Whatever driving they are doing, it is clearly not helping people living in debt because they do not even earn enough to live paycheck-to-paycheck, or the people living on the street because they do not have the ability to live in debt.
The problem is the people screwed themselves in the ass big time.
Way back when when the US was the TOP DOG in just about every industry because every other industry in the world has been reduced to rubble by the Ware things could not have been better. As Things in the world stabilized and the US wasent running a monopoly any more living standards started to decline but none wanted to cut back so allong came the solution just borrow money till you get back on your feet slowly but surly you got yourselves in to so much debt that you could not see out of it and the standard situation got worse and worse. Your countries laws and guidelines about borrowing dint help either and just when moste was pulling the last penny out of their socks to eat the economy crashed and now your complaining why dint the guys in charge do anything to prevent this.
Thing is noone was thinking because you all wanted to live the good life the rich the middle class and the rest.
Every sane country has laws and guidelines to prevent stupid people to fall in such debt.
some examples from my country.
You cant get a lone if if your paying back your previous lones already exceed 33% of your monthly salary.
Max intrest rate is 200% or dubble the average intrest rate witch is reported by the national bank.
And other similar laws i think one is that you dont have to pay more then double of that what you borrowed.
But you got screwed by everybody who lent you money your credit cards had intrest rates above 30%
And untill you fix this stupid people will still get in to so much debt that it will be impossible for them to pay it back.
Christianity, One woman's lie about an affair that got seriously out of hand
Click if you dare!