Reply #20: Economic numbers earlier this week..... [View All]

[CANDO]

showed that Americans added three times as much debt to their credit cards as was forcast by the experts. Could this be part of the recovery? We all know that the holy grail of capitalism is consumer spending, not tax cuts. So when they try and say the tax cuts did it, I say no, it was Americans adding 15 billion dollars of more credit card debt. They had forecast only 5 billion in credit spending.