"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
In November, We Racked Up $5.6 Billion More Credit Card Debt
Submitted by Melinda L. Secor on Sun, 2012-01-15 02:00
"Americans spent an unexpected $52 billion over Black Friday weekend, and now it's becoming clear how we managed to afford this shopping spree: we charged it. New Federal Reserve data shows that consumer borrowing surged by $20.4 billion in November -- the highest month-over-month increase in a decade."
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