In response to:

America Won't Get Rich by Relying on the Permanent Poor

Dr_Zinj Wrote: Apr 18, 2012 9:55 AM
My Dad made $50K a year. My prom didn't cost me a cent. Of course I didn't GO to it either.
AliveInHim Wrote: Apr 18, 2012 12:11 PM
I made my prom dress in sewing class in high school. If memory serves, it cost all of 30 dollars for fabric etc. We went to a nice restaurant for dinner, then to the dance, then to his parents' home for refreshments. No limos, no fancy stuff, just a good time.

AKA Deerhunter Wrote: Apr 18, 2012 11:30 AM
Hey this prom deal starts at the top:

USA - President Barack Obama -15 trillion in debt.
President's wife - Hundred thousand dollar vacations - taxpayer paid - money borrowed.
China - President Hu Jintao - owns much of USA debt.
President's wife - no vacations reported.

America is a land of class mobility. That's what makes America a magnet destination for people all over the world: Come to America and make something of yourself. If you want great welfare benefits, try to bust into Europe; if you want to work for a living and get rich, come to the United States.

But for some Americans, there is no class mobility. There is a permanent economic underclass, and those who inhabit it have no ability to rise above their fiscal fate.

There is a reason for that: They make bad decisions.

Take, for example,...

Friday, May 24 | 12:16 PM ET
Friday, May 24 | 12:16 PM ET
Friday, May 24 | 12:16 PM ET
Friday, May 24 | 12:16 PM ET