Quote:
Originally Posted by Tom
You want to kick the economy in to high gear?
1, Erase all credit card debt. This frees up billions of $$$ for spending.
2. Cancel all credit cards. This clears the system.
3. Implement common sense credit car program with reasonable, fixed interest rates and reasonable limits. Prohibit advertising for CC's. Make the person work to get one, and work to keep it.
With the obscene interest rates CCs have been charging for years, anyone that goes broke taking the current CC balance hit probably is not responsible enough to remain in business anyway.
I can see an economy souring with money being freed up to churn its way around the country.
Why go after the rich when you can go after their banks?
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i could probably come up with at least 1000 reasons why you are right on this, but i know the banks are to powerful.
the other thing i would add is to get rid of fractional banking altogether. if you did that and get rid of a few completely wasteful spending programs, get rid of the crooks in government. you might be able to wipe off the debt this country owes without screwing the people that lent us the money to begin with.
