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Uncle Joe

(61,538 posts) Wed Apr 30, 2025, 08:10 PM Wednesday

The IRS Wants Money From People Who Don't Have Money

Hi Friends,

This week I wanted to share my thoughts on what are clear signs of an incoming recession. People are being squeezed from all angles taxes and now financing things as simple as a lunchtime snack.

Kristi Noam made the news for having her purse stolen.

Pete Hegseth made the news for using taxpayer dollars to pay for a studio for him before he goes on TV.

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The IRS Wants Money From People Who Don't Have Money (Original Post) Uncle Joe Wednesday OP

Just saw an article that 60% of folks use credit cards for grocery shopping. I get it for the points but how many... dutch777 Wednesday #1

dutch777

(4,365 posts)

1. Just saw an article that 60% of folks use credit cards for grocery shopping. I get it for the points but how many...

Reply to Uncle Joe (Original post)

Wed Apr 30, 2025, 08:25 PM

Wednesday

...are carrying a balance on their credit cards and paying interest for the pleasure for things including basic quick use expendables? Seems likely credit card holders in serious arears (past due 90+ days) could soon surpass 10% of holders which would be 50% worse than during the Great Recession. That should keep some bankers and finance types awake at night. Trump and Cabinet of course can continue to sleep soundly and come up with ever goofier economic theories.

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