Daily Archives: 9:09 am

Why do so many people keep going into credit card debt?

thinkaboutit asked: Question? What makes people keep using them when they see the destruction it is causing? Many people, mostly younger folks and women, have so many credit cards they end up in severe debt and ruin their credit for many years to come. Credit card applications are mailed out by the tons and people…

Can you imagine politicians having this kind of discipline in modern times?

extremist asked: http://www.business.auburn.edu/~whittdo/THE%20ELIMINATION%20OF%20THE%20NATIONAL%20DEBT%20IN%201835.htm On January 1, 1835, the United States paid off entirely its longstanding public debt. For that year and the next the nation enjoyed debt-freedom, the only two years in its entire history when it held no obligation to creditors. For this reason the years 1835-1836 are unique and significant, but, oddly enough,…