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Summary Of Maxed Out Debt

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James D. Scurlock produced a film, Maxed Out Debt,in 2006. It is a documentary. In this film Scurlock analyzes the monstrous training that credit card companies utilize to obtain enormous earnings diminishing customers financial lives. There are multiple interviews, giving insight on different situations, how consumer-lending companies can be negative in other people's lives. Maxed Out Debt’s displays how the modern financial industry really works. The political agenda is unbelievable. The presidents turned to the people to rescue the United States from a crisis.In 1938-1988 Reagan “borrows” $300 billion dollars from Social Security to pay the interest on the national debt. In 1995 the Government shuts down for three days because they’re …show more content…

That being said, during that time there was cutbacks in elderly food programs, libraries shut down etc. In my opinion I think this film was worth watching. The industries of credit card companies are deceiving. The companies purposely make it easy for an individual to fall into debt quickly. People who spend more than they can afford is a huge contributor to the problem. For this reason credit card companies prey on uneducated, poverty-stricken, and college students that have none or little credit. Hoping they target the individuals that cannot pay it back. In general, I think it was a helpful film to educate people who aren’t familiar with this subject,like myself. Debt is a problem in this country that I now am aware of. Watching Maxed Out Debt during class was educational. It raises awareness especially to younger generations that could possibly avoid it. If not avoided at least be informed about credit and debt in their future. Additionally, I wished it focused more on the topic of college students. On different ways that others could manage their time,money and bills. Instead of only having one option for example, such as applying for credit

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