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Thursday, October 28, 2021

Commentary: Don’t Let Democrats in Washington Mess with Your Credit Card

As President Biden and Democrats in Washington debate trillions of dollars in new government spending, Tennesseans would be wise to hang onto their wallets. And now thanks to a new proposal being discussed by Sen. Dick Durbin (D-IL) and other progressives like Sen. Bernie Sanders (I-VT), Tennesseans would be wise to hold onto their credit cards too. 

This new plan would impose new regulations on credit cards and make it harder for Tennesseans to access banking and financial services. This so-called progressive priority would also represent one of the largest and most expensive regulations in American history.
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4 comments:

  1. AnonymousOctober 28, 2021 at 11:10 AM

    These POS are pittimg us against one another.

    Don’t Take The Bait!

    Take it To Them

    ReplyDelete
  2. VMSOctober 28, 2021 at 11:36 AM

    The article ends with:

    "Tennessee’s native son Davy Crockett famously said, “Be sure you are right, then go ahead.” Democrats in Washington are dead wrong, but going ahead anyway. Fortunately, Tennessee common sense still exists in Washington in the form of Senators Marsha Blackburn and Bill Hagerty, who have a long history of standing strong for Tennessee consumers and supporting commonsense conservative policy priorities. Hopefully, they will fight for the ability of Tennesseans to access credit cards and financial services and reject any proposals that could jeopardize the security of our financial transactions."

    Speaking of Davy Crockett, everyone reading this blog should read Davy Crockett's "Not Yours to Give" speech before Congress: https://fee.org/media/14953/notyourstogive.pdf

    ReplyDelete
  3. Henk VandenberghOctober 28, 2021 at 12:03 PM

    "The average consumer receives nearly $170 annually in credit card rewards"

    No they don't!
    This is their own money because whenever they use their credit card, the credit card company takes at least 3% from the top, meaning that what they just bought is at least 3% higher than it should be if credit card companies were not that greedy.
    So, the oohs and aahs you hear when learning about 'cash back', for every dollar you get back, the credit card company gets at least two of YOUR money.

    ReplyDelete
  4. Fa Cube ItchesOctober 29, 2021 at 12:23 AM

    Silly peasants - all money is OUR money; we just allow you to temporarily have a bit of it.
    - The Government

    ReplyDelete

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