This will not work out well.
https://www.cnbc.com/2024/11/13/credit-card-debt-hits-record-1point17-trillion-new-york-fed-finds.html
This will not work out well.
https://www.cnbc.com/2024/11/13/credit-card-debt-hits-record-1point17-trillion-new-york-fed-finds.html
I would say this was part of the plan the whole time to devalue the dollar to force people to switch to digital money, whether crypto or CBDC. I think it kicked into high gear with fiscal policiy in Obomber’s term.
I expect an economic crisis Donnie’s term.
Kinda knew that about credit debt…..watched a man trying to pay for gas at the
gas station. He put a card in and removed it…..tried a second and removed that one Third card wasn’t maxed and he paid for the gas.
We can’t expect Congress to check spending when the population that gives us those numbers. If families cannot control spending and cut credit card debt, then the Congress-critters that come from those families cannot control spending.
Don’t worry, the guy who raised the national debt more per year than any president in US history is on the case.
Trump has declared that on DAY ONE he is going to help….Israel.
Meanwhile Vivek and Elon will pick over the “waste” they can find in the government and redirect that money for them.
So as long as the US has to print money and borrow to satisfy debt, people will use credit cards to cover the inflation that creates.
Such a good lesser evil…
Why are the exorbitant interest rates charged by credit cards considered usury>
Correction why are the exorbitant interest rates of CC companies, NOT considered usury?