Monday, August 11, 2008

The Next Bubble Is on the Way: Credit Card Debt

Why Are We All Complicit in Our Own Economic Servitude?

by Danny Schechter

Let me try a few words out on you: “Charge It,” “Swipe It” and “Priceless.”

You know exactly what I am talking about. We all have credit and debit cards. We all use them, and many of us keep our lives going because of them.

That is, until the bill becomes due.

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