The Curious Connection Between Guns and Credit Cards

IN AMERICA, we enjoy the right to LIFE, freedom to accumulate the LIBERTY to carry guns, and monstrous credit card debt in the PURSUIT of HAPPINESS YOUR MSIЙE DEBT RIGHT TO BEAR ARMS DEATH BY CREDIT M THE CURIOUS CONNECTION BETWEEN M CREDIT GUNS CARDS Protect lives Quick access to debt in a time of need Prevent crimes * Convenient online shopping THE GOOD THE BAD Commit murder & crimes * Y Cause of personal bankruptcies Conduct war & genocide Trap users in endless cycle of growing interest charges & fees FIRST, BY THE NUMBERS I GUN OWNERS i U.S. POPULATION 312 million i CARD HOLDERS 75 million 181 million F GUNS 300 million CREDIT CARDS 610 million 4 3.4 GUNS CARDS AVERAGE GUN OWNER AVERAGE CARD HOLDER ...SO, WHAT'S THE CONNECTION? In an attempt to block unfair tactics used by card companies to boost fees and finance charges to card holders, Congress passed - THE C redit A ccountability Responsibility and Disclocure ACT of 2009 DON'T increase rate on existing balances until 60 days behind on minimum payments. it includes these important protections DO give 45 days' notice before interest rate change. DON'T let people exceed credit limit and then charge a fee. Get their permission first. BUT ALSO... Oklahoma Senator Tom Coburn inserted a provision allowing visitors to carry loaded weapons into wildlife refuges and national parks TOM COBURN TO AVOID DELAYING THE CARD ACT, THE BILL WAS PASSED WITH THE GUN PROVISION BEARS ARE DANGEROUS ENOUGH. LET'S NOT GIVE THEM LOADED GUNS TOO. THIS LESSON IN AMERICAN CIVICS BROUGHT TO YOU BY V ReadyForZero readyforzero.com Souroes: nytimes.com | creditcards.com | justfacts.com | bos.frb.org Oct 2011