Swingman wrote in
:

On 10/13/2011 7:10 AM, Leon wrote:
On 10/12/2011 2:05 PM, Han wrote:
wrote in
:

On 10/12/2011 11:16 AM, Han wrote:

Getting more spending power into the hands of the less affluent
will lead to more purchasing of manufactured goods (my opinion).

That works ... as long as you don't do it with credit (cards) that
further enslaves them by legal usury!

Mea culpa ... but that process chaps my rosy red.

I'm lucky, and, perhaps, not dumb, in that I always pay off all CCs
each month.


As do I, actually my credit cards, as do probably yours do, actually
pay me to use them. And that works for every one providing they pay
them off every month.

I believe this country would be a lot better off if our kids were
required to take and pass simple finance classes before graduating.
Or you must pass a basic understanding of finance charges and their
real impact before qualifying for a credit card, controlled by a 3rd
party.

What you guys do, besides paying off your own credit card debt every
month, is grossly overestimate the intelligence of the progressive
fostered middle class who has most of the credit card debt in this
country.

Amen. Have had to rescue a few people from their mistakes in this
regard, including myself. I hadn't read all of the fine print of the
"free" loan by a Citibank CC. Free, if you paid it off within a certain
period. They forgot to tell me (or I didn't comprehend the language)
that payments first went to any unpaid balance, before the statement
reflected that balance. Ended with interest charged on the first
statement after that. Luckily I could tell them that I paid off the
total "loan" that instant and to go shove the whole shebang.

It helps to have reserve funds, but I fully understand that not everyone
has them, or can maintain them. I just heard I'll have to spend a few to
trim a tree that is dropping rotting branches. Darn DPW oaks ... I
guess that happens with 80 year-old trees ...

--
Best regards
Han
email address is invalid