The chips are in.
Every three years, the Federal Reserve, in its Survey of Consumer Finances, takes a look at how U.S. households are doing and reports on our assets and liabilities. The euphoria of our gambling spree is over. In the harsh glare of morning, the hangover is tough. And the latest data are from 2007, so they don’t even capture the worst of the decline.
The net worth of the average American family is less than it was in 2001. We borrowed more for that trip to Vegas than we brought home. Everyone knows this now.
lets stop this crying liberal stuff and deal with reality.
blacks are 13% of the population,In most high schools blacks have more drop outs than any other race,because they chose to. Black parents cry the teachers and schools are no good, but its amazing that other blacks and other races that stay in the same class learn and graduate, go on to learn a trade with good earnings, build their own businesses or go on to collage from that same (so called) bad school with (so called) bad teachers. while the drop outs deal drugs & crime. Our jails have 90% black uneducated inmates, blacks kill more blacks than any other race and have more teen pregnencies and abandoned single uneducated mothers on welfare breeding more uneducated blacks than any other race. Then the Dem, hire co like ACORN to round them all up to vote DEM promising them homes with mortages up to $500.00 with no interest for the first five years and they still go bankrupt. Who picks up the tab for welfare breeding, the massive cost of jails and mortages they could never pay for, the white and black and all the other taxpayers whoe chose to learn in school, worked hard and took advantage of opportunities. When it comes to hand outs by the govenment the working class gets nothing, and the Dems fill their own pockets with bribes disguised as re,ellection donations, and these now millionaire DEM dirt bags are all afflicted
with the melinda marcos system ( only little people pay taxes).
Here’s a bit of Harvard math to explain the problem. A house costs 100K, but a crook charges 300K for it in a bad contract that you don’t see. The rate changes and the crook doesn’t want the house because he knows it’s not worth 300K but he got 300K and dumped the mortgage on some sucker. The crook gets away with 200K and the government doesn’t go after the crook. Now, the NAACP swoops in to rescue the homeowner and buys the house for 100K but the government still has the price listed with a debt of 300K. If the house was never worth 300K why does the government want the house still listed for 300K? They collect more taxes. Keeping somebody in a house that is overpriced is easy. Why not catch the crooks and get our money back? No that’s hard. The government also gave those crooks a big fat bonus check. That’s the problem. That’s why Blacks are broke. We know stealing on this level is a crime that we could never get away with.