Tag: chart

Study: College graduates driving increase in bankruptcy filings

“We’re told that if you do go and get advanced education, you’re going to be almost guaranteed this economic success,” said Leslie Linfield, the group’s executive director. But the recession proved that “higher education was no guarantee that you weren’t going to be at risk.”

Prediction: It will do no use showing this to my dad and the next time I display an inability to immediately access knowledge on anything from how to change a wagon wheel to how to fix the nations debt crisis, he will tell me I would know “If I went to college” just as consistently as ever. Still, however:

But Linfield said the recent increase in the number of bankruptcy filings is driven largely by wealthier, more-educated households. The percentage of debtors with bachelor’s degrees peaked in 2009 and then inched down in 2010. Those with graduate degrees jumped from 4.9 percent in 2006 to 6.7 percent last year. And the share earning more than $60,000 rose from 5.5 to 9.2 percent.

Linfield said she is also concerned about the age of debtors. Over the past five years, the number of consumers filing for bankruptcy between ages 18 and 34 has fallen 31 percent, her group’s study found. Meanwhile, the number of people 55 and older, who have less time to recover financially, has jumped 25 percent.

Bush Bashin Obama, Hacky Hannity and the facts

Sean Hannity just played a clip from Obama’s speech where he talked about Bush and came back with the awesome come back of “will the Bush bashing ever stop!?”. ooooo! zing! LOL Sean! Good one! that is such an annihilating smackdown that it in no way illustrates what an untalented hack you are! who cares if Obama’s list of Bush foibles was accurate – YOU SURE TOLD HIM! lulz. Hannitee 4 Prezident LOL lulz roflma fml.

This part of the speech is what Hannity was referring to:

The worst part is that he could have actually made a point there if he weren’t such a knee-jerk Republican shill that thought non-hilarious one-liners like that were acceptable retorts to the opposition in power.

He could have, for instance, maybe brought up the fact that Obama is going to triple the national deficit this year and even the Whitehouse’s own estimates show they plan to put Bush’s spending to shame.

And it doesn’t stop there, Woody. This Buzz Lightyear is going to Infinity and Beyond:

Karl Rove gave an ACTUAL response to the Bush stuff (is it too late to give him Hannitys job?):


transcript from Karl Rove’s segment with Greta Van Susteren:

“I can find no administration in which there is such a frequent recourse to blame the previous administration…

They want to blame the Bush Administration for the debt. I happened to be last week in a debate with David Plouffe in which he blamed the Bush Administration for the deficit this year. And I said, “Wait a minute, what about your spending bill? It was your bill, President Obama’s $787 billion Stimulus Bill. What about the $33 billion SCHIP bill that he signed? What about the $410 billion Omnibus Bill?” In reflection didn’t Senator Obama support the rescue package the recovery package last fall, the $750 billion to help rescue the banks? $350 billion dollars of that was spent by the time he got into office. If he didn’t like that spending he could have said, “You know were not going to spend another dime of that $350 billion,” and yet he did…

I think this is wearing thin. This is causing the American people to say, “Wait a minute. This is all your spending. Why do you keep blaming the guy who came before you?”