It ends February 1st. (6)
Orzzz: Bidenomics wants us to believe all is rosy. Forget all the thorns. The real pic? People got spoiled or raised spoiled so no way they will cut back. Plus they saved the stimulus cause trapped at home. Now they have gone hog wild spending it.
The media pumped them up on how great the future looked for country going to boom times.
When the savings ran out and vacation still beckoned, the fairs and concerts called and restaurants re-opened, paychecks tried to cover all of it, plus higher prices. Inflation raised it's head. Government wants us to buy, buy, buy and then crab because high demand for products allows companies to raise their prices.
Rents are up, houses are up, gas is up, food is up thanks to controls on food. Now what..well..dip into those CDs, 401 Ks and spend. Have equity in your home, use that to spend. You took all these years to pay down the mortgage..and then turn around and pound it up again. But, hey...that loan is lower interest.
A neighbor lost his house that way. Every time they built equity, they spent it. Til the mortgage was under water and the bank took the house.
No equity..hello credit cards. Spend spend spend.
What is ahead? School and $900 for supplies. What on earth do they buy? New everything? And schools supply stuff including free 3 meals a day.
Hello Christmas. Can't let that go without more spending, borrowing,scraping the bottom of the barrel.
Guess what? The well has run dry. It is now February. Bills have come due. Heating costs have gone up. Gas has gone up. People have been laid off from those tourist trap summer jobs. Sales plummet. More lay offs.
And the reality of Bidendreamnomics shows the truth.
Ain't that the truthThe media pumped them up on how great the future looked for country going to boom times.
When the savings ran out and vacation still beckoned, the fairs and concerts called and restaurants re-opened, paychecks tried to cover all of it, plus higher prices. Inflation raised it's head. Government wants us to buy, buy, buy and then crab because high demand for products allows companies to raise their prices.
Rents are up, houses are up, gas is up, food is up thanks to controls on food. Now what..well..dip into those CDs, 401 Ks and spend. Have equity in your home, use that to spend. You took all these years to pay down the mortgage..and then turn around and pound it up again. But, hey...that loan is lower interest.
A neighbor lost his house that way. Every time they built equity, they spent it. Til the mortgage was under water and the bank took the house.
No equity..hello credit cards. Spend spend spend.
What is ahead? School and $900 for supplies. What on earth do they buy? New everything? And schools supply stuff including free 3 meals a day.
Hello Christmas. Can't let that go without more spending, borrowing,scraping the bottom of the barrel.
Guess what? The well has run dry. It is now February. Bills have come due. Heating costs have gone up. Gas has gone up. People have been laid off from those tourist trap summer jobs. Sales plummet. More lay offs.
And the reality of Bidendreamnomics shows the truth.
Similar picture here in Canada as well. For years a lot of people way over extended themselves by living beyond their means and now reality is crashing down hard. Last I heard which was a while ago, 1 in 5 Canadians were going hungry (missing meals and stuff) because they are so bogged down with the new reality and can't get out of it. Its even worse now than it was when I heard those stats so that number has probably changed.
Track16: Similar picture here in Canada as well. For years a lot of people way over extended themselves by living beyond their means and now reality is crashing down hard. Last I heard which was a while ago, 1 in 5 Canadians were going hungry (missing meals and stuff) because they are so bogged down with the new reality and can't get out of it. Its even worse now than it was when I heard those stats so that number has probably changed.
Therein lies the problem Track. Holidays abroad just because it's warmer, credit card use , Christmas overspending, the list is endless.If you can't afford it don't buy it and in all probability you don't actually need it either.
Numbers on repo cars will be up. More people behind on car loans this month. Average is $750 a month. Who the H can afford 750 a month! My car is an 02, truck is a 76. Payment per month is 0! Of course I just paid cash this summer of about 3000 to almost rebuild the belly parts on the 02, but with 117k on it, she will last now for a few more years. I drive once a month to town or less. Instead of a new car, why not carpet my deck with white wool carpet!
Parents taught me if you can make a monthly payment, save that instead and buy when you have the full amount. No interest. Although I found times when free credit for two years and inflation was driving the price up faster than saving.
I have what I want. Just learned to want cheap things. And at my age..dont need MORE STUFF!
Parents taught me if you can make a monthly payment, save that instead and buy when you have the full amount. No interest. Although I found times when free credit for two years and inflation was driving the price up faster than saving.
I have what I want. Just learned to want cheap things. And at my age..dont need MORE STUFF!
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The media pumped them up on how great the future looked for country going to boom times.
When the savings ran out and vacation still beckoned, the fairs and concerts called and restaurants re-opened, paychecks tried to cover all of it, plus higher prices. Inflation raised it's head. Government wants us to buy, buy, buy and then crab because high demand for products allows companies to raise their prices.
Rents are up, houses are up, gas is up, food is up thanks to controls on food. Now what..well..dip into those CDs, 401 Ks and spend. Have equity in your home, use that to spend. You took all these years to pay down the mortgage..and then turn around and pound it up again. But, hey...that loan is lower interest.
A neighbor lost his house that way. Every time they built equity, they spent it. Til the mortgage was under water and the bank took the house.
No equity..hello credit cards. Spend spend spend.
What is ahead? School and $900 for supplies. What on earth do they buy? New everything?
Hello Christmas. Can't let that go without more spending, borrowing,scraping the bottom of the barrel.
Guess what? The well has run dry. It is now February. Bills have come due. Heating costs have gone up. Gas has gone up. People have been laid off from those tourist trap summer jobs. Sales plummet. More lay offs.
And the reality of Bidendreamnomics shows the truth.