Please help support WRH by visiting our advertisers!

THOUGHT FOR THE DAY!

"I am strongly in favor of using poisoned gas against uncivilized tribes. The moral effect should be good...and it would spread a lively terror.... "-- Winston Churchill commenting on the British use of poison gas against the Iraqis after World War I

 

Credit Cards Follow Mortgages Into Delinquency

Credit cards are increasingly going the way of home mortgages — into delinquency.

Webmaster's Commentary: 

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!

Comments