Trump Official Drops Odd Boast About Economy: 'Credit Card Spending Is Through the Roof!'

[patphil]

19. Bragging that credit card spending is through the roof?

That's a BS way of saying that consumer debt is out of control and reaching an all-time high.
And that debt doesn't come cheap. Interest rates on credit card debt are in the 20-30% range.
This is a brutal way to maintain yourself and family. Once that debt gets to a certain point, it's almost impossible to get out from under it. There's interest on the balance and charges for usage that add hundreds of dollars to the debt each month.