Congress just tacked out my "stupidometer". Yes, Congress has "red-lined" the limits of stupidity this morning. While debating the new, and not improved, bailout package, several Congress Critters suggested that America needs the bailout because people living paycheck to paycheck are being squeezed as their lines of credit on their credit cards are being reduced.
Excuse me for my lack of financial wisdom, but is Congress recommending that people living paycheck to paycheck should be using their credit cards? Is it a good idea for people just making it to receive a credit line increase? Surely Congress has read the news that a recession, or worse, is upon us.
Read the rest of the article, Living Paycheck to Paycheck? Congress Says Charge It., at Liberty Stop.