[EBH]

I heard an interesting factoid yesterday...

People getting tax refunds this year plan to use the money to pay on existing loans or credit card bills.

I found that interesting in that they are NOT doing what they normally do with the ‘extra’ windfall from the government, which is spend it on consumer goods. So the money won’t be having any influence on the economy.

It also seems to me to indicate a real lack of confidence.

[Right Brother]

Excessive credit card purchasing is creating a false economic illusion. The banking cartels are lining their pockets with 12-18% interest (not to mention the up-front 2-4% merchant fee) while the economic viability of the cash-strapped borrower is diminishing.

[11th Commandment]

OH, but consumer debt is up... haven't you heard the good news from the same people who revised GDP 80 points lower??? (yes sarcasm). The consumer debt is also another false report because the Obama regime now includes student debt.

[Red Badger]

I did my taxes last night. My refund?

$5.00..............................

To celebrate, I guess I’ll buy a meal at Hardee’s.............