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Originally posted by onetime2
Bankruptcies are far from a huge problem at this point and the statistics you quote are from 1996. Is there growing abuse within the bankruptcy system? Absolutely and these "fake" bankruptcies need to be factored out of the "real" bankruptcies. But why bother with making them applicable to the argument at hand, right?
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Is it more reasonable to believe that the rise in bankruptcies is wholly due to "abuses" of the system and have nothing to do with rising debt or the negative savings rate of many Americans?
The graph that you show is the percent change in bankruptcy filings from the previous year...here's a bar graph that's a little easier to understand at a glance. It shows the linear rate of growth for non-business bankruptcy filings from 1993-2001:
Wow, they've doubled. Your graph probably states the same thing, but it's form obfuscates the data.
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Thank you for proving my earlier point about real economic analysis being a waste of time given the audience. You have no desire to learn the truth, you only want to prop up the poorly thought out economic "truths" du jour.
I suspect we have nothing more to talk about as you scream for evidence before you will believe something which has been clearly laid out yet you were perfectly willing to go along with your own evidence which was proven to be inaccurate.
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You speak of "holes" in my "laughable" ideas, yet you have provided little more than anecdotal evidence and a graph that shows the increase in bankruptcy rates...who is ducking the "truth" here? Calling my evidence untrue is hardly proof. Maybe I'm from Missouri.....show me I'm wrong. Hell, show me the earlier posts that disprove what I say. I'm more than willing to confront my own stupidity. My wife does it to me all the time.