THOUGHT FOR THE DAY!

Truth needs no law to support it. Truth is self-evident to all. Truth withstands re-examination. Truth survives questions. Throughout history, from Galileo to Zundel, only lies and liars have resorted to the courts to enforce adherence to dogma." -- Michael Rivero

 

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!

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