Monday, September 12, 2005

Debt and the Middle Class

Here is an interesting article examining bankruptcy in the middle class and the idea that people who declare bankruptcy do so to avoid paying the debt for their extravangant lifestyles.


At 8:53 PM , Blogger EEP said...

Good article! Thanks for the posting of it.

At 4:12 AM , Blogger pacatrue said...


At 11:49 AM , Anonymous Anonymous said...

*very* interesting, and brought up some points I wasn't aware of. Thanks for posting!


At 10:37 PM , Blogger pacatrue said...

Upon later reflection, I guess it says something that should be obvious. When the infrastructure that is communal crumbles - for instance, the schools - then we each individually end up paying for ourselves without the support of others. We have to make up what we lost by moving off to private schools and the suburbs.


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