With all this hype by the NY Times on Trump debt....I just sat there looking at the landscape.
According to factual data....$1.6-trillion is now owed on college debt in America. The average is around $37k for each college-debt holder. Some folks will grin and remarkably admit....they owe near $90k at age 22, and their degree in animal husbandry won't ever gain them more than $40k a year in earned income.
How about debt on credit cards? I worked with a ex-Marine who had near $80k in credit card debt. Her end-result? She ended up doing two years of Iraqi-contractor duty to erase that down to zero.
How about the idiots who buy a $300k house, with only a $25k down-payment?
What about the couple who goes out to buy a $17k speed-boat, and $180 monthly for the next five years....to pay off the boat?
What about the idiot guy who buys a $140k RV and two-thirds of this is financed as a long-term loan?
While stationed at Bitburg Air Base, I worked around a young airman who financed a brand new Ford Mustang, and for a two-year period, 60-percent of his take-home pay was going to the car loan.
While stationed in Tucson, AZ....I worked in a unit that a young lady went to the bank and financed a $30k wedding 'experience', and was saddled with this debt on day one of couple-status....not telling the guy until three months later.
The problem here with the NY Times trying to get people hyped-up on Trump's debt....they have missed the bigger picture of the entire nation.
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