This guy is cherry picking stats and quotes to back his argument, the same article that he quoted as showing that credit card borrowing was up also stated:
"Credit card usage has fallen sharply since the 2008 credit crisis. Four years ago, Americans had $1.03 trillion in credit card debt, an all-time high. In October, that figure was 17 percent lower."
This guy should live in rural Afghanistan or Sudan and have warlords dictate his fate instead of a government.
He had almost lost me until the section "people buying things they don't need with money they don't have" and the prime example was "education" - then he really lost me.<p>Cranky crank is cranking, apparently.
<a href="http://www.theidealistrevolution.com/911-in-plane-site/" rel="nofollow">http://www.theidealistrevolution.com/911-in-plane-site/</a><p>Some truther joy from the same site. Great post, nekojima!