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Credit Cards Follow Mortgages Into Delinquency
Credit cards are increasingly going the way of home mortgages — into delinquency.
We do not have a credit crisis. We have a repayment crisis. and The US Government could end it in a heartbeat by simply cutting all taxes 50% across the board. Yes, we would have to do without certain things, like killing Iraqis, but a massive tax cut would revive the economy instantly.
Of course, government never cuts taxes by more than symbolic amounts, so instead the government's solution to the repayment crisis is to take MORE money from us and give it to the banks ... to loan back us at interest!
Such a deal!



Click for torture scandal links
Dead because of a lie. Dead because selfish people in government wanted a war and lied to get one. How can you not be angry?



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