Prices are still too high for many Americans. Combine that with the usual historical trend for the House to flip parties two years after a Presidential election and November could be grim for Republicans. But could a projected SIX PERCENT economic growth for 2026 save the midterms?
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the only people that are “not afraid of anything” are morons, criminals insane or so deep into the corruption that they think they are untouchable.
WHY do none of you bring up the FACT and I have the fight log of Epstein’s jet, that trump flew to Epstein island?
you are no longer fair you ARE one sided. I do know it is time for the support of the next president because as far as I can tel NO ONE is fit to be president.
As usual, LCD, you have the facts, but not the intelligence. There is no dispute that Trump flew on Epstein’s jet. Just as Epstein flew on Trump’s. They were both rich, NY elites, who ran in the same circles. THERE IS NO EVIDENCE that Trump EVER went to the infamous island. It is well documented that Trump threw Epstein out of Mar El Lago, and banned him from any Trump properties after discovering what was going on. As for being one-sided? I suggest a good long look in a mirror. And the only reason that you think no one is… Read more »
Accurate, factual and well said.
Capping credit card interest rates is a terrible idea and here’s some perspective on that … I always have to give a sad sigh when I hear people talking about the “proper” way to use credit cards. Especially when they’re making the silly assumption that people who carry a large credit card balance are spendthrift micro-brains who can’t control their “buy now, pay later” lust for consumerism. This is sometimes the case but it’s not always true. Just like anything else there is a broad arc of truth here and you want to be very, very careful about only seeing… Read more »
For many years I paid off all my credits cards in full every month. I can’t do that now, but I’m making progress. They are not totally paid off due mainly high hospital bills occurred when Donna, my wife, nearly died from one Covid shot. Docter said if I had waited 24 more hours to force her to come in (she refused at first) she would have died. 7 days in hospital. Three months on dialysis. More medical things unrelated, but still….Was at stage 3 kidney disease, now at stage 2, thank God. Doctor said he had never seen that… Read more »
The biggest thing Trump has going for him is that he actually likes people and “feels their pain” when they struggle. Most elected office holders don’t give two cents … “I got mine, up yours.” Trump talks lowering income tax, my illustrious commie governor Newsom says, “Oh boy. More for me. If they (the public) has more money in their kicks I can increase power prices (which he did), natural gas prices (which he did), gas at the pump prices (which he did), gas taxes (which he did), ad infinitum.” If, like Bill says, the nation gets $1 per gallon… Read more »
Steve’s “Why won’t somebody do something?” is very similar to a regular feature MAD Magazine used to have called, “There ought’a be a law”. Same thing. I always thought, “No. That’s all we need is more laws.”
I have excellent credit with a credit score near 800. I still get credit cards wanting me to pay 30% interest! I believe that is near loan shark rates. I simply refuse to participate. I would make more, but still judicious, use of credit if the rates were 1/3 what they are now.
I disagree that capping CC interest rates will hurt the CC industry.
They would like nothing more than to have a bunch of clients with maxed out cards paying the minimum payment.
Not sure that gov’t intervention is the right mechanism, but CC companies make very good margins.
Worked in CCs for @ 6 years. Capping the rates means fewer people can get credit (and turn to paycheck loans, pawn shops, etc), and also will result in higher fees – overdraft, late payment, etc. Not arguing for the banks, just pointing out that if you push something down it comes out elsewhere
Credit cards should be for convenience, not short term loans. Those same people who “can’t” get CC due to credit scores probably should not have credit cards.
I have taught Financial Planning classes 5 times and most people think they have to have credit cards so that they can afford to live between paychecks.
Simply not the case.
I use my one CC and pay it off every Saturday; because I am still only spending to my budget.
Lol … I remember a time when if you wanted to see a concert you just showed up at the venue, walked up to the ticket booth and bought your ticket at the price set by the company putting on the show. It was a good idea to get there an hour or so before showtime in case they sold out but that was about it. I have never bought a ticket to anything from a “scalper” and wouldn’t even know how to go about it.
I was glad to hear Scott’s description at the end of the value at a moment in time, as that door can swing both ways. I recall going to a college Basketball game as a recent alum who lived in town, when our team was fun but not great. Weather had moved in and lots of alum season ticket holders couldn’t get to town. There were more than a dozen guys walking around with tix to a theoretically sold out game with good tix. We ended up at half court at less than face value because when it is one… Read more »
It is impossible to have affordability, availability, and superior ability at the same time. If you’re the best, people seek you out. If lines go out the door, your services are more valuable. This isn’t a hard concept. Government can’t “fix it.” In my field, Obamacare and HMOs have made insurance companies rich and gutted physician reimbursement. When I left “the big city” to practice in the mountains, dropping my work week to forty hours, they were offering doctors fresh out of school half what they paid nurses. I check “who makes what salary?” sites on the web and it… Read more »
You said, sir. To add to that list of things that the Government fails to do correctly, consider the disaster in New Mexico where the bloody politicians passed legislation that effectively requires all NM hospitals to exorbitantly-priced in liability insurance, because, well, suing for malpractice has been refined to a black art form in NM, and the central planners of this blue state believe the best response is to drive physicians and hospitals out of NM rather than rein-in the rampant greed of lawyers and other such grifters.
Keith in our little town, we have lots of Dr associated with the local hospital. They are so regulated by the system, if they spend more than 6 minutes they get dinged. when you add in the high deductible, anytime you go to the Dr you essentially pay out of pocket unless you need an operation. About a year and half ago, we signed up with an unaffiliated physician. We pay a monthly fee (that adds up to way less than our yearly deductible) and I (and my wife) see him every week. Ostensibly for treatment on my back (acupuncture,… Read more »
This is technically concierge medicine. Other people in his practice are not seeing him as often. This technically “pays” for your weekly visits. There are “no insurance” surgical centers, a famous one in Oklahoma, that tell you exactly what you are billed ahead of time and are much less expensive. There are many ways to drop cost and they all include capitalism. (Shopping policies across state lines, etc.) Most illnesses referred to a specialist such as myself take more than 6 minutes to figure out, mainly because the reason they fail treatment in the first place is they are not… Read more »
Can’t afford the interest payments on a credit card loan? DON’T USE IT AS A LOAN! People have become so bloody demanding for the “buy now, pay later” mindset, that they have no clue what risks and costs are associated with over-extending themselves. It’s fundamentally lazy thinking.
Precisely – a Credit Card should never be used as a short term loan. People do not know how to create a household budget. So they use CC to “bridge the gap”. it’s not a gap, you are spending more than you make. If the money runs out before the month, stop buying stuff. BTW – I have taken and taught Dave Ramsey’s class 5 times and helped people with this. One thing I disagree with Dave on is the keeping of a credit card. I use mine for almost all regular purchases: Gas, groceries, etc. But I go to… Read more »
Same. We use our credit card as a debit card, paying in full each month. And I’m now using my years of being underpaid to know how to legally game credit cards to take advantage of teaser points on new accounts.
Several years ago while reviewing my CC statement on-line I noticed this line on the screen labeled “Points”. I had not recalled that we had signed up with a card with points. Since then we have gotten quite a few items that either we would not have due to the extravagance of the item (an actual Espresso machine) to gifts for others that we more expensive than we otherwise would have to just finding something for “free” that we needed. It is well over $4000 of stuff simply from the points. Since we use our card for most stuff and… Read more »