I Can Breathe Now.

$800 Billion. $8500 is the average total credit card balance. That’s how much America owes big credit. That load of groceries you bought at Kroger on 08/03/03. That Mochaccino you bought at Starbucks a couple years ago. All of the gas you have purchased in the last few years. Those items are on those credit card balances we have - compounding and compounding every month, day, minute. I bet that Mochaccino will end up costing you $15.83 before that balance is paid off.

These balances will never shrink because Money is Debt. As long as people want stuff they cannot afford, this country will be in debt.

This entry (Permalink) was posted on Tuesday, December 11th, 2007 at 2:55 am and is filed under 800 billion, credit cards, debt, video. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response , or trackback from your own site.