This seems like it could be a major theme of the U.S. economy.
“Buy Now, Pay Later!”
And then…
“Foreclosure”
You can’t borrow infinitely.
It eventually has to be repaid.
Where will the money come from?
Print more.
Worth less! 😉
(Credit Photo: Andy Blumenthal)
Eleven minute walk along Fort Lauderdale Beach.
Crazy during Spring Break!
This country in between crises letting off steam amidst:
– Multitude inner city shootings
– Racism and violent riots
– Anarchy at the Capitol
– Our sovereign borders being overrun
– Chaotic Covid pandemic
– Ridiculously out-of-control spiraling national debt
– Deteriorating relations with superpowers Russia and China
– Nuclear escalations with Iran and North Korea
– Another horrible election
Who will save this country from itself? 😉
(Credit Video: Andy Blumenthal)
Wow, what a vibrant fashion display of color at Macy’s!
This is bold.
This is fun.
This is exciting.
This is alive.
We’re coming from the Covid dead back to the pre-pandemic life!
Take out your stimulus checks and get ready to spend.
There is still hope for humankind. 😉
(Credit Photo: Andy Blumenthal)
School is supposed to help teach our children.
Unfortunately, the education system here starts out dumb from the get-go!
As the WSJ today reports, $400 billion out of a $1.4 trillion educational loan portfolio is likely uncollectible.
That’s almost 30% bad debt!
But what is unforgivable is that they system is geared towards crappy lending practices.
As per a former head of the Congressional Budget Office (CBO):
“We make no attempt to evaluate the quality of the borrower, the ability to repay, the effectiveness of the loans…[so] the taxpayer ends up picking up the tab.”
Is that fair to all the responsible students and families that pay for their education and repay their student loans?
This systems is so broken, and on top of it yet we want to forgive more student debt all together and teach our children to be deadbeats!
It seems like this education system can’t teach anything of value except how to play an already broken system! 😉
(Credit Photo: Andy Blumenthal)
