Ever Escalating Debt

5/17/2017: As it is today, and as it was yesterday and will be again tomorrow; the national, corporate and personal debt in America will rise.  The ever escalating debt defies the law of physics.  How does this work and how does it keep going?  The answer is inflation and/or devaluation of the US dollar.  The other choices are not generally acceptable; higher taxes and bankruptcy.

Or borrow on a credit card with the following interest rates and see if you can make credit card debt work.

Card Type Low High
Airline 14.62% 21.99%
Hotel 15.24% 21.99%
Business Credit Cards 13.12% 19.87%
Cash Back Credit Cards 13.24% 22.99%

Comments

comments