People use their credit cards for many reasons. I use mine for convenience, to accumulate airline points and for cash rebates. Some use them for purchases that they cannot presently afford, as a short term loan or as an installment plan. In any case, all credit card purchases have to be repaid to maintain good credit.
Dah, so much for the obvious! What's the point?
We have talked about the bailouts, stimulus package etc. before. The government is now budgeting to spend more trillions on programs outside of stimulating the ecomony - maxing out on its credit limit. Are you concerned? Can the US Mint keep pace with the National Debt?
Yes, I am concerned. Money will not be worth anything, but don't know what to invest. Anyway, the more you make, the more you will be taxed.
ReplyDeleteNo, the U.S. mint cannot keep pace with the national debt. All the printing machines will be broken from overworked!!
haha nice graphic and yes i am a bit concerned.
ReplyDelete...hangman is back!
Uncle Sam has no credit limit; that is, as long as Chairman Mao is buying Uncle Sam's debt. They will, as long as US is buying their goods.
ReplyDelete