Thursday, May 28, 2009

The Evils of Consumer Debt

From an article on MSN Money:

Banks have declared war -- on you

Changes are coming fast to the credit card world, and you can expect your bank to raise rates, slash credit limits, add fees and cut rewards. Consumers, brace yourselves.

Continued here ...

It has always bothered me how much power banks have over consumers. I support free market capitalism, but banks just get almost megalomaniacal about it. So, if banks are going to be snippy, then so will I: I'll cancel my cards, pay it off ASAP (yes, I know, it would have been better to not use credit cards to begin with, but we've all got to have our stupid mistakes), and go to a credit union, and I encourage everyone else to do the same. After they lose all their customers and have no bailout, then we'll see who's boss.

Friday, May 22, 2009

Why I Am a Conservative

I ran across this today:

"As important as are all other principles of the gospel, it was the freedom issue which determined whether you received a body. To have been on the wrong side of the freedom issue during the war in heaven meant eternal damnation. How then can Latter-day Saints expect to be on the wrong side in this life and escape the eternal consequences? The war in heaven is raging on earth today..." (Ezra Taft Benson. General Conference Talk - April 1965. Not Commanded in All Things.)

So, knowing that, how can any LDS person be anything other than conservative, if not libertarian?