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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (71379)	12/3/1999 12:50:00 PM
From: benwood	Respond to of 132070

Mike, your statement about how many folks think "debt is a panacea" rings true to me. I saw an article in the Seattle Times last week that I should have investigated more closely because it really seemed like a fluff piece from the banking industry. Basically, it outlined a "typical" late-20- to early-30-something person who shopped fast and furious with credit cards this shopping season even though he was already carrying a significant debt load. I got the impression that the fact that he was in debt and didn't worry was a little glamorous and that the debt service was the same as any other mandatory cost of living, such as rent, auto, telephone and the like -- in other words, big deal! Clearly the message was that to be with it, you charge up a storm and thank the bank for the opportunity. There was no inkling of living free of consumer debt, because, hey, you and your friends are worth it!