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Consumer credit card debt rises, and this is supposed to be a good thing (via 100gf | Politics and Computers)


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.

Remember that crippling financial crisis that was partly caused by high levels of consumer debt? Well it seems we're emerging from the worst of it. How do we know? Because consumer credit card debt is on the rise! Does it seem odd to you that one of the clearest sign that we're recovering from debt-fuelled catastrophe is the fact that debt is accumulating once again? If so, perhaps you share the opinion of those who believe that the 'recovery' pr … Read More

via 100gf | Politics and Computers



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