More on Credit Cards

After reading this msm media news article, it once again proves that our current President really doesn't have your best interests in his agenda.

I agree that credit card companies can be rather deceptive when it comes to some of their practices. For instance, did you know that you could pay late on your MasterCard and many of your other cards could also raise their rates? Of course not. It's buried in the fine print.

Many unsuspecting people are issued numerous credit cards which they have no intention of paying in full at the end of the month. However, most of these people should not have been issued credit cards at all. Soon they are caught in a trap that is almost impossible to extricate themselves from.

But listen up here, folks. The real root of this problem is this; We shouldn't be using credit cards at all. Then the fine print doesn't matter. We have, over the years, been scammed and led away from values that we should hold dear to our hearts. Number one is, "if you can't afford it, don't buy it." Number two could easily be, "recreational shopping is stupid and only stupid people engage in such mindless activity."

Here's a news flash that everyone needs to read but the msm won't report. You don't need the newest espresso machine, the biggest hot tub, or even that new set of 750 thread count bed sheets. Skip the fancy vacation just because you think you've "earned it" by working hard all year. The only thing any of us deserve is what we can afford to pay for.

In this particular article it says, "There is no time for delay," Obama said. "We need a durable and successful flow of credit in our economy, but we can't tolerate profits that depend upon misleading working families."

Working families have been misled for years. They have been made to believe that it's "necessary" for junior to have a $300.00 phone, and princess "deserves" a brand new car when she turns 16. We, as a nation, are overextended in our choice of houses, the cars we drive, the clothes we wear, and even the food we eat.

Debt is a burden that can separate you from living your life the way God intended you to live. Debt shackles you with the burden of worry and stress. And the debt also shackles you to all the things you have stuffed in your already over-stuffed life leaving no room for God. There is a reason monks live without "stuff."

So, you know what? Let our current President, who claims to have your best interests at heart, get his stupid bill passed. If you're in debt, take steps right now to unburden yourself. If you have credit cards - cut them up!!

Blogs of Note:

Stumbled upon the BlogProf today, and his post on our current President's budget is an eyeopener and well worth a read.

Talk about an over-achiever - from his profile....

*****"I'm an Associate Professor of Mechanical Engineering at Oakland University specializing in alternative energy (especially biofuels), thermal transport phenomena, two-phase flow and fluid and thermal energy systems. I am also a Christian, a husband, a father of six and a competitive natural bodybuilder."

Father of six? Good for him! I can't remember whether it was Dad29,**Robert Stacy McCain,** or* Rich Leonardi who answers the rather rude question, "Do you know where they're coming from?", with the rather cheeky answer, "Yea, and we're really good at it."

Cannonball Catholic Blog Awards

I NEED YOUR VOTES NOW!!!

No registration - just hit the little radio button next to "Adrienne's Catholic Corner". Nominated in Best Spiritual Treat, Best Political, and Susan Boyle Awards.

And this from the American Thinker about our current President's "self-actualizing" language, written by Lee Cary.

Since I have a special interest in the New Age phenomena and how it affects our thinking, language, and the way we worship, the words self-actualizing caught my eye. We first start hearing that term from Abraham Maslow in his hierarchy of needs , and it has been co-opted by the new age movement to have many different meanings. I don't have time to go into detail right now, but I promise to do so in the near future.

Can you say Nationalization??

AP sources: Obama wants Fed to be finance supercop

WASHINGTON – The Federal Reserve could become the supercop for "too big to fail" companies capable of causing another financial meltdown under a proposal being seriously considered by the White House. read the rest

Wake up America! Our current President is dangerous.

Obama and Credit Cards

Welcome to The Other McCain readers. Browse around and say hi! I love new friends....

Obama and Credit Cards

*****In more schizophrenic maneuvering by our current President, we must now shift our focus to reforming (controlling) the credit card industry. Credit card issuers (the banks that just received billions of our dollars), are headed for major restructuring and oversight by our government.

*****Why is Obama so concerned with credit cards? Simple! He needs you to spend money. Never mind it's money you don't have, for purchases of items you don't need or are incapable of paying back. If the government can operate on that basis, why can't you?

*****I'm old enough to remember when the concept of the credit card as it now operates was first sold to an unsuspecting public. In the "old days" when a larger purchase was made from a department store, such as for furniture or an appliance, only the very credit worthy were allowed to put it on a "contract account", which was much like a bank loan. There was a set interest amount and a fixed payment each month with no penalty for paying it off early. They soon discovered that a revolving account, allowing them to charge interest on the unpaid balance, would make them way more money.

*****I worked in the bookkeeping department at Montgomery Wards while I was a senior in high school. I saw what they did to customers who insisted on putting an item on a contract account rather than opening a revolving account. They shagged those people all over the store and generally wore them down until, out of frustration, they put their purchase on a shiny new revolving account.

***** In 1950, we saw the emergence of the first of what we consider to be the "credit card" as we know it today. Diners Club issued a card primarily for businessmen for entertainment and such. In 1951, Franklin Bank issued the Charge-It Card that could be used at retail establishments of all sorts.

****In 1958, American Express issued the "Don't leave home without it" card. I can attest to the fact that acquiring an American Express card was a huge deal. Only the very top of the income brackets could lay their hands on this card and it became a status symbol.

****The first revolving-credit card that could be used at most retailers was issued in the State of California by the Bank of America. It was the first major card to offer payment options to the cardholders. Pay it off at the end of the month (a requirement of American Express), or the cardholder could make monthly payments. The company charged interest on the remaining balances, thus starting the enslavement of the American people to buying what they couldn't afford and probably didn't need.

*****Anyone who has a mail box knows how aggressively credit cards are marketed. College campuses are inundated each fall with reps trying to cram credit cards down the immature throats of freshmen. It is normal for people to have five or ten major credit cards. The average consumer debt of households in the year 2000 was $12,000.00. I'm sure it's much higher now.

*****So now we have our current President mopping up the credit card industry to entice you to spend more money. Do the credit card issuers operate deceptively? Yep! Do they victimize the consumer? Nope! Because, and listen closely here, you can't be victimized without your consent.

*****If you have credit cards, get rid of them. If you owe money, pay it off. Dave Ramsey has a good plan for this and one I highly recommend. We don't use credit cards and even though most people would consider our income nothing to chat with their neighbors about, we live like a king and queen.


"I know how to live on almost nothing or with everything. I have learned the secret of contentment in every situation, whether it be a full stomach or hunger, plenty or want; for I can do everything God asks me to with the help of Christ who gives me the strength and power." Philippians 4:12-13

Robert Stacy McCain

******Mr. McCain, being the class act blogger that he is, was nice enough to mention me today. His post on marriage and the contraception mentality of the people this country was excellent.

*****Now go read what he has to say about the Catholic Church. I recognize truth where ever it is found. His views of some of the current problems with the Church are dead on. Time for the Catholics to wake up and smell the incense.

The Weekend:
Plenty of time to nominate ME in any and all categories

*****The Crescat continues to accept nominations for her premier event of the year - The Cannonball Catholic Blog Awards. Things are really heating up in the "best blog by a religious who's not Father Z" category.

*****Later today, I will be heading over with many nominations. Be sure and leave the URL of the blog you are nominating to make Carolina Cannonball's job easier.

Why Go to Daily Mass

*****Ironic Catholic has twelve good reasons. I'm pretty bad at taking advantage of daily Mass. This list of reasons made a difference for me.