Tuesday, March 13, 2007
It's time to turn in our credit cards
IN DEBT WE TRUST AS THE ECONOMY GOES BUST:
A Return To Serfdom?
This week the Senate Banking Committee has begun an investigation of credit card companies and that industry’s lending practices of which Chairman, Carl Levin of Michigan said, “Millions of families…are kept in debt and are in over their heads not just because of their own purchases…but because of the abusive practices and excesses of the credit card companies.”
Our ever present Corporate Government is operating on credit and has put this country in debt. A national debt that is beyond my comprehension. Billions of dollars are hard to swallow, but when it comes to trillions I kind of go into a mind lock. What is our money really worth today, as we ignorantly carry worthless change in our pockets. Coinage that was once spending money is merely extra baggage to us, as a dollar is worth less than a dime of 1960's money, and we haven't seen nothing yet, as we descend into the depths of further inflation, and wonder what we will have to cut from our personal budget, as we continue to make payments on our house, car, and credit cards.