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popsdenver

(2,535 posts)
22. Strange
Thu May 7, 2026, 12:20 AM
Yesterday

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