Americans Under Squeeze: Higher Credit Card Rates, Taxes Have "Devastating" Effect

They can all go to hell. We pay to much already.

CAN YOU SAY INFLATION.......................!!!!!!!

It appears that greed in its' purest form is rearing its' ugly head again. Let the shake down continue. I think every American should file bankruptcy and stop paying all taxes. Then maybe, just maybe, things will start to realign themselves properly...

The US government is neither reducing its deficit or generating a surplus therefore the long term trend will inevitably be INFLATION....Bond Yields will continue to rise in the future because the government is going to have a extremely difficult time paying their DEBT. We are in a Secular Trend where it is going to take many, many, many…. years before we work our way back to expansionary times and moreover, prosperity.

Time play and a time to pay. We played now we pay.

What idiots are feeding these guys these terrible analogies, or are they coming up with them themselves? I'm getting to enjoy these segments just for 'em.

GET OFF THE CREDIT CARD RIP-OFF!!! IF YOU CAN'T AFFORD IT DON'T BUY IT!! A SALE ITEM IS NO SALE ITEM IF YOU HAVE TO PAY 24% INTEREST ON IT!! I LIVED FOR YEARS WITHOUT CREDIT CARDS. I AM A LITTLE OLDER AND LIVED IN YEARS WHERE THERE WAS NO SUCH THING AS A CREDIT CARD. WE MADE IT JUST FINE PAYING CASH. STAY OUT OF DEPT!! PAY AS YOU GO!!!!!

With consumer spending making up a large percentage of our economy, putting the squeeze on "Joe SixPack" will ensure that the economy remains weak for a decade. This is going to be just like the 70's and early 80's........

THE MIDDLE CLASS WILL BE WIPED OUT WITH THESE HUGE TAX INCREASES. THE POOR DON'T PAY TAXES AND THE RICH CAN ABSORB THE INCREASES.

So, Mr. Marta, Republican mole, thinks the banks and wall street are now going to bail themselves out by ripping a new hole in Joe 6-Pack's pocket. Some of us have been saying for a long time, they should have just let the rules of capitalism play out in the first place. That is, companies that are not making a profit go out of business first. Of course, we can always delude ourselves and prolong the inevitable. Eventually, however, a million lights will shine, and someone will discover that Joe 6-Pack's pockets have always been empty, regardless of how many holes are in them.

FIRE OBAMA!!! He doesn't have a clue!!!

Sounds like the "Perfect Storm" for a financial quagmire.Our society has created this consumerist cycle of work work work,sell sell sell,buy buy buy,borrow borrow borrow,but taken out important elements to make the cycle self work in unison. The shift to a Global strategy with the lure of billions of new consumerists with money in their pockets has left out the American people which has been the leader of the world economy for about a century. Our wages are out of line with the third world labor markets where manufacturing has shifted and we can no longer maintain the lifestyles that we once had without a change of thinking from corporate side. The cheapest labor is not always the best option and the current crisis is a perfect example. Concessions need to happen on both sides of the table and when this happens,the ball will roll again,but if greed and self indulgence prevail then we will continue to languish.

The END is near,TAXED TO DEATH BROKE ,BUSTED ,DISGUSTED1!!!!!!!!!!!!!

hence the problem with keeping a bunch of zombie banks alive. Failure would have wiped them out, and well managed banks would have purchased the good assets and provided better service to their customers. The zombie banks will just continue to lose their good customers and be left will a bunch of toxic ones, requiring either more bailouts or eventual bankruptcy anyway.

also remember the stress tests worst case scenario was 8.9 employment and recovery in second half of '09 with good growth in '10. we are way worse off than that...

Obama compaigned on a middle-class TAX CUT. He is either a liar an idiot for not knowing it was unaffordable. Take your pick Obama supporterrs.

this is just another reason nationalization was the bet answer. get it over and done with. the yeild curve destroys americans savings, the dollar drop does it also, future inflation will do the same thing. All of these are the hidden subsidies to banks that will cost more than nationalization ever would. What wall street wants is unlinted funding for ever from the fed, and then taking their bad assets. this is what is happening and it will destroy our future.

pssst... hey all you obama lovers who believed his lies and voted for him..... no one under $250K will have a tax increase.... LOLOLOLOL... just another lie by obama... taxes galore... on EVERYONE....how do you like that hope and change? hmmmm? obama THEE worst president in history in only 6 mos....SOCIALIST OBAMA

this is just another reason nationalization was the bet answer. get it over and done with. the yeild curve destroys americans savings, the dollar drop does it also, future inflation will do the same thing. All of these are the hidden subsidies to banks that will cost more than nationalization ever would. What wall street wants is unlinted funding for ever from the fed, and then taking their bad assets. this is what is happening and it will destroy our future.

We're being fleeced by the credit card companies - BECAUSE THEY CAN - the government won't stop them, because like the tabacco companies they are in partnership with the government! I will put debt behind me in a year (If I can stay employed) and I will NEVER NEVER be there again! You've got me now - but i'll soon be free!