CNN: Paper or plastic? How to pay for the holidays
Here are our options apparently.
1. Cash
2. Debit cards
3. Credit cards
I just wanted to make sure the word got out. Many families are struggling this year thanks to high unemployment and nearly unbearable debt loads. Figuring out how to pay for the holidays can therefore be difficult.
That's not all. Knowing how to pay for the holidays is an important first step in understanding how we are going to pay for our national debt.
Click to enlarge.
It would seem likely that we will pay for it with a combination of cash, debit cards, and credit cards too. That's good to know. I can't speak for you, but I'll be sleeping much better tonight.
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3 comments:
I know how:
-Buy all your gifts
-Issue collateraized debt tranches for them
-rate them AAAAA
-sell them to the FED in QE 2.0
-pay off the bills
-have the FED eat the loss
There, fixed it for ya!
GYSC,
Hold on. Your idea is preposterous!
"Pay off the bills and award yourself nice fat bonuses!"
Fixed it. ;)
Yeah, that works better!
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