how do republicans/conservatives feel about the govt's attempt to curb debit/cc fees?

[CycloWizard]

Nobody should require medicine if they can't afford it. Live within your means!!

Medicine and doctors grow on trees!! Surely we can just legislate the problems of drug development and highly educated labor away! Utopia!!!1!

 

[crownjules]

you mean pay it off at the end of the billing cycle right?

Yes, ideally you pay it off right away but it's not massively damaging to your finances if you take 2-3 months. It's when people sit thousands of dollars of debt at 12-18% APR over the course of many years that it becomes irresponsible and destructive.

Credit is why Americans have continued to vote Republican even while their real wages have fallen and the rich have concentrated wealth.

Credit was the last coping mechanism the middle class had to combat stagnating wages while the price of goods continued to rise for sure. Prior to that it was dual income families and working lots of overtime. But that's a different topic.

 

[werepossum]

You require medication, can't afford to pay it up front b/c you barely make ends meet, or worse. Do you use the credit card to pay for the medicine even though you'll have to pay it off over time?

Certainly. But far too many people are carrying credit card debt incurred at Taco Bell or Pizza Hut. Financing lunch @18% is stupid tax.

The majority of credit card "abuse" is avoidable because no one's forcing you to use a CC. The problem is that most Americans view CCs as an extension of their financial resources rather than a device for short term loans. You shouldn't be buying that $1500 TV on credit if you can't pay it off within a few months. And that's partly why our economy sank and is having a hard time recovering. We went way to far into credit without the underlying assets to back it up.

I agree completely. I'd even go so far as to say that NO television should be financed on a credit card, unless it's one of those zero interest promos.

 

[BoberFett]

Credit is why Americans have continued to vote Republican even while their real wages have fallen and the rich have concentrated wealth.

Funny then, that rather than try to cut down on consumer credit which merely serves to smooth over the true financial crisis in this country, Democrats simply want to make it slightly less painful by allowing deadbeats to pay slightly lower fees. Tell me again, which party actually cares about the citizens?

Answer: Neither

 

[Icepick]

Credit is why Americans have continued to vote Republican even while their real wages have fallen and the rich have concentrated wealth.

You're right.