tag:blogger.com,1999:blog-9026484337051027793.post3899097120128538981..comments2008-05-13T23:30:43.482-04:00Comments on Saving to Inve$t: Until the nation is broke, viva la credit cardAndyhttp://www.blogger.com/profile/14309605333128481208andy@savingtoinvest.comBlogger2125tag:blogger.com,1999:blog-9026484337051027793.post-86874623002614148792008-05-13T23:30:00.000-04:002008-05-13T23:30:00.000-04:00Curt - agree the nation could be considered broke ...Curt - agree the nation could be considered broke given our current account deficit and foreign debt. I think our spending culture needs to drastically change to prevent things from getting worse. Visa and Mastercard only process the transactions and do not take on the debt obligations themselves (unlike Bear Stearns), so that is why I think they will benefit from this trend.Andyhttp://www.blogger.com/profile/14309605333128481208noreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-67077396095649390122008-05-12T23:10:00.000-04:002008-05-12T23:10:00.000-04:00We are already broke. The money that people are sp...We are already broke. The money that people are spending on credit cards - they cannot pay back. The recession will take away many more jobs and Visa and MasterCard will be bankrupt just like Bear Stearns.Curthttp://www.pennyjobs.comnoreply@blogger.com