trying to encourage more economic spending by eliminating people's perceived debt.
This is the plan Stan, Mexicans give zero fucks about their credit score which is evidenced by the fact that they already don't ever pay their ER bills but now they will be getting shiny new offers in their mailboxes about their new pre-approved $10000 credit card... which they will never pay either.
The banks are just shifting one type of debt (which is already maxxed out) to another type of debt that the Gov't will end up paying in a bail-out in the near future. You won't bet a single cent of this windfall btw but you will end up paying for it and that is by design.
>trying to encourage more economic spending by eliminating people's perceived debt.
This is the plan Stan, Mexicans give zero fucks about their credit score which is evidenced by the fact that they already don't ever pay their ER bills but now they will be getting shiny new offers in their mailboxes about their new pre-approved $10000 credit card... which they will never pay either.
The banks are just shifting one type of debt (which is already maxxed out) to another type of debt that the Gov't will end up paying in a bail-out in the near future. You won't bet a single cent of this windfall btw but you will end up paying for it and that is by design.
(post is archived)