Personal Loans are "growing like a weed"

[Truth Detector]

Consumers borrow because they don't have wages high enough to participate in the economy.

This is basic economics that you're failing.

No they're not. This is another lie. If wages were up, then borrowing would go down because people would be spending their wages instead of borrowing.

There's a reason every economist warns of debt bubbles.

GDP last quarter: 1.9%

That's "booming"?

[Truth Detector]

Tax cuts result in spending cuts on essential services to close deficits that come from a decline in revenue, which forces consumers to borrow more in order to meet costs.

There has never been a loss of revenue after tax cuts have been passed in the history of the Republic. There was no revenue loss after the Trump tax cuts.

You're a pathological lying buffoon.

[Truth Detector]

They're not pulling back on spending because of the ease by which they can get these unsecured personal loans, moron.
THANKS TO MINIMUM WAGE INCREASES.

In 2019, 19 states raised their MW.

[Micawber]

I never recall a time in my life when people saved up for buying. But it doesnt make it healthy.

Still, what does this have to do with Donald Trump receiving a cow nail gun in the forehead (after due process and lawful conviction of course?)

[anonymoose]

All tax cuts do is cause debt.

That's another lie filled claim dumbass. Prove that tax cuts cause debt.

This guy's a joke. It's like him trying to explain if I earn more money I'll have to borrow more than my increase to keep up. The more he tries to appear smart the dumber he sounds.

[TTQ64]

Consumers borrow because they don't have wages high enough to participate in the economy.

This is basic economics that you're failing.




No they're not. This is another lie. If wages were up, then borrowing would go down because people would be spending their wages instead of borrowing.

There's a reason every economist warns of debt bubbles.




GDP last quarter: 1.9%

That's "booming"?

The real question is why do minorities not have jobs in the first place?

[Sailor]

This guy's a joke. It's like him trying to explain if I earn more money I'll have to borrow more than my increase to keep up. The more he tries to appear smart the dumber he sounds.

Dumb as fuck. Look at what Micabwer posted. Just goes to show liberals have zero financial learning or discipline.

[Truth Detector]

This guy's a joke. It's like him trying to explain if I earn more money I'll have to borrow more than my increase to keep up. The more he tries to appear smart the dumber he sounds.

That is exactly what this moron is trying to say. ON top of that, the stupid fuck thinks the economy is a zero sum game and that the Federal Government has a revenue problem. They don't come much dumber than that.

[Truth Detector]

The real question is why do minorities not have jobs in the first place?

Good grief; calling you a lying moron would be an insult to lying morons.

[anonymoose]

The real question is why do minorities not have jobs in the first place?

So you admit you have no job. Instead of blaming whitey maybe you should look in the mirror. Nobody including blacks wants to be around a miserable excuse making racist like you.

[Into the Night]

Just like what happened after the last Conservative Tax Cut, borrowing ramped up following the tax cut.

So the tax cut did not put more money into people's hands, nor did it raise wages.

Instead, it did what it always does; increases debt.

Consumers are going deeper into debt using personal loans
All three credit agencies report double-digit growth in these unsecured loans
In addition to student loans and credit cards, personal loans have now become something of concern to economists. Consumers have used these unsecured loans to go on a spending spree lately.
...deleted fake news...

The debt to income ration of person debt in the United States is about 1.74. That hasn't changed much during the entire time of the Trump administration.

People getting in trouble with personal loans (credit cards and the like) comes and goes. It has nothing to do with tax cuts or tax increases.

[anonymoose]

Dumb as fuck. Look at what Micabwer posted.

I always enjoy McSlawber's posts. They make absolutely no sense but I find the senselessness somewhat humorous. It's kinda like watching my cat chase a laser light around the floor.

[Into the Night]

All tax cuts do is cause debt.

Tax cuts are not a payment or a debt.

That's why they're Conservative policy.

Good for them.

Conservatives deliberately manufacture budget crises with their tax cuts,

Tax cuts aren't a payment or a debt. They are incapable of manufacturing any crisis except in government overspending. There should be a crisis there.

then use those crises as an excuse to extract punitive spending cuts on those they sanctimoniously judge.

No program in the federal government has been cut. That's the problem. They are spending far too much on unconstitutional programs.

Meanwhile, the GOP and Trump just spent $30B buying the votes of farmer trash whose businesses they ruined with their Trade War.

Nope. Trump didn't buy a single vote.

[TTQ64]

You can always tell when racist white men get called out and slapped with the truth........they come out in droves and attack the OP. tee hee hee......keep kicking their ass LV462

[Into the Night]

I never recall a time in my life when people saved up for buying. But it doesnt make it healthy.

Still, what does this have to do with Donald Trump receiving a cow nail gun in the forehead (after due process and lawful conviction of course?)

For what crime?