Re: Debt (Was: How much is a FICO score worth?)

In article <qf3Zj.751$JI2.662@[EMAIL PROTECTED]
>, 
honda.lioness@[EMAIL PROTECTED]
 says...
> "Mark Bole" <makbo@[EMAIL PROTECTED]
> wrote
> > Advising people to avoid debt is just about as un-American 
> > as telling people to drive less, or commit fewer crimes --  
> > the ripple effects would cause our economy would go into a 
> > tailspin! (said only slightly tongue-in-cheek)


> I do agree it is American to tell people to take on debt. 
> Use your house as an Automatic Teller Machine and all, sure. 
> This is not something to celebrate. From the little guy to 
> big banking houses, debt is why our economy currently is in 
> a tailspin. Or do you dispute there has been a credit crisis 
> at all levels lately?
> 
> Seventy-three percent of this country has no bachelor's 
> degree. Those that do have one are still typically math and 
> financially illiterate. Taking on no debt is the best 
> prescription the majority can get for living a stress-free 
> life.


Yeah-but... If other people don't run up debts, then how is the 
bank going to pay me interest on my savings account?

And, if everybody else gets a university degree, then how I am I 
going to rise above the herd by getting one myself?

And, if they all work to become literate (in both text and 
numbers), then how am I going to be (and look) more cool and 
together than them?

And, if everybody else started exercising and eating properly 
(and keeping their weight under control), then how am I going to 
continue being more attractive than them?

Etc, etc...

 
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