Consumer credit card debt rises, and this is supposed to be a good thing (via 100gf | Politics and Computers)Posted: July 11, 2011
This mindset apparently didn’t take enough of a beating for the lesson to sink in. Ever since consumer debt became a component in the GNP, it seems that debt is the driving force in the U. S. economy. Wall St. responds very negatively to any actions adverse to the interest in buying U. S. debt. The only logical conclusion is that debt is a critical and strategic product and export of the United States. What was once known as criminal fraud is now accepted practice.