Leave it up to Republicans in Congress to stink up a good thing.
This is a country that is starting to feel the pain of living high on the hog for so long. The value of the dollar is dropping like a rock. There are 6 million people in this country are looking for work, and many of those people are starting to use their credit cards to support themselves. Many of these people have at least $80,000 worth of credit card debt.
But after decades of trying to get some form of credit card relief passed, Congress has finally succeeded.
Last year Democrats in Congress introduced the Credit Card Reform Act of 2008 in an attempt relieve some of the overwhelming,unfair, and outrageous fees associated with credit card debt. Yesterday, President Obama signed the bill into law. The bill requires credit card companies to become transparent regarding their fees. Companies can no longer tack on 30% interest rates on consumers without good reason, although there is no good reason for such high rates. And once consumers pay off their debts, companies have to return their rates to something more manageable, like 8%.
Speaking from experience of someone who has felt the sting of out of control credit card debt, all I can say is it's about damn time!
But some Republicans have decided that credit card relief for Americans isn't good enough. In order for them to vote in favor of the bill, they had to slip in a measure that would allow citizens to carry loaded guns in national parks.
National parks? Are you serious? Are they afraid that Americans are going get carjacked by raccoons?
Again, do you Republicans still wonder why you had your asses handed to you last November? If there is a Republican who voted for this bill who is reading this, please leave a comment and tell me what the hell the 2nd Amendment has to do with credit card relief?
According to the FBI, about .0000165 %, or 1.65 out of 100,000 violent crimes occurred in national parks throughout the country in 2006. That number is now sure to rise.