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popsdenver

(2,531 posts)
22. Strange
Thu May 7, 2026, 12:20 AM
15 hrs ago

I distinctly recall the same exact thing happening during the first Reagan Term....People forced to live off their credit cards.

Then, I seem to remember that TWO other things..........ALL interest was tax deductible, including credit cards, and Reagan and HWBush changed the law, that only mortgage interest was deductible........
And the "Usury Rate" interest was capped at 12% was increased to 24%.

Many other things that were previously deductible were suddenly dropped, esp in the deductions for medical expenses.....

There were dozens and dozens of MAJOR things that the HWBush CABAL accomplished during those 12 years that lead the way in the destruction of the middle class...............

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2 members have recommended this reply (displayed in chronological order):

Dump is laughing all the way to the bank as MAGA gets played Blue Owl 21 hrs ago #1
Debt makes free!! underpants 21 hrs ago #2
In other words UpInArms 21 hrs ago #3
The economy is booming. For the bankers and loan sharks. erronis 21 hrs ago #4
Average person uses credit when Figarosmom 20 hrs ago #5
"The rich are getting richer!" Grokenstein 20 hrs ago #6
Grinning creep. Harker 20 hrs ago #7
That makes me think of the time Buddyzbuddy 20 hrs ago #8
(You left out "clueless") lastlib 18 hrs ago #13
So much debt. BidenRocks 19 hrs ago #9
I really don't know why Trump lets Hasset go on TV Renew Deal 19 hrs ago #10
Complete contradiction of terms SCantiGOP 18 hrs ago #11
ONLY IN TRUMP WORLD blue blues 18 hrs ago #12
It IS great--- lastlib 18 hrs ago #14
Hassett has one of the most punchable faces in this toxic regime. City Lights 18 hrs ago #15
THE 2 punchable twins BumRushDaShow 8 hrs ago #32
Yes, for sure!!! nt City Lights 7 hrs ago #35
The GOP chuckleheads don't even know how credit cards work sakabatou 17 hrs ago #16
They also boasted about oil companies getting more revenue IronLionZion 17 hrs ago #17
He's gotta know he's sucking Trumps dick by saying that. Loser. BradBo 17 hrs ago #18
Bragging that credit card spending is through the roof? patphil 17 hrs ago #19
If you work for a credit card company or a bank, COL Mustard 16 hrs ago #20
Bunch of whiners. pat_k 16 hrs ago #21
Strange popsdenver 15 hrs ago #22
This campaign ad writes itself Bluetus 15 hrs ago #23
An astonishing self-own nuxvomica 15 hrs ago #24
Social Security is still being taxed, so that's some real Bull $h1t ... aggiesal 13 hrs ago #25
If you travel overseas find out which countries tip, and which don't. Aussie105 11 hrs ago #27
I've been overseas, so yes I know about offending servers. n/t aggiesal 6 hrs ago #36
Well, the government in the US loves deficit finances! Aussie105 12 hrs ago #26
This is how you say "I'm a fucking moron" without actually saying "I'm a fucking moron" Ray Bruns 8 hrs ago #28
😡😲 UGH! Another Ambiguous Headline from MediaIte... surprise surprise. QueerDuck 8 hrs ago #29
And $7000 benefits ? rickford66 8 hrs ago #30
Next, he'll be bragging we wouldn't have so many repos if people weren't buying so many cars. Vinca 8 hrs ago #31
Hassett is truly one of the biggest idiot liars in this incredibly dishonest admin LymphocyteLover 7 hrs ago #33
War is Peace! Debt Enslavement is Wealth! We Love Big Banks! Poverty is Freedom! Timeflyer 7 hrs ago #34
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