We screwed up. So, what should we have done?

[patientrenter]

[quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.

On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]

kewp, if a hundred million baby boomers want to each have the right to completely retire and then consume a million dollars worth of goods and services, then aren’t we going to have to have all the people who will provide those goods and services indebted to the baby boomers?

[patb]

maybe we could let the Gen X and Gen Y types beat up Baby Boomers.
They are getting old, we can take them

[patb]

maybe we could let the Gen X and Gen Y types beat up Baby Boomers.
They are getting old, we can take them

[patb]

maybe we could let the Gen X and Gen Y types beat up Baby Boomers.
They are getting old, we can take them

[patb]

maybe we could let the Gen X and Gen Y types beat up Baby Boomers.
They are getting old, we can take them

[patb]

maybe we could let the Gen X and Gen Y types beat up Baby Boomers.
They are getting old, we can take them

[barnaby33]

On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal.

I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.

You wouldn’t need enforcement if you just let the bankrupt go bankrupt. Lenders would learn borrowers would learn, few people would suffer, accept those that were born to do so. There is no fix for stupidity.

[barnaby33]

On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal.

I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.

You wouldn’t need enforcement if you just let the bankrupt go bankrupt. Lenders would learn borrowers would learn, few people would suffer, accept those that were born to do so. There is no fix for stupidity.

[barnaby33]

On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal.

I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.

You wouldn’t need enforcement if you just let the bankrupt go bankrupt. Lenders would learn borrowers would learn, few people would suffer, accept those that were born to do so. There is no fix for stupidity.

[barnaby33]

On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal.

I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.

You wouldn’t need enforcement if you just let the bankrupt go bankrupt. Lenders would learn borrowers would learn, few people would suffer, accept those that were born to do so. There is no fix for stupidity.

[barnaby33]

On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal.

I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.

You wouldn’t need enforcement if you just let the bankrupt go bankrupt. Lenders would learn borrowers would learn, few people would suffer, accept those that were born to do so. There is no fix for stupidity.

[kewp]

[quote=barnaby33]
I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.
[/quote]

I’m all for debtors prison. Put the flippers to work on chain gangs. Would do them some good.

Enforcing debt limits will be trivial once we are done socializing the banking system. Secure loans to salaries. No more 500k loans on 50k a year income.

[kewp]

[quote=barnaby33]
I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.
[/quote]

I’m all for debtors prison. Put the flippers to work on chain gangs. Would do them some good.

Enforcing debt limits will be trivial once we are done socializing the banking system. Secure loans to salaries. No more 500k loans on 50k a year income.

[kewp]

[quote=barnaby33]
I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.
[/quote]

I’m all for debtors prison. Put the flippers to work on chain gangs. Would do them some good.

Enforcing debt limits will be trivial once we are done socializing the banking system. Secure loans to salaries. No more 500k loans on 50k a year income.

[kewp]

[quote=barnaby33]
I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.
[/quote]

I’m all for debtors prison. Put the flippers to work on chain gangs. Would do them some good.

Enforcing debt limits will be trivial once we are done socializing the banking system. Secure loans to salaries. No more 500k loans on 50k a year income.

[Author]

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