“We need a reset, a default.”
Great. I’m not paying for your loans unless you’re my wife. I already de-leveraged long ago. My whole family has, and is working on de-leveraging.
By the time we are finished, we’ll have a house free and clear and enough cars for everyone, all paid off and free and clear. We are getting there. 2 more cars and the house, and then we’ll be done.
“Then our politicians, and those who don’t want to be productive, will have to figure out the hard facts of life, finally.”
Not on the backs of the folks who de-leveraged you don’t. What am I to think if you push debt amnesty? I spent 4 years of my life working and waiting and saving because I wanted to avoid debt.
“Until then, yes, we do, and have been, paying for other people’s irresponsibility, for many years now.”
I have a choice, you can’t force me to pay a dime. Let’s make a deal here. You hire me and I’ll help you pay your loans off by making you money.
Or don’t hire me and leave me alone. Why are you making me pay for bills I never incurred and cannot afford to pay?
I am in the same boat with you. We all are.
We own all our cars, and we are working to pay off the house. My daughter will NOT get ANY student loans, EVER. We are doing what we can to deleverage as well.
I only mentioned default. The whole country needs to default. The debt can NOT be repaid. It is a NATIONAL DEBT. We were both BORN with this system in place. That is what taxes are for. To pay the NATIONAL DEBT. The IRS has been making you pay and will continue to make you pay. I don’t want your money. You keep it, you are absolutely correct on that.
I am only pointing out the painful truth. It is not what any of us have planned for. We are not going to be able to grow out of this. Where are the jobs? Young people in debt BEFORE they can get a job? More and more people on welfare? With a coming housing implosion due to gas going up again? Case-Shiller starting to dip again? Does this sound like we are going to recover any time soon?
NO. I am sorry. Me and my hubby are stuck too. We have no chance of ever getting back a fraction of what we paid in. NEVER. I have made my peace with that.
Soon, when the dollar does crash, we all will.