Comments on: The American Family’s Financial Turmoil http://visualeconomics.creditloan.com/the-american-familys-financial-turmoil_2010-04-29/ Thu, 27 May 2010 10:10:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Gilmar http://visualeconomics.creditloan.com/the-american-familys-financial-turmoil_2010-04-29/#comment-6399 Gilmar Fri, 21 May 2010 01:45:07 +0000 http://www.visualeconomics.com/?p=2745#comment-6399 All the focus on the flag and spelling errors while ignoring the message of the debt crisis presented helps explain how our mentality got us here. Maybe we should be looking at the message here and what we can and should, nay NEED, to do to turn things around before they call the US - Greece 2. Closer than you may think, have you bothered to look at our national deficit as well as our total debt? Hard times are coming. All the focus on the flag and spelling errors while ignoring the message of the debt crisis presented helps explain how our mentality got us here. Maybe we should be looking at the message here and what we can and should, nay NEED, to do to turn things around before they call the US – Greece 2. Closer than you may think, have you bothered to look at our national deficit as well as our total debt? Hard times are coming.

]]> By: GetReal http://visualeconomics.creditloan.com/the-american-familys-financial-turmoil_2010-04-29/#comment-6400 GetReal Tue, 18 May 2010 19:29:28 +0000 http://www.visualeconomics.com/?p=2745#comment-6400 Unless you follow Sarah Palin definitions of who is a "real" American and which of us don't count, the average American family is not blond with two 35 year old adults apparently married to each other with a young child owning a house with no visible neighbors. That's actually a rather unusual demographic. Unless you follow Sarah Palin definitions of who is a “real” American and which of us don't count, the average American family is not blond with two 35 year old adults apparently married to each other with a young child owning a house with no visible neighbors. That's actually a rather unusual demographic.

]]> By: investor relations http://visualeconomics.creditloan.com/the-american-familys-financial-turmoil_2010-04-29/#comment-6401 investor relations Fri, 14 May 2010 23:32:07 +0000 http://www.visualeconomics.com/?p=2745#comment-6401 Most people live month to month and that is a fact of the current system of things. Most people live month to month and that is a fact of the current system of things.

]]> By: tayriley http://visualeconomics.creditloan.com/the-american-familys-financial-turmoil_2010-04-29/#comment-5407 tayriley Fri, 07 May 2010 10:34:01 +0000 http://www.visualeconomics.com/?p=2745#comment-5407 all this, and americans STILL think capitalism, which perpetuates endless spending on useless things, is a million times better than any sort of socialism. <br><br>cuz socialism is evil, yall, it's communist and fascist, and i have no idea what i'm talking about because when asked, i can't define any of those, except to say CHINA CHINA CHINA. <br><br>...and china is evil yall, cuz they aren't FREE. i want my freedom to spend money i don't have to make my droll life seem less pathetic to my co-workers and neighbors. i'm also free to take a happy pill twice a day every day, bc my doc sez i can and i want a quick fix instead of exercising and eating right. i'm free yall, from my government, so i can be a slave to credit card companies and the pharmacy industry. it's the capitalist way, yall, cuz i'm proud to be an american!! yay, go self-destruction through selfishness!!! all this, and americans STILL think capitalism, which perpetuates endless spending on useless things, is a million times better than any sort of socialism.

cuz socialism is evil, yall, it's communist and fascist, and i have no idea what i'm talking about because when asked, i can't define any of those, except to say CHINA CHINA CHINA.

…and china is evil yall, cuz they aren't FREE. i want my freedom to spend money i don't have to make my droll life seem less pathetic to my co-workers and neighbors. i'm also free to take a happy pill twice a day every day, bc my doc sez i can and i want a quick fix instead of exercising and eating right. i'm free yall, from my government, so i can be a slave to credit card companies and the pharmacy industry. it's the capitalist way, yall, cuz i'm proud to be an american!! yay, go self-destruction through selfishness!!!

]]> By: realproblem http://visualeconomics.creditloan.com/the-american-familys-financial-turmoil_2010-04-29/#comment-14002 realproblem Tue, 04 May 2010 15:09:00 +0000 http://www.visualeconomics.com/?p=2745#comment-14002 Nice infographic, but you forgot about the biggest problem they have! $60,000,000,000,000 in public sector debt and unfunded liabilities! $15T (soon to be 20T) national debt, state debt, state & local unfunded pension liabilities, social security $10T in unfunded liabilities, medicare with tens of trillion more in unfunded liabilities. That will be seen in the form of future taxation or inflation. Yes, that is $600,000 per family -- way waaaay worse than their stupid credit cards. Nice infographic, but you forgot about the biggest problem they have! $60,000,000,000,000 in public sector debt and unfunded liabilities! $15T (soon to be 20T) national debt, state debt, state & local unfunded pension liabilities, social security $10T in unfunded liabilities, medicare with tens of trillion more in unfunded liabilities. That will be seen in the form of future taxation or inflation. Yes, that is $600,000 per family — way waaaay worse than their stupid credit cards.

]]> By: Anonymous http://visualeconomics.creditloan.com/the-american-familys-financial-turmoil_2010-04-29/#comment-14001 Anonymous Tue, 04 May 2010 13:21:00 +0000 http://www.visualeconomics.com/?p=2745#comment-14001 The "English" flag in the picture is actually the flag of The United Kingdoms of England, Scotland and Northern Ireland. The “English” flag in the picture is actually the flag of The United Kingdoms of England, Scotland and Northern Ireland.

]]> By: Mike Scott http://visualeconomics.creditloan.com/the-american-familys-financial-turmoil_2010-04-29/#comment-14000 Mike Scott Tue, 04 May 2010 07:56:00 +0000 http://www.visualeconomics.com/?p=2745#comment-14000 Why do you show the flag of the United Kingdom next to a comparison with England? They are not the same thing. Why do you show the flag of the United Kingdom next to a comparison with England? They are not the same thing.

]]> By: Lloyd Morgan http://visualeconomics.creditloan.com/the-american-familys-financial-turmoil_2010-04-29/#comment-13999 Lloyd Morgan Tue, 04 May 2010 06:53:00 +0000 http://www.visualeconomics.com/?p=2745#comment-13999 You say "$2 trillion is the combined amount of personal debt held by Americans (which is about the GDP of England)". However you've placed this statement next to the flag of the United Kingdom. The United Kingdom comprises England, Scotland, Wales and Northern Ireland. To those British who do not live in England, this is somewhat insulting. For a simple graphic explaining this, see here: http://qntm.org/uk The estimated GDP of England is around $2 trillion, while the estimated GDP of the United Kingdom is around $2.7 trillion. The flag of England is the St. George's Cross: http://en.wikipedia.org/wiki/Flag_of_England You say “$2 trillion is the combined amount of personal debt held by Americans (which is about the GDP of England)”. However you’ve placed this statement next to the flag of the United Kingdom.

The United Kingdom comprises England, Scotland, Wales and Northern Ireland. To those British who do not live in England, this is somewhat insulting. For a simple graphic explaining this, see here: http://qntm.org/uk

The estimated GDP of England is around $2 trillion, while the estimated GDP of the United Kingdom is around $2.7 trillion. The flag of England is the St. George’s Cross: http://en.wikipedia.org/wiki/Flag_of_England

]]> By: a s d http://visualeconomics.creditloan.com/the-american-familys-financial-turmoil_2010-04-29/#comment-13997 a s d Mon, 03 May 2010 15:45:00 +0000 http://www.visualeconomics.com/?p=2745#comment-13997 I know it's stupid, but I'm willing to bet that the family in that picture isn't even from America. Roofs/windows like those on the house in the background are extremely common in Europe, but virtually nonexistent in the US. I know it’s stupid, but I’m willing to bet that the family in that picture isn’t even from America. Roofs/windows like those on the house in the background are extremely common in Europe, but virtually nonexistent in the US.

]]> By: Joe Schmoe http://visualeconomics.creditloan.com/the-american-familys-financial-turmoil_2010-04-29/#comment-13996 Joe Schmoe Mon, 03 May 2010 14:48:00 +0000 http://www.visualeconomics.com/?p=2745#comment-13996 "American's," in the percentage who don't have a bank account, shouldn't have an apostrophe. “American’s,” in the percentage who don’t have a bank account, shouldn’t have an apostrophe.

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