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In a pinch, half of U.S. families canít find $2,000
Dayton Daily News ^ | 06-12-11 | Mark Fisher

Posted on 06/12/2011 5:02:17 PM PDT by Kevin in California

Half of American families — including a growing portion of the country’s middle-class — would not be able to cope with an unexpected expense that required them to come up with $2,000 within 30 days according to a study that illustrates both the fragile nature of family finances and the depth of the nation’s financial crisis.


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: collapse; debt; default; economy
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Pretty sad that we've gotten to this point.
1 posted on 06/12/2011 5:02:20 PM PDT by Kevin in California
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To: Kevin in California

But the Federal, State, City and now County ( Here in Califronia ) tax boards can get $2,000 out of us at will!

Soon we here in California shall be taxed based on Neighborhood watch groupings.


2 posted on 06/12/2011 5:04:53 PM PDT by NoLibZone (Ronald Reagan was the last candidate to be hated by the MSM to the extent that Sarah is.)
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To: Kevin in California

6-18 months from now 1/2 of Americans won’t be able to come up with $500-$1,000. Gonna get worse before it gets better.


3 posted on 06/12/2011 5:05:03 PM PDT by library user (Just because you're homeless doesn't mean you're lazy.)
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To: Kevin in California

I would have to rob from Peter to pay Paul.


4 posted on 06/12/2011 5:06:02 PM PDT by Repeal The 17th (Proud to be a (small) monthly donor.)
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To: NoLibZone

Suggestion: Move to Texas.


5 posted on 06/12/2011 5:08:27 PM PDT by 2ndDivisionVet ("We didn't lose Vietnam. We quit Vietnam." ~Gen. Al Haig)
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To: Kevin in California

They should have bought beans and rice...soon that will be a better commodity.


6 posted on 06/12/2011 5:08:46 PM PDT by hope
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To: Kevin in California

I could find it, but it wouldn’t be mine.


7 posted on 06/12/2011 5:08:58 PM PDT by dforest
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To: Kevin in California; Kaslin; SunkenCiv; ExTexasRedhead; randita; Impy

Very sad indeed. As for the government, it needs a combination of spending cuts, entitlement reform, and pro-growth policies, and then get out of the way as much as possible.


8 posted on 06/12/2011 5:09:21 PM PDT by Clintonfatigued (Illegal aliens collect welfare checks that Americans won't collect)
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To: 2ndDivisionVet
Suggestion: Move to Texas

Will they lend me $2000?

9 posted on 06/12/2011 5:09:49 PM PDT by PGR88 (I'm so open-minded my brains fell out)
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To: Kevin in California

An interesting study, but begs the obvious question, at least as reported in this article.

What is the change over time in people being able to meet this criteria? The article implies, but doesn’t bother to demonstrate, that five, ten or twenty years ago more people would have been able to come up with an equivalent sum.

This is the same stuff as the stories about lots of Americans not having saved enough for retirement. While no doubt true, it’s pretty meaningless unless they show the trend over time.


10 posted on 06/12/2011 5:11:57 PM PDT by Sherman Logan
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To: indylindy

LOL! Does that involve a big chain, a truck and an ATM??


11 posted on 06/12/2011 5:12:35 PM PDT by GnuHere
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To: 2ndDivisionVet

I’ve been contemplating ....just not sure I trust that douche, rhino governor of yours...I guess he can’t be all bad since you all have given him a pass for quit some time.


12 posted on 06/12/2011 5:12:35 PM PDT by hope
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To: Kevin in California

Half of U.S. families don’t need to find $2,000. They don’t use money.

Food debit cards, free rent and medical care. Why would they need money?


13 posted on 06/12/2011 5:12:40 PM PDT by sodpoodle
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To: library user
6-18 months from now 1/2 of Americans won’t be able to come up with $500-$1,000 for a loaf of bread .

There. Fixed it.
14 posted on 06/12/2011 5:13:28 PM PDT by crosshairs (The left's hatred of Christianity has blinded them to the REAL threat which is Islam.)
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To: Kevin in California

I guess keeping up with the Jones now means keeping up with their debt.


15 posted on 06/12/2011 5:14:45 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: Kevin in California

I’ll be rich once I get my pimp license.


16 posted on 06/12/2011 5:15:15 PM PDT by SIDENET ("If that's your best, your best won't do." -Dee Snider)
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To: 2ndDivisionVet

So your solution is to have 300 million people move to Texas?


17 posted on 06/12/2011 5:15:30 PM PDT by Red in Blue PA (Let's apply the "reasonable man" standard to gun laws. How many would stand?)
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To: sodpoodle

They are late on their Escalade lease.
But seriously, a lot of these people on disability and welfare pool together in a household of 6 or 8 adults and kids, such that I’m sure their monthly “paychecks” are way more than mine. You are right. Then their money is freed up for cigs and meth.


18 posted on 06/12/2011 5:17:04 PM PDT by GnuHere
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To: Kevin in California

Fortunatley their/our pensions are secured


19 posted on 06/12/2011 5:18:19 PM PDT by Flavius (What hopes for victory, Gaius Crastinus? What grounds for encouragement ?)
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To: sodpoodle
Food debit cards, free rent and medical care. Why would they need money?

Not to mention free cell phones, bus passes, heating assistance, "disability" checks, and the list goes on and on.

They're the ones who answer the polls with "the economy's doing just fine".

20 posted on 06/12/2011 5:19:39 PM PDT by Cementjungle
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To: GnuHere

That’s weird - we are hitting all the same threads;) tee hee


21 posted on 06/12/2011 5:20:20 PM PDT by sodpoodle
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To: GnuHere

Well, that is one idea. Keep those ideas a comin’ LOL


22 posted on 06/12/2011 5:20:45 PM PDT by dforest
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To: NoLibZone
"Soon we here in California shall be taxed based on Neighborhood watch groupings.

What sort of tax? For what reason? Just wondering.

23 posted on 06/12/2011 5:22:14 PM PDT by SkyDancer (It's not the police that protect our rights, it's our military)
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To: Kevin in California

Not to make fun of the death of American prosperity, but there is always Ebay. My advise to Americans who can’t find $2000 in a pinch is get out of debt, and once out of it, stay out. I bet most of those Americans who can’t get $2000 in a pinch have large screen TVs, computers, cell phones, nice cars, nice furniture, nice homes, apartments, and monthly payments they can’t afford. If they really want a money pit to eat up their spare cash, let them get a boat.


24 posted on 06/12/2011 5:23:08 PM PDT by pallis
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To: 2ndDivisionVet

I hear you.

I was born raised and and growing old here , but I am done.

California cannot be repaired.

The DNC is entrenched in everything from dog catcher on up .

Their need to buy votes continues to kill California.


25 posted on 06/12/2011 5:23:40 PM PDT by NoLibZone (Ronald Reagan was the last candidate to be hated by the MSM to the extent that Sarah is.)
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To: SkyDancer

What sort of tax? For what reason? Just wondering.

The liberal philosophy sis weak and requires steep discounts and Coupons to sell.

Discounts and Coupons = vote buys.

/sarc


26 posted on 06/12/2011 5:25:26 PM PDT by NoLibZone (Ronald Reagan was the last candidate to be hated by the MSM to the extent that Sarah is.)
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To: NoLibZone

Okay, I think.


27 posted on 06/12/2011 5:26:45 PM PDT by SkyDancer (It's not the police that protect our rights, it's our military)
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To: sodpoodle

I’m a drive-by FReeper: a flurry of posts, and then I’m gone, LOL.


28 posted on 06/12/2011 5:28:29 PM PDT by GnuHere
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To: Cementjungle

Thx for the rest of the story;)

(I knew there had to be more ‘free stuff’).

#12 The 111th Congress got us into so much new debt that it breaks down to $10,429.64 for each of the 308,745,538 people counted by the 2010 U.S. census.

http://www.objectivistliving.com/forums/index.php?showtopic=9843


29 posted on 06/12/2011 5:31:58 PM PDT by sodpoodle
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To: GnuHere

I know!!!!!!!!!!!!


30 posted on 06/12/2011 5:33:09 PM PDT by sodpoodle
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To: Red in Blue PA

If all six billion people on Earth moved to Texas they’d have several acres apiece. No problemo... LOL


31 posted on 06/12/2011 5:44:30 PM PDT by 2ndDivisionVet ("We didn't lose Vietnam. We quit Vietnam." ~Gen. Al Haig)
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To: 2ndDivisionVet

It would have to be one time emergency, but I could sell the little bit of jewelry I have. I could come close to $2K, hould the need arise.


32 posted on 06/12/2011 5:54:47 PM PDT by bigredkitty1 (March 5,2010. Rest in peace, sweet boy. I will miss you, Big Red.)
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To: 2ndDivisionVet

It would have to be one time emergency, but I could sell the little bit of jewelry I have. I could come close to $2K, should the need arise. Things aren’t as rosy in Texas as people think. Still, they are a dammned sight better than the rest of the country. THAT is what is frightening this native Texan.


33 posted on 06/12/2011 5:57:00 PM PDT by bigredkitty1 (March 5,2010. Rest in peace, sweet boy. I will miss you, Big Red.)
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To: SIDENET
I’ll be rich once I get my pimp license.

"Hey honey. Whatcha doing tonight...you busy? I got something I want you to do for me. Pick out a nice dress..."

34 posted on 06/12/2011 6:00:43 PM PDT by moovova (That laser-like focus was just a sharp stick in the eye.)
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To: 2ndDivisionVet

Then we could encroach on our Southern border with Mexico! Great idea!....lol


35 posted on 06/12/2011 6:08:38 PM PDT by LaineyDee (Don't mess with Texas wimmen!)
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To: Kevin in California

What about hitting 0bama’s sta$h?


36 posted on 06/12/2011 6:10:03 PM PDT by Paladin2
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To: sodpoodle

LOL. because of that 50% (the freeloaders), the other 50% dont have a dime to their name.


37 posted on 06/12/2011 6:10:20 PM PDT by applpie
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To: 2ndDivisionVet

Texas is only big enough to be parted out to all Americans at a half acre each.


38 posted on 06/12/2011 6:16:30 PM PDT by Paladin2
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To: Paladin2

Area of Texas is 268,581 square miles. Assuming 6 billion people, that’s 22,340 per square mile; this means each person gets 1248 square feet, which is about the size of a respectable apartment. So, yes, you could fit everyone in the world somewhat comfortably in Texas.


39 posted on 06/12/2011 6:26:48 PM PDT by 2ndDivisionVet ("We didn't lose Vietnam. We quit Vietnam." ~Gen. Al Haig)
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To: crosshairs
6-18 months from now 1/2 of Americans won’t be able to come up with $500-$1,000 for a loaf of bread .
There.Fixed it.

That's the key point showing the pathetic situation we're in.

Like an economic maniac, Obama's Fed is relentlessly creating billions of new dollars out of thin air, making the buck about worthless.

And 1/2 of Americans can't gather 2000 of these little currency feathers into a small pile on the kitchen table?
--in a month?

We're looking right into the abyss, thanks to the insanity in Washingon D.C.


40 posted on 06/12/2011 6:36:18 PM PDT by henbane
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To: Kevin in California
Half of American families — including a growing portion of the country’s middle-class — would not be able to cope with an unexpected expense that required them to come up with $2,000 within 30 days ...


Wonder how they like this changey stuff.

41 posted on 06/12/2011 6:36:49 PM PDT by FreeMaine (Chasten thy son while there is hope, and let not thy soul spare for his crying. Prov 18:19)
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To: Kevin in California

Obamacare


42 posted on 06/12/2011 6:42:08 PM PDT by funfan
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To: Kevin in California

Obamacare


43 posted on 06/12/2011 6:42:14 PM PDT by funfan
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To: 2ndDivisionVet
"If all six billion people on Earth moved to Texas they’d have several acres apiece. No problemo... LOL"

I was talking to a Brit one night on the internet and he bragged that the UK was 110 miles long.
I never heard from him again when I told him the sign at the Sabine River/Texas -Louisiana (I-10) border says, El Paso, 861 miles. (And, you're still in Texas when you get to El Paso, lol)

44 posted on 06/12/2011 6:44:55 PM PDT by blam
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To: Kevin in California
Saw an article a few years ago that featured Plano, TX (about 25 mi. North of Dallas)... specifically West Plano ... article quoted a realtor where he/she said you can turn a lot of folks upside down here and not a penny would fall out of their pockets they're so extended, trying to keep up with the Joneses.

I believe it.

45 posted on 06/12/2011 7:16:42 PM PDT by Trajan88 (www.bullittclub.com)
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To: sodpoodle

So far, cash is still required to pay your drug dealer.


46 posted on 06/12/2011 7:19:30 PM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: 2ndDivisionVet

Shhhhhhhh! Let’s keep it a secret.


47 posted on 06/12/2011 7:22:59 PM PDT by ImpBill ("America ... where are you now?" signed, a little "r" republican!)
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To: Kevin in California

The other half can’t find $2500!


48 posted on 06/12/2011 7:23:27 PM PDT by Randy Larsen (Wise To The Lies!)
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To: Kevin in California
according to a study

A large percentage of US citizens is receiving government checks. But those checks are given on condition that the recipient is "sufficiently poor." This means those guys can't have bank accounts or credit cards. If they have money, or if they work, it's cash only.

This means that many respondents could be simply afraid to confess to a stranger (who can easily be a government agent) that they have money. The pollsters can't know for sure if the answers they are getting are truthful; this poll is seriously flawed.

But even among americans who have jobs, imagine that you get a phone call out of the blue and the guy on the other end asks if you have $2K. One needs to be a very reckless person to say "yes" to that. It could be a thief calling and asking his potential victims if they are rich enough. The only correct answer to that question is "No, I don't have that kind of money." It's not nice to bend the truth, but this kind of truth can kill you and your family.

49 posted on 06/12/2011 7:23:45 PM PDT by Greysard
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To: Kevin in California

If half of America is without cash, they is gonna be stealin’ it when they run out.

It won’t be long before they come for your stuff


50 posted on 06/12/2011 7:28:00 PM PDT by AdamBomb
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