Mortgage, Car Payments, Credit Cards, Keeping up With the Jones' constant evaluation of brand names has all this led the American consumer to bite more than she could chew? The average citizen is three months of unemployment away from bankruptcy with a negative savings rate? Can they truly afford to protest or miss a day at work?
2007-02-14 03:54:30 · 13 answers · asked by Kaliyug Ka Plato 3 in News & Events ➔ Current Events
If you see more thoroughly every country at its height of power goes through this same phase. Soon India will follow. People are already buying 2 cars per household, not everyone is rich I agree, but how do they do it. Taking loans, then when they buy their houses in cities, where the prices are skyrocketing everyday, they have to take loans. If they keep taking money to buy new things, soon people will be in debt. Like in U.S and they will cut down their spending power to get out of debt eventually. Yes U.S is in Debt but it has the money to get out.
The average citizen is not in three months of unemployment away from bankruptcy with a negative savings rate. Because not everyone puts their money in the bank, they invest in buying land, in the stock exchange and in bonds. Now India is getting rich, and I have seen just about everyone there with a cell phone in one hand and a credit card in the other, so soon if people are not cautious they will be debt and hate their fast plastic cash money. Your points are somewhat true, but a bit exaggerated, this goes in ever country, but “The average citizen is three months of unemployment away from bankruptcy with a negative savings rate” this is false. In addition, there are no protests going on. If people do miss work here to protest, the companies they work for can easily fire them, cause they are not productive for them. Yes people in the U.S have more freedom of speech than in India.
2007-02-14 04:19:48 · answer #1 · answered by CoolRunner3000 2 · 0⤊ 0⤋
Please explain how our economy could work without debt. Can you afford a house, car, tuition all on cash?
More importantly, how does this tie into freedom of speech?
Are you even an American? Do you actually know what you are talking about?
btw Paul B = Anyone who pays for everything in cash is not financial savy. If you really were finincailly smart, you would see the benefits of borrowing.
2007-02-14 12:05:37 · answer #2 · answered by Marcus S 3 · 2⤊ 0⤋
Have you spoken to any Americans? Believe me, freedom of speech is alive and well in America. We perhaps have more civilized means of protesting and making our opinions known than to rush out into the streets burning straw dummies and shooting guns into the air like third-world morons. In addition to that, most Americans have it pretty good, roof over the head, food in the belly, transportation, entertainment, etc. Why protest if you are happy and productive and comfortable?
2007-02-14 12:00:00 · answer #3 · answered by martinmagini 6 · 2⤊ 0⤋
Debt and free speech. Apples and Oranges. They are all two different things and not dependent on each other. Americans are free to say whatever they want for the most part.
Whether they are rich or poor, it doesn't matter. Look into our history and you will see that the poor and down-trodden are often the most vocal. God Bless America.
2007-02-14 12:09:23 · answer #4 · answered by Fordman 7 · 2⤊ 0⤋
There are some smart people. I know a man who has incurred debt, run a business, paid himself well and then legitimately under the law declared bankruptcy three times!
2007-02-14 12:11:39 · answer #5 · answered by tiaburkeangry 1 · 1⤊ 0⤋
What does being debt-ridden have to do with Freedom of Speech? Nothing.
2007-02-14 12:55:53 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Actually, I have zero debt other than my mortgage and a huge portfolio for retirement. I don't need to rely on Government to bail me out either or for that matter SS when I retire...I have made my own way.
2007-02-14 12:00:25 · answer #7 · answered by Anonymous · 1⤊ 0⤋
No - being in debt has absolutely nothing to do with losing our freedom of speech.
All this debt only goes to show you how stupid and ignorant Americans really are!
And of course they proved this beyound a doubt when they voted for George W. Bush in 2000 and again in 2004!
2007-02-14 12:02:17 · answer #8 · answered by Anonymous · 0⤊ 2⤋
How is being in debt limiting free speech? That just doesn't make sense.
2007-02-14 11:57:41 · answer #9 · answered by Anonymous · 2⤊ 1⤋
this people r r more over protected by thier govt. but truth naver comes out as they feel that they r special and above all,but one day they wil realise may not too far.......
2007-02-14 11:59:30 · answer #10 · answered by sandip j 1 · 0⤊ 0⤋