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3 Bumps

How much credit card debt is acceptable?

If a politician is running as a fiscal conservative, would you think they didn't have much personal debt? One credit card maybe?? none?

What is your definition of fiscal conservative?

 
sweet-a-kins

Asked by sweet-a-kins at 9:26 PM on Oct. 9, 2010 in Politics & Current Events

Level 34 (67,502 Credits)
This question is closed.
Answers (22)
  • That cracks me up! Good old Joe Miller with all his credit card debt is trying to be a Conservative....but he isn't fiscally conservative..or even smart. Ha. Those cards have huge balances---and I am not talking about his campaign expenses. It is the personal credit that boggles the mind. And his student loans and his USAA loan. If I owed that much I would have a breakdown!!
    It is once again "don't do as I do, do as I say". Hypocrite.
    gertie41

    Answer by gertie41 at 11:04 PM on Oct. 9, 2010

  • We identify as fiscal conservatives too! And we only have an American Express card...in which the balance HAS to be paid off, or your account is frozen until you do. The only debt we have is the "normal" debt...mortgage and one car loan...but both debts are affordable. We pay cash (debit cards) for everything else.

    I think a political fiscal conservative should live similarly and lead by example...you know, like filing and paying tax returns every year! LOL :oP
    LoriKeet

    Answer by LoriKeet at 10:16 PM on Oct. 9, 2010

  • As long as Joe is paying his debt and not seeking relief from it, I'm fine. He may carry some credit, but a lot of Americans do. We were told it is a good thing. Another post 1960 hippy liberal gibberish.


    http://wwwhttp//www.nytimes.com/2008/03/15/business/15nocera.html.nytimes.com/2008/03/15/business/15nocera.html

    jesse123456

    Answer by jesse123456 at 12:02 AM on Oct. 10, 2010

  • I'm a fiscal conservative, and we don't keep credit cards. Is that bad? I have student loans and a car payment to pay.
    lovinangels

    Answer by lovinangels at 9:47 PM on Oct. 9, 2010

  • No big deal as long as he makes his payments and someday gets it payed off.


     


    Only 24 more days of your desperation.

    Natesmom507

    Answer by Natesmom507 at 11:35 PM on Oct. 9, 2010

  • none. Credit cards are a bottomless pit.
    sopranomommy

    Answer by sopranomommy at 10:19 PM on Oct. 9, 2010

  • I am a fiscal conservative. I have several credit cards, 1 for business, 3 family cards, Sears card, Home Depot card, Dress Barn card. The cards are used for different things (some only occassionally) and are usually paid off monthly. The usually being our Home Depot card, we are redoing our house with it. I can get 12 mos with no interest on it and we do a project at a time.

    I don't think it matters how many cards you or to a certain degree how much debt. Some debt, like a mortgage is considered good debt. I like to see how responsible someone is with their finances....do they pay their bills, do they have some money put back..kwim.
    yourspecialkid

    Answer by yourspecialkid at 10:24 PM on Oct. 9, 2010

  • According to lenders you should have an overall debt to income ration of 30% to be considered fiscally responsible.
    urkiddingright

    Answer by urkiddingright at 11:45 PM on Oct. 9, 2010

  • lol lorikeet
    san78

    Answer by san78 at 6:05 AM on Oct. 10, 2010

  • How about $000000000000. No credit ards everything bought straight out. Maybe a mortgage and 2 car payments. No more then one house and 2 car payments. That is responsible.
    Ibelongtojesus

    Answer by Ibelongtojesus at 9:12 AM on Oct. 10, 2010

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