[scottlang]

4. I have credit card debt that I am paying down. I know first hand that it is not a good idea, but am on track to be plastic debt free next year this time. The recent expansion of credit is unprecedented in human history. We can all pass on the perils to our children and grandchildren.

This is very true.

[FITZ]

The recent expansion of credit is unprecedented in human history.

What I don't understand is how the government is actually encouraging consumerism. They even try to measure our economic health in terms of consumer spending which seems very stupid ---- a lot of our trade deficits is backed with plastic cards. Even the tax refund was to encourage people to do some more spending --- not investing. Americans should be paying off their debts and saving money.

[PGalt]

Gotta go, running late, working both jobs today. Be back after midnight. Been a pleasure.