Rick wrote: The problem is, the people who are in charge of our monetary policies are either very well off financially, or, like HA, they are old enough that they figure they won't be around anyway when our debt destroys us.
Exactly. When you have octogenarians hammering out budget deals that call for trillions in new spending that they know they will not have to pay for.
Future generations will curse Pelosi, Biden, and Trump when 80% of the budget is just spent just on the interest.
Thomas Sowell: There are no solutions, just trade-offs.
Americans are increasingly leaning on their credit cards.
Altogether, card balances now total $1.08 trillion, according to the latest quarterly report from the Federal Reserve Bank of New York, a new record.
“Over the past two years, Americans’ credit card balances have skyrocketed 40%,” said Ted Rossman, senior industry analyst at Bankrate.
FYI.....IT'S NOT JUST THE GERIATRIC GOV........it is Joe Blow,who can't say no,OR MEDICAL misery.
Look at the previous posted stats....the 50 somethings r spending like they r the affluent and on trend JMO
