In our opinion: Consumer debt in America

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  • george of the jungle goshen, UT
    April 19, 2017 9:21 a.m.

    Lost in translation. The debt have to a standard will be a lot lost in translation, no matter what ya do to protect. Who makes the laws for. Hint, not the common people.

  • pragmatistferlife salt lake city, utah
    April 19, 2017 7:57 a.m.

    " It’s a sad fact that America seems to increasingly depend on unhealthy consumer debt and frivolous consumerism to fuel its economic motor."

    Seriously? You want a President that promises 4% GDP growth, an ever increasing population, millions of new jobs, wages based on supply and demand, and...lower consumer debt. Good luck with that.

    Frivolous consumerism? Ask the thousands of workers who make and sell cosmetics if it's frivolous to buy their product. Will it be frivolous if your son or daughter gets a job with one of the cosmetic companies as a chemist after college?

    You can't have it both ways. An expanding economy, expanding population, and constant "survival" level consumerism.

    You can't have an expanding economy, downward pressure on wages, and "reasonable" consumer credit.

    Face it capitalists you really can't have it all. You need to choose....and of course you have, it's just silly to post the problem this article does.

  • Shaun Sandy, UT
    April 18, 2017 8:39 p.m.

    Debt is money, without debt there would not be any money. Granted you can certainly over leverage and I think that is the true intent of this editorial but there will never be a debt free america either public or private without changing the monetary system.

  • Hutterite American Fork, UT
    April 18, 2017 7:25 p.m.

    Good credit? Bad credit? No credit? You deserve a new car!
    I think money and poor loans are way too easy to get, and that is the problem.