Bluerauder
01-05-2013, 05:51 AM
The “Typical” American Family
In the run-up to the administration’s negotiations regarding the “Fiscal Cliff”, President Obama and 26 members of the White House staff visited a typical American Family on 6 December 2012. The visit was prompted by a short E-mail paragraph about how a $2,000 tax increase would devastate the family and cause them to be one month short on their rent for the year. “Heartbreaking”. The Prez wanted to demonstrate that people who were “Playing by the Rules” and “Doing Everything Right” were going to be terribly hurt if the tax rates reverted due to the inaction on the Fiscal Cliff. So far, so good.
Turns out that the White House staff didn’t do their homework very well. Seems this typical American family went over the fiscal cliff several years ago on their own without any help. See if you can draw any parallels between this family’s situation and Government spending.
The family of four is living in an illegal basement apartment and has been notified by the county that it does not meet safety code for windows in bedrooms and two exits in the event of an emergency. They face eviction. For $2,000 per month, they might have been able to find a pretty nice “legal” place.
They lost their prior $450,000 home to foreclosure last year and moved to one of the highest priced areas in the nation. How does a school teacher and a dealership car porter even consider living in a $ ½ Million home? :dunno:
They had run up $500,000 in debt on 18 credit cards, car loans, and student loans. After filing bankrupty a payment schedule was arranged where they would pay down their debt for 20 cents on the dollar. Of course, the credit companies did this out of the goodness of their heart so their $400,000 loss WILL NOT be passed on to other customers in the form of higher interest rates. :rolleyes:
Turns out that they have filed for Bankruptcy, three (3) times in the past 15 years. How the hell does anyone run up $1 Million in Debt (including the home mortgage and credit cards) with a financial history like that?
Typical American Family …. I certainly hope NOT !!! But they might be qualified to be the Secretary of the Treasury because that is EXACTLY the way the Government is managing their budget ON YOUR DIME. Living like a king while drawing blue collar pay. Must be nice work if you can get it.
“Played by the Rules” and “Did Everything Right” …… who the hell is he kidding??
Think about it !!!
In the run-up to the administration’s negotiations regarding the “Fiscal Cliff”, President Obama and 26 members of the White House staff visited a typical American Family on 6 December 2012. The visit was prompted by a short E-mail paragraph about how a $2,000 tax increase would devastate the family and cause them to be one month short on their rent for the year. “Heartbreaking”. The Prez wanted to demonstrate that people who were “Playing by the Rules” and “Doing Everything Right” were going to be terribly hurt if the tax rates reverted due to the inaction on the Fiscal Cliff. So far, so good.
Turns out that the White House staff didn’t do their homework very well. Seems this typical American family went over the fiscal cliff several years ago on their own without any help. See if you can draw any parallels between this family’s situation and Government spending.
The family of four is living in an illegal basement apartment and has been notified by the county that it does not meet safety code for windows in bedrooms and two exits in the event of an emergency. They face eviction. For $2,000 per month, they might have been able to find a pretty nice “legal” place.
They lost their prior $450,000 home to foreclosure last year and moved to one of the highest priced areas in the nation. How does a school teacher and a dealership car porter even consider living in a $ ½ Million home? :dunno:
They had run up $500,000 in debt on 18 credit cards, car loans, and student loans. After filing bankrupty a payment schedule was arranged where they would pay down their debt for 20 cents on the dollar. Of course, the credit companies did this out of the goodness of their heart so their $400,000 loss WILL NOT be passed on to other customers in the form of higher interest rates. :rolleyes:
Turns out that they have filed for Bankruptcy, three (3) times in the past 15 years. How the hell does anyone run up $1 Million in Debt (including the home mortgage and credit cards) with a financial history like that?
Typical American Family …. I certainly hope NOT !!! But they might be qualified to be the Secretary of the Treasury because that is EXACTLY the way the Government is managing their budget ON YOUR DIME. Living like a king while drawing blue collar pay. Must be nice work if you can get it.
“Played by the Rules” and “Did Everything Right” …… who the hell is he kidding??
Think about it !!!