Cap Urged On Hike In Credit Card Limit

[i am bob]

Hear, hear, I am Bob. I couldn't agree more. Our economy would crash if nobody borrowed? Haven't many so called first world economies just crashed because too many people borrowed too much money?

Exactly! The economy will crash if too many people borrow and produce bad debts - or if nobody borrows... We always need that unhappy medium! Edited February 29, 2012 by i am bob

[Tukaram (Tim)]

If I have learned one thing living in the US... it's that uncontrolled borrowing and spending is what makes you great... look how much good it has done for us! She prattled off some of the most common sense credit advice I have ever heard. Maybe I should write a book too. But what do you honestly think people with very little money will do with credit cards? Clamping down on who gets credit is the only thing that might actually make a difference. But Wall Street has taught us even rich people don't know how to handle money.