Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

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[–] 3 points 3 years ago*

Stop making points, but you're totally right... How I look at it at this point is it's like gangs.. ya I know I owe you 30 trillion, but I'm giving you hundreds of billions a year. And I have more muscle than you. So why would you try to collect when I can kick your ass and you still get enough to pay your debts without conflict.. I want someone to correct me, because Ive spent a lot of time trying to understand more nuance to this situation

Edit: I realize I've missed some punctuation. If you're confused, just ask

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