
Posted by ronricks
Member since Mar 2021
6395 posts
Posted on 8/2/22 at 12:46 pm to
quote:

explain why cc debt is soaring under Biden but didn't under Trump?



Is this real life? Credit Card debt/usage has always existed. Always will exist no matter who the President is. Half you idiots run out and buy brand new $60,000 trucks (that you don't need) financed for 96 months and are trying to blame Biden for credit card usage


Lord have mercy at this place.
Posted by Langland
Trumplandia
Member since Apr 2014
15382 posts
Posted on 8/2/22 at 12:48 pm to
Bankruptcies incoming.
Posted by Rebel
Graceland
Member since Jan 2005
131305 posts
Posted on 8/2/22 at 12:48 pm to
quote:

Is this real life?


see my above post about you being a dingus.

quote:

Credit Card debt/usage has always existed. Always will exist no matter who the President is


Credit Card Debt Jumps Most in 20 Years as Inflation Soars.

Why is CC debt rising so much now?

Posted by ronricks
Member since Mar 2021
6395 posts
Posted on 8/2/22 at 12:52 pm to
quote:

Good grief kid...

I'm a responsible adult which is why I don't have a shite ton of credit card debt I can't pay back. Nor do I have a $60,000 truck on an 80 month note or a swimming pool I can't afford.
quote:

Has Joe Biden presided over massive inflation over a relatively short period of time?


How old are you? Inflation isn't anything new. And you were calling me a 'kid'? Is this your first economic downturn or something?
quote:

Have things like gas and food increased in some cases close to 50%?

Yes. And guess what? If I can't afford something at the grocery store I just pivot and buy something cheaper. Is that unrealistic or are we all entitled to Porterhouses and Lobster tail every night?
quote:

Do you think that over a very short period of time, that there might be those that have no other option than to rely on a credit card for necessities?

I would certainly look at making changes and exhausting all other options first before running up my credit cards. JOe Biden isn't forcing anyone to use their credit card.
quote:

Congrats on your wonderful life (which I imagine is in your mother's basement) but this economy has managed to drive credit card usage way up in a very short period of time...

I just live within my means. It's not hard. I'm not entitled to shite.

This post was edited on 8/2/22 at 12:53 pm
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
68272 posts
Posted on 8/2/22 at 12:53 pm to
quote:

You aren't entitled cheap gasoline or food. There's always beans and rice.


OK, but 2 years ago people weren't forced to eat beams and rice.

Hence, the election changed the way people live

Thanks for proving the point
Posted by ronricks
Member since Mar 2021
6395 posts
Posted on 8/2/22 at 12:54 pm to
quote:

Why is CC debt rising so much now?

Why was it so high 20 years ago? I think you answered your own question. Who was president 20 years ago? Was he directly responsible for the high credit card usage?
Posted by EasterEgg
New Orleans Metro
Member since Sep 2018
4810 posts
Posted on 8/2/22 at 12:55 pm to
quote:

I'm not one of these idiots who buys things on credit that I can't afford to pay back. A 'stolen election' has no bearing on any of this.

Bruh... take your head out your arse long enough and you might be able to deduce that "stolen elections have consequences" when said in the context of OP's post means that the alleged stolen election is the direct driver of the rapid inflation we're experiencing. And I know this next part is where you're lagging behind, but inflation is what is causing many Americans to use credit. You see, there are many people who live month to month and make a pretty fixed salary/wage. Thus, when things start costing more suddenly they fall behind and have to rely on credit. There's the explanation I would give the a-hole kid in my son's 3rd grade class.
Posted by EasterEgg
New Orleans Metro
Member since Sep 2018
4810 posts
Posted on 8/2/22 at 12:55 pm to
quote:

I'm not one of these idiots who buys things on credit that I can't afford to pay back. A 'stolen election' has no bearing on any of this.

Bruh... take your head out your arse long enough and you might be able to deduce that "stolen elections have consequences" when said in the context of OP's post means that the alleged stolen election is the direct driver of the rapid inflation we're experiencing. And I know this next part is where you're lagging behind, but inflation is what is causing many Americans to use credit. You see, there are many people who live month to month and make a pretty fixed salary/wage. Thus, when things start costing more suddenly they fall behind and have to rely on credit. There's the explanation I would give the a-hole kid in my son's 3rd grade class.
Posted by ronricks
Member since Mar 2021
6395 posts
Posted on 8/2/22 at 12:56 pm to
quote:

Hence, the election changed the way people live


Has it? I guess if you don't live within your means it certainly will which would be the case under ANY President.
Posted by The Maj
Member since Sep 2016
27067 posts
Posted on 8/2/22 at 12:58 pm to
quote:

I just live within my means. It's not hard. I'm not entitled to shite.


Your inability to grasp the concept of this thread makes me question if you reside outside of an institution...

You act like a kid and project yourself as a kid...

All of your arguments have absolutely NOTHING to do with the fact that credit card usage has gone up significantly in an economy that Joe Biden has had a big part in creating...
Posted by ronricks
Member since Mar 2021
6395 posts
Posted on 8/2/22 at 1:00 pm to
quote:

There's the explanation I would give the a-hole kid in my son's 3rd grade class.


And my explanation to you is these people need to adjust and make changes in their lives instead of running up credit cards they can't pay for. Anyone who isn't literally a kid this isn't their first rodeo with inflation, a recession, or an idiot as President. This is nothing new. Americans are their own worst enemy thinking they are entitled to cheap everything all the time.
Posted by Tigersonfire
Pville
Member since Oct 2018
3027 posts
Posted on 8/2/22 at 1:01 pm to
quote:

OK. I've thought about it. A stolen election has no bearing on me swiping my credit card.


MY CREDIT CARD. What an uncaring don’t give a frick statement made by a selfish liberal. Everytime they talk they show it’s all fake they just hate trump and for the first time in their lives they won at something, although it’s not real. Go ask a single mom living on one income that’s on the verge of losing everything having to put food bills and such on credit cards just to live. The same credit cards that two years ago she was paying down. Now because of idiots like you who a guy out not only his policies but because he was mean on Twitter.
Posted by Rebel
Graceland
Member since Jan 2005
131305 posts
Posted on 8/2/22 at 1:01 pm to
quote:

I just live within my means. It's not hard. I'm not entitled to shite.


the overall state of the economy isn't about just you. but it will affect you once people start defaulting on loans. you are very near sided.
Posted by Cromulent
Down the Bayou
Member since Oct 2016
2797 posts
Posted on 8/2/22 at 1:02 pm to
Condescending and a narcissist. Then why are you here with such a high level of intelligence?
Good riddins Ron.
Posted by Nosevens
Member since Apr 2019
10265 posts
Posted on 8/2/22 at 1:03 pm to
Banks reaping their profits on interest. They are not crying yet .
Posted by ronricks
Member since Mar 2021
6395 posts
Posted on 8/2/22 at 1:03 pm to
quote:

Your inability to grasp the concept of this thread makes me question if you reside outside of an institution...

You keep saying this but I get the feeling this is your first time experiencing something like this. I've been through this before. I dealt with it. Nobody on here is entitled to cheap goods and services all the time.
quote:

You act like a kid and project yourself as a kid...

How many recessions or inflationary periods have you been through? Doesn't sound like many by the way you are acting.
quote:

All of your arguments have absolutely NOTHING to do with the fact that credit card usage has gone up significantly in an economy that Joe Biden has had a big part in creating...

Nobody is forced to use their credit card by Joe Biden or his Administration. It is a choice and one that should be at the end of the line not the first. Do you understand this?
Posted by Cromulent
Down the Bayou
Member since Oct 2016
2797 posts
Posted on 8/2/22 at 1:04 pm to
DU wants you back Ron and it appears everyone here wants you to go back. You are nothing but a troll.
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