Quote:
Originally posted by cthulu23
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.
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.
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It only obfuscates it if you have no idea how to read it. Yep you're right cthulu23 it's me that's ducking the truth. I stand behind everything I've stated. Nowhere did I say rising bankruptcies weren't happening I said they weren't a problem for the economy because they are relatively small.
You ignore everything I've said because it doesn't fit your theories. Theories which are based on little to no knowledge of the facts as demonstrated by your single piece of evidence pointing to how much worse off the average worker is. It's truly a shame that piece of evidence was proved not to support your case.
If bankruptcies were a problem for the economy where do you think the cost of credit would be? After all, anytime banks lose money they have to make it up by charging more right?
Nah, nevermind. I forgot that facts are inconsequential. As far as showing you earlier posts that prove that you're wrong, you were right there all along so you know exactly where they are. You simply choose to ignore them. The simple "show me" fact is that the "real wages" you were clinging so closely to under estimate the earnings of the people you claim are being hurt the most.
Feel free to provide evidence that I am wrong. Point to increasing costs of credit, more difficulty in obtaining mortgages or loans of any sort. It isn't happening. And that's exactly what would be happening if bankruptcies were as widespread as you seem to think. 1.6 million bankruptcies out of what 180 or so million consumers? Yep quite the economic problem there.