What a revelation. Cant spend cause credits gone. WOW, who’d a thunk it? Having to spend only what’s actually derived from one’s income. That’s down right unamerican. And it’s now reality. Cash is king once more. Hail to the king. In God we trust, all others bring cash.
Oh, one other thing. Studies have shown that the number one reason for defaulting on a home mortgage is not the inability to pay, but rather owing more than the value of the home!! How many is “1 in 6” out there? Look for those to default, especially as unemployment’s rising.
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